Crane (NYSE:CR) Receives Average Rating of “Moderate Buy” from Analysts

Crane (NYSE:CRGet Free Report) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $143.67.

Several research firms have recently weighed in on CR. Stifel Nicolaus reissued a “buy” rating and issued a $157.00 target price on shares of Crane in a research report on Wednesday, May 15th. Bank of America boosted their target price on shares of Crane from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday. DA Davidson boosted their target price on shares of Crane from $142.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Vertical Research raised shares of Crane from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Finally, StockNews.com raised shares of Crane from a “hold” rating to a “buy” rating in a research report on Saturday, April 27th.

View Our Latest Stock Report on CR

Crane Stock Performance

Crane stock opened at $149.08 on Friday. Crane has a 12-month low of $72.29 and a 12-month high of $150.01. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 39.97, a price-to-earnings-growth ratio of 1.93 and a beta of 1.49. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. The firm’s fifty day moving average price is $140.30 and its 200 day moving average price is $125.55.

Crane (NYSE:CRGet Free Report) last released its quarterly earnings results on Monday, April 22nd. The conglomerate reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.10. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm had revenue of $565.30 million for the quarter, compared to the consensus estimate of $546.39 million. During the same quarter in the previous year, the firm posted $1.25 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. On average, research analysts forecast that Crane will post 7.87 EPS for the current fiscal year.

Crane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Friday, May 31st will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, May 31st. Crane’s dividend payout ratio is presently 21.98%.

Institutional Investors Weigh In On Crane

Institutional investors have recently modified their holdings of the business. Covestor Ltd boosted its stake in Crane by 150.6% during the 1st quarter. Covestor Ltd now owns 218 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 131 shares during the period. Fifth Third Bancorp boosted its stake in Crane by 40.9% during the 4th quarter. Fifth Third Bancorp now owns 341 shares of the conglomerate’s stock valued at $40,000 after purchasing an additional 99 shares during the period. Picton Mahoney Asset Management acquired a new position in Crane during the 4th quarter valued at about $90,000. Jump Financial LLC acquired a new position in Crane during the 3rd quarter valued at about $201,000. Finally, Claret Asset Management Corp acquired a new position in Crane during the 4th quarter valued at about $201,000. Institutional investors own 75.14% of the company’s stock.

About Crane

(Get Free Report

Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company operates in three segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials.

See Also

Analyst Recommendations for Crane (NYSE:CR)

Receive News & Ratings for Crane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane and related companies with MarketBeat.com's FREE daily email newsletter.