DA Davidson Reiterates “$111.00” Price Target for Crane (CR)


DA Davidson set a $111.00 price target on Crane (NYSE:CR) in a research report released on Friday. The brokerage currently has a buy rating on the conglomerate’s stock.

Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Crane from a buy rating to a hold rating in a report on Wednesday, May 23rd. ValuEngine downgraded Crane from a buy rating to a hold rating in a report on Friday, April 27th. Susquehanna Bancshares raised Crane from a neutral rating to a positive rating and set a $104.00 target price on the stock in a report on Wednesday, April 25th. UBS raised Crane from a neutral rating to a positive rating in a report on Wednesday, April 25th. Finally, Canaccord Genuity reaffirmed a buy rating and set a $110.00 target price on shares of Crane in a report on Monday, March 12th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $106.11.


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Crane opened at $84.83 on Friday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.35 and a current ratio of 1.79. Crane has a twelve month low of $71.23 and a twelve month high of $102.65. The firm has a market cap of $5.06 billion, a P/E ratio of 18.73, a PEG ratio of 1.46 and a beta of 1.23.

Crane (NYSE:CR) last released its quarterly earnings data on Monday, April 23rd. The conglomerate reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.04. The company had revenue of $799.00 million for the quarter, compared to the consensus estimate of $802.47 million. Crane had a return on equity of 21.08% and a net margin of 6.09%. Crane’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS. analysts forecast that Crane will post 5.63 earnings per share for the current fiscal year.


The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Thursday, May 31st will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Wednesday, May 30th. Crane’s dividend payout ratio (DPR) is presently 30.91%.

Hedge funds have recently bought and sold shares of the company. Adviser Investments LLC bought a new position in shares of Crane in the 1st quarter worth about $193,000. Levin Capital Strategies L.P. bought a new position in shares of Crane in the 4th quarter worth about $208,000. JOYN Advisors Inc. bought a new position in shares of Crane in the 4th quarter worth about $213,000. CHICAGO TRUST Co NA bought a new position in shares of Crane in the 1st quarter worth about $230,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Crane by 51.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,695 shares of the conglomerate’s stock worth $240,000 after acquiring an additional 917 shares in the last quarter. 69.41% of the stock is owned by hedge funds and other institutional investors.


Crane Company Profile

Crane Co manufactures and sells engineered industrial products worldwide. The company's Fluid Handling segment offers process valves and related products, including on/off valves and related products for application in the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.

Analyst Recommendations for Crane (NYSE:CR)

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