Crane (NYSE:CR) Price Target Cut to $170.00 by Analysts at Stifel Nicolaus

Crane (NYSE:CR) had its price target lowered by equities researchers at Stifel Nicolaus from $176.00 to $170.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the conglomerate’s stock. Stifel Nicolaus’ target price indicates a potential upside of 4.19% from the company’s current price.

A number of other brokerages have also recently issued reports on CR. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. UBS Group lifted their target price on shares of Crane from $152.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $166.80.

Crane Stock Up 0.2 %

CR traded up $0.26 on Friday, hitting $163.17. The company had a trading volume of 169,650 shares, compared to its average volume of 205,712. The stock has a fifty day simple moving average of $164.24 and a 200-day simple moving average of $158.03. 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 has a market capitalization of $9.34 billion, a P/E ratio of 21.64, a P/E/G ratio of 1.93 and a beta of 1.22. Crane has a 52-week low of $110.49 and a 52-week high of $188.52.

Crane (NYSE:CR) last released its earnings results on Monday, October 28th. The conglomerate reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.06. The company had revenue of $597.20 million during the quarter, compared to analysts’ expectations of $594.45 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. As a group, equities analysts expect that Crane will post 7.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Crane

Several institutional investors have recently modified their holdings of the business. Matrix Trust Co bought a new stake in shares of Crane in the third quarter worth $25,000. V Square Quantitative Management LLC bought a new stake in shares of Crane during the 3rd quarter valued at about $28,000. ORG Wealth Partners LLC purchased a new position in shares of Crane in the third quarter worth approximately $30,000. UMB Bank n.a. increased its holdings in Crane by 81.8% during the third quarter. UMB Bank n.a. now owns 220 shares of the conglomerate’s stock valued at $35,000 after buying an additional 99 shares during the last quarter. Finally, Quarry LP bought a new position in Crane in the third quarter worth approximately $37,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Crane Company Profile

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.