Stifel Nicolaus Increases Crane (NYSE:CR) Price Target to $150.00

Crane (NYSE:CR) had its price target hoisted by research analysts at Stifel Nicolaus from $135.00 to $150.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the conglomerate’s stock. Stifel Nicolaus’ price target suggests a potential upside of 15.87% from the company’s current price.

A number of other equities research analysts also recently weighed in on the stock. Bank of America boosted their price objective on shares of Crane from $110.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. StockNews.com lowered Crane from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.00.

Crane Price Performance

Shares of CR stock opened at $129.45 on Wednesday. The firm has a fifty day moving average of $129.51 and a two-hundred day moving average of $114.30. The firm has a market cap of $7.39 billion, a P/E ratio of 35.08, a P/E/G ratio of 1.93 and a beta of 1.49. Crane has a 1-year low of $67.28 and a 1-year high of $139.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88.

Crane (NYSE:CR) last posted its quarterly earnings results on Monday, January 29th. The conglomerate reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.09. Crane had a return on equity of 24.45% and a net margin of 13.10%. The business had revenue of $532.90 million during the quarter, compared to the consensus estimate of $519.55 million. As a group, research analysts anticipate that Crane will post 7.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Money Concepts Capital Corp bought a new stake in shares of Crane during the fourth quarter valued at about $25,000. Ronald Blue Trust Inc. raised its position in shares of Crane by 99.3% during the 3rd quarter. Ronald Blue Trust Inc. now owns 287 shares of the conglomerate’s stock worth $26,000 after buying an additional 143 shares in the last quarter. Amundi acquired a new stake in shares of Crane in the 4th quarter worth approximately $32,000. Fifth Third Bancorp boosted its holdings in shares of Crane by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 341 shares of the conglomerate’s stock valued at $40,000 after acquiring an additional 99 shares in the last quarter. Finally, Zions Bancorporation N.A. acquired a new position in shares of Crane during the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

About Crane

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.