Stifel Nicolaus Lowers Crane (NYSE:CR) Price Target to $170.00

Crane (NYSE:CR) had its target price decreased by analysts at Stifel Nicolaus from $176.00 to $170.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the conglomerate’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 5.45% from the company’s current price.

CR has been the subject of a number of other reports. UBS Group boosted their price target on shares of Crane from $152.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft increased their price target on Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $166.80.

Crane Stock Down 1.0 %

Shares of CR opened at $161.21 on Friday. The business’s fifty day moving average price is $163.99 and its two-hundred day moving average price is $158.29. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 21.35, a PEG 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. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18.

Crane (NYSE:CR) last posted its quarterly earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.06. The business had revenue of $597.20 million for 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 quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 earnings per share. On average, analysts predict that Crane will post 7.87 earnings per share for the current year.

Hedge Funds Weigh In On Crane

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