Crane (NYSE:CR) Given New $225.00 Price Target at Bank of America

Crane (NYSE:CR) had its target price raised by Bank of America from $220.00 to $225.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the conglomerate’s stock. Bank of America‘s price objective points to a potential upside of 15.87% from the stock’s current price.

Several other research analysts have also weighed in on the company. Stifel Nicolaus upped their target price on Crane from $189.00 to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft increased their price objective on Crane from $187.00 to $226.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. UBS Group reissued a “buy” rating and set a $230.00 price objective (up previously from $215.00) on shares of Crane in a report on Wednesday, July 30th. Finally, DA Davidson increased their price objective on Crane from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Crane presently has a consensus rating of “Moderate Buy” and an average price target of $222.20.

Crane Stock Performance

Shares of CR stock opened at $194.1760 on Thursday. 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 has a fifty-two week low of $127.04 and a fifty-two week high of $203.89. The stock’s 50-day moving average is $189.76 and its two-hundred day moving average is $171.08. The firm has a market cap of $11.17 billion, a P/E ratio of 25.72, a PEG ratio of 1.93 and a beta of 1.26.

Crane (NYSE:CR) last issued its earnings results on Monday, July 28th. The conglomerate reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.15. Crane had a return on equity of 24.45% and a net margin of 13.10%.The company had revenue of $577.20 million for the quarter, compared to analyst estimates of $567.70 million. During the same period in the prior year, the firm posted $1.20 EPS. The business’s revenue was up 9.2% compared to the same quarter last year. Crane has set its FY 2025 guidance at 5.500-5.800 EPS. Analysts predict that Crane will post 7.87 earnings per share for the current fiscal year.

Institutional Trading of Crane

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CR. Headlands Technologies LLC acquired a new stake in Crane in the 2nd quarter valued at approximately $29,000. Golden State Wealth Management LLC lifted its position in shares of Crane by 104.8% in the 1st quarter. Golden State Wealth Management LLC now owns 256 shares of the conglomerate’s stock worth $39,000 after acquiring an additional 131 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Crane by 63.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 219 shares of the conglomerate’s stock worth $42,000 after acquiring an additional 85 shares during the period. Allworth Financial LP lifted its position in shares of Crane by 15.4% in the 2nd quarter. Allworth Financial LP now owns 390 shares of the conglomerate’s stock worth $74,000 after acquiring an additional 52 shares during the period. Finally, Westpac Banking Corp bought a new stake in shares of Crane in the 1st quarter worth approximately $76,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

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.