Crane (NYSE:CR) Given New $200.00 Price Target at Stifel Nicolaus

Crane (NYSE:CR) had its price objective decreased by investment analysts at Stifel Nicolaus from $202.00 to $200.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the conglomerate’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 6.68% from the stock’s previous close.

CR has been the subject of several other reports. CJS Securities upgraded shares of Crane to a “strong-buy” rating in a report on Thursday, December 11th. DA Davidson set a $235.00 target price on Crane in a report on Thursday, October 30th. Wolfe Research set a $215.00 target price on Crane and gave the company an “outperform” rating in a research note on Thursday, December 4th. Bank of America increased their price target on shares of Crane from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Crane in a research note on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $221.83.

Crane Trading Down 2.3%

CR traded down $4.35 during trading on Tuesday, hitting $187.48. 43,321 shares of the stock traded hands, compared to its average volume of 309,546. The firm has a 50-day moving average of $185.41 and a 200 day moving average of $186.14. Crane has a 12-month low of $127.04 and a 12-month high of $203.89. The firm has a market capitalization of $10.80 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. 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 released its quarterly earnings data on Monday, October 27th. The conglomerate reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.18. The business had revenue of $589.20 million during the quarter, compared to analysts’ expectations of $578.54 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.The business’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the business posted $1.38 EPS. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. Equities research analysts anticipate that Crane will post 7.87 EPS for the current year.

Hedge Funds Weigh In On Crane

Several hedge funds and other institutional investors have recently modified their holdings of CR. Norges Bank purchased a new position in shares of Crane in the 2nd quarter worth $190,533,000. Bain Capital Public Equity Management II LLC lifted its holdings in Crane by 117.3% in the first quarter. Bain Capital Public Equity Management II LLC now owns 937,237 shares of the conglomerate’s stock valued at $143,566,000 after acquiring an additional 505,983 shares during the period. Qube Research & Technologies Ltd boosted its position in Crane by 114.8% in the third quarter. Qube Research & Technologies Ltd now owns 439,157 shares of the conglomerate’s stock worth $80,866,000 after purchasing an additional 234,681 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Crane by 5,159.8% during the 2nd quarter. Prudential Financial Inc. now owns 232,851 shares of the conglomerate’s stock valued at $44,216,000 after purchasing an additional 228,424 shares during the period. Finally, Millennium Management LLC increased its position in shares of Crane by 116.2% during the 3rd quarter. Millennium Management LLC now owns 401,596 shares of the conglomerate’s stock valued at $73,950,000 after purchasing an additional 215,815 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

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.