Crane (NYSE:CR) Price Target Raised to $157.00 at UBS Group

Crane (NYSE:CR) had its target price increased by stock analysts at UBS Group from $152.00 to $157.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the conglomerate’s stock. UBS Group’s target price points to a potential upside of 3.99% from the stock’s current price.

A number of other research analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Stifel Nicolaus lowered Crane from a “buy” rating to a “hold” rating and set a $176.00 price objective for the company. in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $168.00.

Crane Stock Down 0.5 %

Shares of Crane stock opened at $150.98 on Friday. Crane has a twelve month low of $110.49 and a twelve month high of $188.52. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 1.93 and a beta of 0.93. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The business’s 50 day simple moving average is $167.54 and its 200-day simple moving average is $156.83.

Crane (NYSE:CR) last released its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 13.10% and a return on equity of 24.45%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. Equities research analysts forecast that Crane will post 7.87 earnings per share for the current year.

Institutional Investors Weigh In On Crane

A number of institutional investors have recently bought and sold shares of CR. JPMorgan Chase & Co. boosted its holdings in Crane by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 128,577 shares of the conglomerate’s stock valued at $20,351,000 after purchasing an additional 510 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Crane by 3.2% in the 3rd quarter. Retirement Systems of Alabama now owns 132,200 shares of the conglomerate’s stock valued at $20,925,000 after buying an additional 4,096 shares in the last quarter. Tidal Investments LLC grew its position in Crane by 19.9% in the third quarter. Tidal Investments LLC now owns 6,017 shares of the conglomerate’s stock valued at $952,000 after acquiring an additional 997 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Crane during the third quarter valued at $86,000. Finally, World Investment Advisors LLC acquired a new stake in shares of Crane in the 3rd quarter valued at $4,459,000. 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.