Crane (NYSE:CR) Given New $157.00 Price Target at UBS Group

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

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

Crane Trading Down 0.5 %

CR stock opened at $150.98 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 1.93 and a beta of 0.93. The business has a fifty day moving average price of $167.54 and a 200 day moving average price of $156.83. Crane has a fifty-two week low of $110.49 and a fifty-two week high of $188.52.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.06. The business had revenue of $597.20 million during 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 revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 earnings per share. Analysts expect that Crane will post 7.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Crane

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CR. Select Equity Group L.P. bought a new stake in shares of Crane in the 2nd quarter valued at $21,159,000. Point72 Asset Management L.P. acquired a new stake in shares of Crane during the third quarter worth about $17,062,000. Massachusetts Financial Services Co. MA raised its position in shares of Crane by 16.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 655,470 shares of the conglomerate’s stock worth $103,748,000 after purchasing an additional 91,029 shares during the period. American Century Companies Inc. grew its position in shares of Crane by 673.2% in the 2nd quarter. American Century Companies Inc. now owns 82,172 shares of the conglomerate’s stock valued at $11,913,000 after purchasing an additional 71,544 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Crane by 10.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 771,709 shares of the conglomerate’s stock worth $111,882,000 after purchasing an additional 70,297 shares in the last quarter. Institutional investors 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.