Crane (NYSE:CR – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $167.00.
A number of brokerages recently weighed in on CR. Stifel Nicolaus cut shares of Crane from a “buy” rating to a “hold” rating and set a $176.00 target price 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 stock a “buy” rating in a report on Thursday, October 3rd.
Check Out Our Latest Report on Crane
Institutional Inflows and Outflows
Crane Trading Up 0.2 %
Shares of CR opened at $152.80 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The company has a market capitalization of $8.75 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.93 and a beta of 0.93. The stock has a 50-day moving average price of $168.14 and a 200 day moving average price of $156.20. Crane has a one year low of $110.49 and a one year high of $188.52.
Crane (NYSE:CR – Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The conglomerate reported $1.38 EPS for the quarter, topping the consensus estimate of $1.32 by $0.06. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm had revenue of $597.20 million for the quarter, compared to analysts’ expectations of $594.45 million. During the same period in the previous year, the business earned $1.03 earnings per share. Crane’s revenue for the quarter was up 12.7% compared to the same quarter last year. Sell-side analysts forecast that Crane will post 7.87 EPS for the current fiscal year.
Crane Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were issued a $0.205 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.54%. Crane’s payout ratio is currently 18.06%.
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.
Featured Stories
- Five stocks we like better than Crane
- Differences Between Momentum Investing and Long Term Investing
- Oil Titans Face Off: Exxon Mobil or Chevron for 2025 Gains?
- How to trade using analyst ratings
- Mining Stocks Back in the Spotlight: 3 Key Names to Watch
- What is MarketRank™? How to Use it
- MarketBeat Week in Review – 12/16 – 12/20
Receive News & Ratings for Crane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane and related companies with MarketBeat.com's FREE daily email newsletter.