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

Crane (NYSE:CR) had its target price increased by investment analysts at UBS Group from $152.00 to $157.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the conglomerate’s stock. UBS Group’s target price suggests a potential upside of 1.21% from the stock’s previous close.

CR has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft upped 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 target on the stock. in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $168.00.

Crane Price Performance

Shares of NYSE:CR opened at $155.12 on Friday. 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 business’s fifty day moving average price is $167.67 and its two-hundred day moving average price is $157.02. The stock has a market cap of $8.88 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. Crane has a one year low of $110.49 and a one year high of $188.52.

Crane (NYSE:CR) last posted its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.06. Crane had a return on equity of 24.45% and a net margin of 13.10%. The business had revenue of $597.20 million for the quarter, compared to analyst estimates of $594.45 million. During the same quarter last year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, analysts forecast that Crane will post 7.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its stake in shares of Crane by 3.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 8,710 shares of the conglomerate’s stock valued at $1,263,000 after purchasing an additional 263 shares in the last quarter. Van ECK Associates Corp lifted its position in Crane by 27.3% during the second quarter. Van ECK Associates Corp now owns 21,638 shares of the conglomerate’s stock valued at $3,137,000 after buying an additional 4,639 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in Crane during the second quarter worth approximately $232,000. Arizona State Retirement System increased its position in shares of Crane by 2.3% in the second quarter. Arizona State Retirement System now owns 13,571 shares of the conglomerate’s stock worth $1,968,000 after acquiring an additional 299 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Crane by 12.4% in the 2nd quarter. Private Advisor Group LLC now owns 4,519 shares of the conglomerate’s stock valued at $655,000 after acquiring an additional 498 shares during the period. 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.