Crane (NYSE:CR) Stock Rating Lowered by Stifel Nicolaus

Crane (NYSE:CR) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Monday, MarketBeat reports. They presently have a $176.00 price objective on the conglomerate’s stock. Stifel Nicolaus’ price target suggests a potential downside of 1.40% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft raised their price target on shares of Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Crane presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.50.

Crane Stock Up 4.3 %

NYSE CR opened at $178.50 on Monday. 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 firm has a 50-day simple moving average of $160.07 and a 200 day simple moving average of $151.97. Crane has a twelve month low of $102.80 and a twelve month high of $180.87. The stock has a market cap of $10.22 billion, a PE ratio of 39.32, a PEG ratio of 1.93 and a beta of 0.81.

Crane (NYSE:CR) last released its earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share for the quarter, beating 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 business had revenue of $597.20 million during the quarter, compared to analysts’ expectations of $594.45 million. During the same quarter last year, the company earned $1.03 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. On average, research analysts forecast that Crane will post 7.87 EPS for the current year.

Hedge Funds Weigh In On Crane

Hedge funds and other institutional investors have recently bought and sold shares of the business. Covestor Ltd boosted its position in shares of Crane by 150.6% during the first quarter. Covestor Ltd now owns 218 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 131 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Crane by 2.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 10,443 shares of the conglomerate’s stock worth $1,411,000 after purchasing an additional 216 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Crane by 7.1% during the first quarter. Bessemer Group Inc. now owns 204,943 shares of the conglomerate’s stock worth $27,693,000 after purchasing an additional 13,610 shares in the last quarter. Natixis bought a new position in shares of Crane during the first quarter worth $581,000. Finally, EP Wealth Advisors LLC boosted its position in shares of Crane by 7.4% during the first quarter. EP Wealth Advisors LLC now owns 2,153 shares of the conglomerate’s stock worth $291,000 after purchasing an additional 148 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Crane Company Profile

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.