Crane (NYSE:CR) Receiving Somewhat Positive Press Coverage, Study Shows

Headlines about Crane (NYSE:CR) have been trending somewhat positive on Monday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Crane earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media stories about the conglomerate an impact score of 45.836060501591 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media stories that may have impacted Accern’s analysis:

CR has been the subject of several recent research reports. Boenning Scattergood restated a “neutral” rating on shares of Crane in a research report on Monday, February 26th. Zacks Investment Research lowered shares of Crane from a “buy” rating to a “hold” rating in a research report on Wednesday, April 18th. Canaccord Genuity restated a “buy” rating and set a $110.00 target price on shares of Crane in a research report on Monday, March 12th. UBS Group upgraded shares of Crane from a “neutral” rating to a “positive” rating in a research report on Wednesday, April 25th. Finally, DA Davidson assumed coverage on shares of Crane in a research report on Wednesday, March 21st. They set a “buy” rating and a $108.00 target price for the company. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Crane has an average rating of “Buy” and a consensus price target of $105.89.

Crane traded up $0.13, hitting $83.52, during trading hours on Monday, MarketBeat reports. 2,950 shares of the stock traded hands, compared to its average volume of 231,442. The company has a market capitalization of $4.98 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.43 and a beta of 1.20. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.79 and a quick ratio of 1.35. Crane has a 1 year low of $71.23 and a 1 year high of $102.65.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, April 23rd. The conglomerate reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.04. The company had revenue of $799.00 million for the quarter, compared to the consensus estimate of $802.47 million. Crane had a net margin of 6.09% and a return on equity of 21.08%. Crane’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 earnings per share. sell-side analysts anticipate that Crane will post 5.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 8th. Investors of record on Thursday, May 31st were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Wednesday, May 30th. Crane’s payout ratio is 30.91%.

About Crane

Crane Co manufactures and sells engineered industrial products worldwide. The company's Fluid Handling segment offers process valves and related products, including on/off valves and related products for application in the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.

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