Stifel Nicolaus Increases Crane (NYSE:CR) Price Target to $168.00

Crane (NYSE:CR) had its target price hoisted by Stifel Nicolaus from $157.00 to $168.00 in a research report report published on Thursday morning, Benzinga reports. They currently have a buy rating on the conglomerate’s stock.

Other research analysts have also recently issued research reports about the stock. Bank of America boosted their price objective on shares of Crane from $140.00 to $165.00 and gave the company a buy rating in a research report on Wednesday, May 29th. StockNews.com raised shares of Crane from a hold rating to a buy rating in a research report on Saturday, April 27th. DA Davidson boosted their target price on Crane from $142.00 to $160.00 and gave the company a buy rating in a research report on Wednesday, April 24th. UBS Group upped their target price on Crane from $120.00 to $152.00 and gave the company a neutral rating in a research note on Wednesday, May 15th. Finally, Vertical Research raised Crane from a hold rating to a buy rating in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $145.50.

Crane Trading Down 0.1 %

CR opened at $150.89 on Thursday. Crane has a 12 month low of $82.57 and a 12 month high of $156.95. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average of $145.40 and a 200 day moving average of $134.29. The firm has a market cap of $8.62 billion, a P/E ratio of 40.45, a P/E/G ratio of 1.93 and a beta of 0.80.

Crane (NYSE:CR) last released its earnings results on Monday, April 22nd. The conglomerate reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.10. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm had revenue of $565.30 million for the quarter, compared to the consensus estimate of $546.39 million. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS. As a group, research analysts forecast that Crane will post 7.87 EPS for the current year.

Institutional Investors Weigh In On Crane

Institutional investors and hedge funds have recently bought and sold shares of the company. Morningstar Investment Services LLC increased its stake in shares of Crane by 98.7% during the fourth quarter. Morningstar Investment Services LLC now owns 126,031 shares of the conglomerate’s stock valued at $14,913,000 after buying an additional 62,613 shares during the period. HighPoint Advisor Group LLC bought a new position in Crane during the 4th quarter worth about $951,000. Congress Asset Management Co. MA increased its position in Crane by 0.5% during the 4th quarter. Congress Asset Management Co. MA now owns 1,322,850 shares of the conglomerate’s stock valued at $156,282,000 after purchasing an additional 6,605 shares during the period. FORA Capital LLC purchased a new position in Crane during the 1st quarter valued at about $911,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of Crane in the 4th quarter valued at about $90,000. 75.14% of the stock is owned by institutional investors.

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.