Crane (CR) Rating Reiterated by Oppenheimer

Crane (NYSE:CR)‘s stock had its “buy” rating reaffirmed by equities researchers at Oppenheimer in a research report issued on Tuesday.

A number of other equities analysts also recently weighed in on CR. Wolfe Research raised shares of Crane from a “market perform” rating to an “outperform” rating in a research note on Monday, August 14th. Boenning Scattergood reaffirmed a “hold” rating on shares of Crane in a research note on Monday, October 2nd. BidaskClub downgraded shares of Crane from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. Vertical Research raised shares of Crane from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Zacks Investment Research raised shares of Crane from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Monday, October 2nd. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $93.83.

Shares of Crane (NYSE CR) opened at $86.32 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.96 and a current ratio of 2.66. Crane has a one year low of $67.62 and a one year high of $87.32. The stock has a market cap of $5,140.00, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 1.84 and a beta of 1.17.

Crane (NYSE:CR) last announced its earnings results on Monday, October 23rd. The conglomerate reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. Crane had a net margin of 4.96% and a return on equity of 20.70%. The company had revenue of $695.90 million for the quarter, compared to the consensus estimate of $679.77 million. During the same period in the previous year, the business earned $1.07 EPS. The company’s revenue was up .2% on a year-over-year basis. equities research analysts anticipate that Crane will post 4.53 earnings per share for the current year.

In other Crane news, VP Augustus I. Dupont sold 11,130 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $86.28, for a total transaction of $960,296.40. Following the transaction, the vice president now directly owns 84,116 shares of the company’s stock, valued at $7,257,528.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James L. L. Tullis sold 2,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $81.44, for a total transaction of $162,880.00. Following the transaction, the director now directly owns 2,110 shares in the company, valued at $171,838.40. The disclosure for this sale can be found here. Insiders sold 22,403 shares of company stock worth $1,896,288 over the last ninety days. 3.10% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Acrospire Investment Management LLC increased its position in Crane by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the conglomerate’s stock worth $127,000 after buying an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Crane by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,778 shares of the conglomerate’s stock worth $141,000 after buying an additional 140 shares during the last quarter. Global X Management Co. LLC increased its position in Crane by 221.0% during the second quarter. Global X Management Co. LLC now owns 1,862 shares of the conglomerate’s stock worth $148,000 after buying an additional 1,282 shares during the last quarter. Howe & Rusling Inc. increased its position in Crane by 88.5% during the third quarter. Howe & Rusling Inc. now owns 2,252 shares of the conglomerate’s stock worth $180,000 after buying an additional 1,057 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its holdings in Crane by 54.2% during the third quarter. ClariVest Asset Management LLC now owns 2,276 shares of the conglomerate’s stock valued at $182,000 after acquiring an additional 800 shares during the period. 68.36% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Crane (CR) Rating Reiterated by Oppenheimer” was posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.com-unik.info/2017/12/07/crane-cr-rating-reiterated-by-oppenheimer.html.

Crane Company Profile

Crane Co (Crane) is a manufacturer of engineered industrial products. The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment is a provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.

Analyst Recommendations for Crane (NYSE:CR)

What are top analysts saying about Crane Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Crane Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit