UBS Group Issues Positive Forecast for Crane (NYSE:CR) Stock Price

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

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus lowered Crane from a “buy” rating to a “hold” rating and set a $176.00 price objective for the company. in a research note on Monday, November 18th. 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 report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Crane presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.00.

Crane Trading Up 2.7 %

CR opened at $155.12 on Friday. The firm’s 50 day moving average is $167.67 and its 200-day moving average is $157.02. Crane has a 52-week low of $110.49 and a 52-week high of $188.52. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $8.88 billion, a P/E ratio of 20.55, a P/E/G ratio of 1.93 and a beta of 0.93.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.06. The firm had revenue of $597.20 million for the quarter, compared to the consensus estimate of $594.45 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. Analysts expect that Crane will post 7.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Crane

A number of institutional investors have recently made changes to their positions in CR. JPMorgan Chase & Co. lifted its stake in Crane by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 128,577 shares of the conglomerate’s stock worth $20,351,000 after purchasing an additional 510 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of Crane by 3.2% in the 3rd quarter. Retirement Systems of Alabama now owns 132,200 shares of the conglomerate’s stock worth $20,925,000 after buying an additional 4,096 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Crane by 19.9% in the 3rd quarter. Tidal Investments LLC now owns 6,017 shares of the conglomerate’s stock valued at $952,000 after buying an additional 997 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Crane during the 3rd quarter valued at about $86,000. Finally, World Investment Advisors LLC acquired a new stake in Crane during the third quarter worth about $4,459,000. 75.14% of the stock is currently 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.