Stifel Nicolaus Downgrades Crane (NYSE:CR) to Hold

Crane (NYSE:CR) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Monday, Marketbeat.com reports. They presently have a $176.00 target price on the conglomerate’s stock. Stifel Nicolaus’ target price points to a potential upside of 1.44% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on Crane from $175.00 to $182.00 and gave the company 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.50.

Crane Trading Down 0.2 %

Shares of CR opened at $173.50 on Monday. The stock’s fifty day simple moving average is $158.85 and its 200 day simple moving average is $151.51. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. Crane has a twelve month low of $102.80 and a twelve month high of $180.87. The firm has a market capitalization of $9.93 billion, a P/E ratio of 38.22, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81.

Crane (NYSE:CR) last released its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 EPS for the quarter, beating the consensus estimate of $1.32 by $0.06. Crane had a return on equity of 24.45% and a net margin of 13.10%. The company had revenue of $597.20 million for the quarter, compared to analyst estimates of $594.45 million. During the same period last year, the company posted $1.03 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. On average, equities research analysts forecast that Crane will post 7.87 earnings per share for the current year.

Institutional Trading of Crane

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Matrix Trust Co acquired a new position in Crane in the third quarter worth about $25,000. V Square Quantitative Management LLC acquired a new position in Crane in the third quarter worth about $28,000. ORG Wealth Partners LLC acquired a new position in Crane in the third quarter worth about $30,000. Covestor Ltd grew its stake in Crane by 150.6% in 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. Finally, ORG Partners LLC acquired a new position in Crane in the second quarter worth about $31,000. 75.14% of the stock is owned by hedge funds and other 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.