Crane (NYSE:CR) Given New $200.00 Price Target at DA Davidson

Crane (NYSE:CR) had its target price increased by stock analysts at DA Davidson from $185.00 to $200.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the conglomerate’s stock. DA Davidson’s price target indicates a potential upside of 15.93% from the stock’s current price.

Several other research firms also recently issued reports on CR. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. UBS Group upped their price objective on shares of Crane from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Stifel Nicolaus decreased their price objective on shares of Crane from $176.00 to $170.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, StockNews.com lowered shares of Crane from a “buy” rating to a “hold” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $174.80.

Crane Stock Up 1.0 %

CR stock traded up $1.72 during trading hours on Thursday, hitting $172.51. The company’s stock had a trading volume of 43,308 shares, compared to its average volume of 277,089. 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 company has a market capitalization of $9.87 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. Crane has a 12 month low of $118.48 and a 12 month high of $188.52. The stock has a 50 day moving average price of $163.47 and a two-hundred day moving average price of $158.76.

Crane (NYSE:CR) last posted its earnings results on Monday, January 27th. The conglomerate reported $1.26 EPS for the quarter, topping the consensus estimate of $1.19 by $0.07. Crane had a net margin of 13.10% and a return on equity of 24.45%. During the same period in the prior year, the business earned $0.90 earnings per share. On average, equities research analysts expect that Crane will post 7.87 earnings per share for the current year.

Hedge Funds Weigh In On Crane

Several institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC raised its stake in shares of Crane by 42.3% in the second quarter. Millennium Management LLC now owns 37,104 shares of the conglomerate’s stock worth $5,379,000 after acquiring an additional 11,034 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Crane during the 2nd quarter worth approximately $884,000. UMB Bank n.a. grew its position in shares of Crane by 81.8% during the 3rd quarter. UMB Bank n.a. now owns 220 shares of the conglomerate’s stock worth $35,000 after buying an additional 99 shares during the period. Matrix Trust Co acquired a new position in Crane during the third quarter valued at approximately $25,000. Finally, DLK Investment Management LLC acquired a new position in Crane during the third quarter valued at approximately $895,000. 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.