Shares of Crane (NYSE:CR – Get Free Report) have earned an average recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $125.00.
CR has been the topic of several research analyst reports. Bank of America raised their target price on shares of Crane from $110.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. StockNews.com downgraded shares of Crane from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Finally, Stifel Nicolaus lifted their price objective on shares of Crane from $135.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday.
Read Our Latest Research Report on CR
Hedge Funds Weigh In On Crane
Crane Stock Performance
Shares of CR stock opened at $130.09 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The company has a market capitalization of $7.43 billion, a P/E ratio of 35.25, a price-to-earnings-growth ratio of 1.93 and a beta of 1.49. The company’s 50 day moving average price is $129.46 and its two-hundred day moving average price is $114.20. Crane has a 52 week low of $67.28 and a 52 week high of $139.34.
Crane (NYSE:CR – Get Free Report) last announced its earnings results on Monday, January 29th. The conglomerate reported $0.90 EPS for the quarter, topping the consensus estimate of $0.81 by $0.09. The firm had revenue of $532.90 million for the quarter, compared to the consensus estimate of $519.55 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. On average, analysts expect that Crane will post 7.87 earnings per share for the current fiscal year.
Crane Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Thursday, February 29th were paid a $0.205 dividend. The ex-dividend date was Wednesday, February 28th. This is a boost from Crane’s previous quarterly dividend of $0.18. This represents a $0.82 annualized dividend and a dividend yield of 0.63%. Crane’s dividend payout ratio (DPR) is currently 22.22%.
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.
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