Stifel Nicolaus Lowers Crane (NYSE:CR) Price Target to $200.00

Crane (NYSE:CR) had its target price lowered by stock analysts at Stifel Nicolaus from $202.00 to $200.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the conglomerate’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 6.68% from the company’s previous close.

A number of other brokerages also recently weighed in on CR. Wolfe Research set a $215.00 price target on Crane and gave the stock an “outperform” rating in a research report on Thursday, December 4th. CJS Securities raised shares of Crane to a “strong-buy” rating in a report on Thursday, December 11th. DA Davidson set a $235.00 price objective on Crane in a research report on Thursday, October 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Crane in a research report on Monday, December 8th. Finally, Bank of America upped their price target on shares of Crane from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Crane has a consensus rating of “Buy” and an average price target of $221.83.

Crane Trading Down 2.3%

Crane stock traded down $4.35 during trading hours on Tuesday, reaching $187.48. 43,321 shares of the company’s stock traded hands, compared to its average volume of 309,546. Crane has a fifty-two week low of $127.04 and a fifty-two week high of $203.89. The firm has a market capitalization of $10.80 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.93 and a beta of 1.24. 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 firm’s 50 day moving average is $185.41 and its 200-day moving average is $186.14.

Crane (NYSE:CR) last announced its quarterly earnings results on Monday, October 27th. The conglomerate reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.18. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $589.20 million for the quarter, compared to the consensus estimate of $578.54 million. During the same period last year, the company posted $1.38 EPS. Crane’s revenue for the quarter was up .8% on a year-over-year basis. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. On average, analysts predict that Crane will post 7.87 earnings per share for the current year.

Institutional Investors Weigh In On Crane

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Crane during the 2nd quarter worth $190,533,000. Bain Capital Public Equity Management II LLC boosted its holdings in shares of Crane by 117.3% in the 1st quarter. Bain Capital Public Equity Management II LLC now owns 937,237 shares of the conglomerate’s stock worth $143,566,000 after purchasing an additional 505,983 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Crane by 114.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 439,157 shares of the conglomerate’s stock valued at $80,866,000 after buying an additional 234,681 shares in the last quarter. Prudential Financial Inc. lifted its position in Crane by 5,159.8% in the 2nd quarter. Prudential Financial Inc. now owns 232,851 shares of the conglomerate’s stock worth $44,216,000 after buying an additional 228,424 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Crane by 116.2% in the third quarter. Millennium Management LLC now owns 401,596 shares of the conglomerate’s stock worth $73,950,000 after buying an additional 215,815 shares in the last quarter. 75.14% of the stock is currently 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.