Crane (NYSE:CR) Price Target Raised to $182.00

Crane (NYSE:CR) had its price target boosted by stock analysts at Deutsche Bank Aktiengesellschaft from $175.00 to $182.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the conglomerate’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 16.18% from the company’s current price.

Separately, Stifel Nicolaus raised their price objective on Crane from $157.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.17.

Crane Price Performance

Shares of NYSE:CR opened at $156.66 on Thursday. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The stock’s fifty day simple moving average is $151.77 and its two-hundred day simple moving average is $145.43. Crane has a 1-year low of $82.57 and a 1-year high of $162.34. The stock has a market cap of $8.95 billion, a PE ratio of 42.00, a price-to-earnings-growth ratio of 1.93 and a beta of 0.77.

Crane (NYSE:CR) last issued its quarterly earnings data on Monday, July 29th. The conglomerate reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.06. Crane had a return on equity of 24.45% and a net margin of 13.10%. The business had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $568.33 million. During the same period last year, the business earned $1.10 EPS. The business’s revenue was up 14.0% on a year-over-year basis. As a group, analysts forecast that Crane will post 7.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Crane

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in Crane during the 2nd quarter valued at $884,000. Algert Global LLC raised its stake in shares of Crane by 20.4% during the 2nd quarter. Algert Global LLC now owns 17,249 shares of the conglomerate’s stock valued at $2,501,000 after purchasing an additional 2,921 shares during the period. Driehaus Capital Management LLC boosted its stake in Crane by 12.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 384,588 shares of the conglomerate’s stock worth $55,758,000 after purchasing an additional 42,743 shares during the period. Select Equity Group L.P. bought a new position in Crane in the 2nd quarter worth about $21,159,000. Finally, Lighthouse Investment Partners LLC grew its holdings in Crane by 1.2% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 14,000 shares of the conglomerate’s stock valued at $2,030,000 after buying an additional 162 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.