Equities research analysts at FBR Capital boosted their price target on shares of Crane (NYSE: CR)
A number of other analysts have also recently weighed in on CR. Analysts at Canaccord Genuity initiated coverage on shares of Crane in a research note to investors on Monday, February 25th. They set a “buy” rating on the stock. Separately, analysts at Ascendiant Capital Markets initiated coverage on shares of Crane in a research note to investors on Friday, February 22nd. They set a “buy” rating and a $60.00 price target on the stock. Finally, analysts at Topeka Capital Markets raised their price target on shares of Crane from $44.00 to $53.00 in a research note to investors on Wednesday, January 30th. They now have a “hold” rating on the stock. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Crane currently has a consensus rating of “Buy” and a consensus price target of $52.86.
Shares of Crane (NYSE: CR) traded up 0.02% during mid-day trading on Monday, hitting $56.36. Crane has a one year low of $34.89 and a one year high of $56.99. The stock’s 50-day moving average is currently $53.8. The company has a market cap of $3.232 billion and a P/E ratio of 15.14.
Crane (NYSE: CR) last issued its quarterly earnings data on Monday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by $0.04. The company had revenue of $629.79 million for the quarter, compared to the consensus estimate of $651.64 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Crane has set its FY13 guidance at $4.10-4.30 EPS. Analysts expect that Crane will post $4.24 EPS for the current fiscal year.
Crane Co (NYSE: CR) is a diversified manufacturer of engineered industrial products. The Company operates in five segments: Aerospace and Electronics, Engineered Materials, Merchandising Systems, Fluid Handling and Controls.