FBR Capital Markets Increases Crane Price Target to $73.00 (CR)
Equities researchers at FBR Capital Markets boosted their price target on shares of Crane (NYSE:CR) from $70.00 to $73.00 in a research report issued on Tuesday, Stock Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price objective indicates a potential upside of 10.26% from the stock’s previous close.
Crane (NYSE:CR) opened at 66.21 on Tuesday. Crane has a 52 week low of $51.55 and a 52 week high of $69.21. The stock has a 50-day moving average of $65.86 and a 200-day moving average of $62.85. The company has a market cap of $3.851 billion and a P/E ratio of 17.67.
Crane (NYSE:CR) last released its earnings data on Monday, January 27th. The company reported $0.92 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.03 by $0.11. Analysts expect that Crane will post $4.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Wednesday, February 26th.
Crane Co (NYSE:CR) is a diversified manufacturer of engineered industrial products.
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