Crane (NYSE:CR)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity in a research note issued on Tuesday. They presently have a $95.00 price target on the conglomerate’s stock. Canaccord Genuity’s price objective indicates a potential upside of 15.10% from the company’s current price.

Several other equities analysts have also issued reports on CR. Oppenheimer reaffirmed a “buy” rating on shares of Crane in a report on Tuesday. Vertical Research raised Crane from a “hold” rating to a “buy” rating in a report on Wednesday. Seaport Global Securities raised Crane from a “neutral” rating to a “buy” rating and upped their target price for the company from $78.00 to $95.00 in a report on Thursday, October 26th. Bank of America upped their target price on Crane from $90.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Wolfe Research lowered Crane from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 25th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $93.83.

Crane (NYSE:CR) traded down $1.36 during mid-day trading on Tuesday, reaching $82.54. The company had a trading volume of 239,900 shares, compared to its average volume of 315,428. Crane has a fifty-two week low of $67.62 and a fifty-two week high of $86.67. The company has a current ratio of 2.66, a quick ratio of 1.96 and a debt-to-equity ratio of 0.54. The firm has a market cap of $4,979.46, a P/E ratio of 19.20, a P/E/G ratio of 1.84 and a beta of 1.17.

Crane (NYSE:CR) last issued its quarterly earnings data on Monday, October 23rd. The conglomerate reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $695.90 million during the quarter, compared to analyst estimates of $679.77 million. Crane had a return on equity of 20.70% and a net margin of 4.96%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 EPS. equities analysts predict that Crane will post 4.53 EPS for the current year.

In other Crane news, Director James L. L. Tullis sold 2,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $81.44, for a total transaction of $162,880.00. Following the sale, the director now owns 2,110 shares in the company, valued at $171,838.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP A D. Pantaleoni sold 4,650 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $83.11, for a total value of $386,461.50. Following the sale, the vice president now owns 1,076 shares in the company, valued at approximately $89,426.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,403 shares of company stock worth $1,896,288. Company insiders own 3.10% of the company’s stock.

Several large investors have recently bought and sold shares of CR. Aperio Group LLC raised its position in shares of Crane by 29.5% in the second quarter. Aperio Group LLC now owns 17,180 shares of the conglomerate’s stock worth $1,364,000 after buying an additional 3,911 shares in the last quarter. US Bancorp DE increased its stake in Crane by 1.5% in the second quarter. US Bancorp DE now owns 9,473 shares of the conglomerate’s stock valued at $752,000 after acquiring an additional 140 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Crane by 61.3% in the second quarter. Russell Investments Group Ltd. now owns 75,420 shares of the conglomerate’s stock valued at $5,988,000 after acquiring an additional 28,654 shares during the last quarter. Acadian Asset Management LLC increased its stake in Crane by 1,116.2% in the second quarter. Acadian Asset Management LLC now owns 6,288 shares of the conglomerate’s stock valued at $499,000 after acquiring an additional 5,771 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in Crane by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 9,932 shares of the conglomerate’s stock valued at $788,000 after acquiring an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 68.36% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/06/cranes-cr-buy-rating-reiterated-at-canaccord-genuity.html.

About Crane

Crane Co (Crane) is a manufacturer of engineered industrial products. The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment is a provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.

Analyst Recommendations for Crane (NYSE:CR)

Receive News & Ratings for Crane Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane Company and related companies with MarketBeat.com's FREE daily email newsletter.