Crane (NYSE:CR)‘s stock had its “buy” rating reiterated by analysts at Oppenheimer in a note issued to investors on Tuesday.

CR has been the topic of a number of other reports. Bank of America lifted their target price on Crane from $90.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Wolfe Research lowered Crane from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 25th. Stifel Nicolaus lifted their target price on Crane from $85.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Seaport Global Securities raised Crane from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $78.00 to $95.00 in a research report on Thursday, October 26th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Crane in a research report on Friday, November 3rd. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $93.83.

Shares of Crane (CR) traded down $1.36 on Tuesday, hitting $82.54. The company’s stock had a trading volume of 239,900 shares, compared to its average volume of 315,428. The firm has a market capitalization of $4,979.46, a PE ratio of 19.20, a PEG ratio of 1.84 and a beta of 1.17. Crane has a 12 month low of $67.62 and a 12 month high of $86.67. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.96 and a current ratio of 2.66.

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

In other news, Director E Thayer Bigelow sold 1,067 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $82.79, for a total transaction of $88,336.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Augustus I. Dupont sold 11,130 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $86.28, for a total value of $960,296.40. Following the transaction, the vice president now owns 84,116 shares of the company’s stock, valued at $7,257,528.48. The disclosure for this sale can be found here. Insiders have sold 22,403 shares of company stock valued at $1,896,288 over the last ninety days. Corporate insiders own 3.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. AXA boosted its position in shares of Crane by 3.6% during the third quarter. AXA now owns 113,700 shares of the conglomerate’s stock worth $9,095,000 after buying an additional 4,000 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Crane by 30.7% during the third quarter. Public Employees Retirement System of Ohio now owns 104,969 shares of the conglomerate’s stock worth $8,396,000 after buying an additional 24,646 shares during the period. California Public Employees Retirement System boosted its position in shares of Crane by 3.4% during the third quarter. California Public Employees Retirement System now owns 135,312 shares of the conglomerate’s stock worth $10,824,000 after buying an additional 4,412 shares during the period. Janney Capital Management LLC boosted its position in shares of Crane by 43.7% during the third quarter. Janney Capital Management LLC now owns 4,752 shares of the conglomerate’s stock worth $380,000 after buying an additional 1,444 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Crane during the third quarter worth approximately $946,000. Institutional investors and hedge funds own 68.36% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Oppenheimer Reaffirms Buy Rating for Crane (CR)” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/12/06/oppenheimer-reaffirms-buy-rating-for-crane-cr.html.

Crane Company Profile

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.