Crane (NYSE:CR) had its price objective dropped by research analysts at Canaccord Genuity from $100.00 to $99.95 in a research report issued on Wednesday, January 31st. Canaccord Genuity’s target price points to a potential upside of 11.74% from the company’s current price.
Several other equities research analysts also recently issued reports on the stock. AltaCorp Capital restated a “buy” rating on shares of Crane in a research note on Monday, January 15th. ValuEngine upgraded shares of Crane from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Vertical Research upgraded shares of Crane from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. Oppenheimer reaffirmed a “buy” rating on shares of Crane in a research report on Tuesday, December 5th. Finally, Seaport Global Securities raised Crane from a “neutral” rating to a “buy” rating and raised their target price for the stock from $78.00 to $95.00 in a research report on Thursday, October 26th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $106.28.
Crane (NYSE CR) opened at $89.45 on Wednesday. Crane has a twelve month low of $70.56 and a twelve month high of $102.65. The company has a market capitalization of $5,308.86, a P/E ratio of 31.50, a P/E/G ratio of 1.27 and a beta of 1.20. The company has a quick ratio of 1.40, a current ratio of 1.81 and a debt-to-equity ratio of 0.37.
In related news, VP Augustus I. Dupont sold 16,396 shares of Crane stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $97.74, for a total value of $1,602,545.04. Following the completion of the sale, the vice president now directly owns 102,994 shares in the company, valued at $10,066,633.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James L. L. Tullis sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $81.44, for a total value of $162,880.00. Following the transaction, the director now owns 2,110 shares of the company’s stock, valued at $171,838.40. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Howe & Rusling Inc. grew its position in shares of Crane by 88.5% during the 3rd quarter. Howe & Rusling Inc. now owns 2,252 shares of the conglomerate’s stock worth $180,000 after buying an additional 1,057 shares during the period. ClariVest Asset Management LLC grew its position in shares of Crane by 54.2% during the 3rd quarter. ClariVest Asset Management LLC now owns 2,276 shares of the conglomerate’s stock worth $182,000 after buying an additional 800 shares during the period. Fruth Investment Management bought a new position in shares of Crane during the 4th quarter valued at about $205,000. Levin Capital Strategies L.P. bought a new position in shares of Crane during the 4th quarter valued at about $208,000. Finally, Vident Investment Advisory LLC bought a new position in shares of Crane during the 3rd quarter valued at about $209,000. Institutional investors own 67.53% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://stocknewstimes.com/2018/02/11/canaccord-genuity-trims-crane-cr-target-price-to-99-95.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.
Receive News & Ratings for Crane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane and related companies with MarketBeat.com's FREE daily email newsletter.