News articles about Crane (NYSE:CR) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Crane earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the conglomerate an impact score of 46.5470781693392 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Crane Worldwide expands Middle East presence with Saudi office (aircargoworld.com)
- Mediaco Gets New Demag AC 220-5 All Terrain Crane (constructionequipmentguide.com)
- Crane completes acquisition of Treasury supplier (stamfordadvocate.com)
- Crane Co.: Crane Co. Announces Date for Fourth Quarter 2017 Earnings Release and Teleconference (twst.com)
- South Austin Construction Workers Hurt Following Crane Collapse (patch.com)
Shares of Crane (NYSE:CR) traded up $0.70 during mid-day trading on Friday, reaching $92.28. The company had a trading volume of 153,137 shares, compared to its average volume of 255,511. Crane has a 12 month low of $67.62 and a 12 month high of $92.71. The company has a market capitalization of $5,460.00, a P/E ratio of 41.20, a P/E/G ratio of 1.83 and a beta of 1.17. 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Crane had a return on equity of 20.70% and a net margin of 4.96%. The company had revenue of $695.90 million for the quarter, compared to the consensus estimate of $679.77 million. During the same quarter last year, the company earned $1.07 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. sell-side analysts predict that Crane will post 4.53 EPS for the current fiscal year.
Several brokerages have recently commented on CR. Scotiabank restated a “buy” rating on shares of Crane in a research note on Tuesday, October 10th. Canaccord Genuity restated a “buy” rating on shares of Crane in a research note on Friday, November 3rd. Seaport Global Securities upgraded Crane from a “neutral” rating to a “buy” rating and raised their price target for the company from $78.00 to $95.00 in a research note on Thursday, October 26th. Bank of America raised their price target on Crane from $90.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, Stifel Nicolaus raised their price target on Crane from $85.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $93.83.
In other Crane news, VP A D. Pantaleoni sold 4,650 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $83.11, for a total value of $386,461.50. Following the completion of the sale, the vice president now owns 1,076 shares of the company’s stock, valued at $89,426.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director E Thayer Bigelow sold 1,067 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $82.79, for a total value of $88,336.93. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,403 shares of company stock worth $1,896,288. 3.10% of the stock is owned by corporate insiders.
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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.
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