Crane (NYSE:CR) Sees Coverage Initiated By Buckingham with a $93 Price

Crane Co. (NYSE:CR) Logo

Investors sentiment decreased to 0.88 in Q3 2018. Its down 0.30, from 1.18 in 2018Q2. It worsened, as 32 investors sold Crane Co. shares while 104 reduced holdings. 44 funds opened positions while 76 raised stakes. 35.88 million shares or 1.66% more from 35.29 million shares in 2018Q2 were reported.

Salem Investment Counselors holds 0% or 300 shares in its portfolio. State Of Alaska Department Of Revenue reported 5,206 shares. Sigma Planning Corporation invested in 0.02% or 3,873 shares. Virginia Retirement Et Al has 16,900 shares. Strs Ohio owns 4,282 shares. Credit Suisse Ag owns 55,538 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt owns 10,292 shares. Ubs Asset Mngmt Americas owns 0% invested in Crane Co. (NYSE:CR) for 49,956 shares. Voya Inv Management Limited Liability Com invested in 69,117 shares or 0.01% of the stock. Earnest Ltd Liability Com owns 20 shares for 0% of their portfolio. Janney Montgomery Scott Ltd reported 0% stake. Schwab Charles Invest Incorporated stated it has 0.03% of its portfolio in Crane Co. (NYSE:CR). Gamco Investors Et Al holds 1.49% or 2.24 million shares in its portfolio. Brown Advisory Inc reported 0% stake. State Treasurer State Of Michigan reported 18,732 shares.

Since July 26, 2018, it had 1 buy, and 5 selling transactions for $2.71 million activity. 3,000 shares were sold by Curran Brendan, worth $273,220. Another trade for 3,000 shares valued at $279,255 was sold by SALOVAARA KRISTIAN ROBERT. Pinkham Louis V. sold $409,860 worth of stock. $36,249 worth of Crane Co. (NYSE:CR) was bought by TULLIS JAMES L L.

Why Has Buckingham Given Crane (NYSE:CR) a $93 Price Target

Buckingham has just issued a “Buy” rating for Crane (NYSE:CR) shares. The firm has started coverage on shares of CR in a note made public on Tuesday morning. This PT means upside of 20.20 % from the previous stock close of Crane (NYSE:CR).

Crane Co. (NYSE:CR) Ratings Coverage

Among 2 analysts covering Crane (NYSE:CR), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Crane has $117 highest and $105 lowest target. $111’s average target is 43.47% above currents $77.37 stock price. Crane had 2 analyst reports since August 30, 2018 according to SRatingsIntel. Stifel Nicolaus maintained Crane Co. (NYSE:CR) rating on Monday, October 8. Stifel Nicolaus has “Buy” rating and $117 target. On Thursday, August 30 the stock rating was maintained by UBS with “Buy”.

The stock decreased 1.09% or $0.85 during the last trading session, reaching $77.37. About 309,979 shares traded. Crane Co. (NYSE:CR) has declined 9.85% since December 12, 2017 and is downtrending. It has underperformed by 9.85% the S&P500.

Analysts await Crane Co. (NYSE:CR) to report earnings on February, 4. They expect $1.54 EPS, up 30.51 % or $0.36 from last year’s $1.18 per share. CR’s profit will be $91.56M for 12.56 P/E if the $1.54 EPS becomes a reality. After $1.62 actual EPS reported by Crane Co. for the previous quarter, Wall Street now forecasts -4.94 % negative EPS growth.

Crane Co. manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company has market cap of $4.60 billion. The companyÂ’s Fluid Handling segment provides process valves and related products, such as on/off valves and related products for critical and demanding applications in the chemical, gas and oil, power, non-residential construction, and general industrial end markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets. It has a 21.64 P/E ratio. This segment offers its products under the Crane, Saunders, Jenkins, Pacific, Xomox, Krombach, DEPA, ELRO, REVO, Flowseal, Centerline, Resistoflex, Duochek, Barksdale, WTA, Deming, Weinman, Burks, and Barnes trade names.

Crane Co. (NYSE:CR) Institutional Positions Chart

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