On November 20, 2023, Jeffrey Sprague, an esteemed analyst at Vertical Research, commenced coverage on Crane (NYSE: CR) with a Hold rating. In his evaluation, Sprague established a price target of $110 for the stock, signifying his belief that it will exhibit performance on par with the market. The recommendation is grounded in the analyst’s meticulous assessment of both the company’s performance and prevailing market conditions.
Crane Company
CR
Strong Buy
Updated on: 04/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
CR Stock Analysis: Strong Trading Volume and Solid Financials Drive Optimism for Investors
On November 20, 2023, CR stock opened at $105.53 and fluctuated between a low of $105.53 and a high of $107.61. The trading volume reached 238,098 shares, higher than the average volume of 206,289 shares over the past three months. CR has a market capitalization of $6.0 billion. It is worth noting that CR reported an annual revenue of $2.0 billion and an annual profit of $199.8 million in the last year, with a net profit margin of 9.82%. CR’s next reporting date is scheduled for February 28, 2024, and the EPS forecast for the current quarter is $0.86.
Promising Signs for Investors: CR Stock Performance on November 20, 2023
CR stock performances on November 20, 2023, showed promising signs for investors. According to data from CNN Money, Crane Co had six analysts offering 12-month price forecasts. The median target price was $111.50, with a high estimate of $124.00 and a low estimate of $97.00. This indicates a potential increase of 4.13% from the last price of $107.08.
Furthermore, eight investment analysts were polled, and the current consensus among them was to buy stock in Crane Co. This rating has remained unchanged since October, indicating a consistent positive sentiment towards the company’s performance.
Crane Co reported earnings per share of $0.86 for the current quarter, with sales reaching $502.5 million. These figures highlight the company’s strong financial position and its ability to generate revenue.
Looking ahead, investors can anticipate the release of Crane Co’s next earnings report on February 28. This will provide further insights into the company’s performance and may impact its stock price.
Overall, the data suggests that Crane Co is a favorable investment option. With analysts predicting a potential increase in stock price and a consensus recommendation to buy, investors may consider adding Crane Co to their portfolios. However, it is important to conduct thorough research and consider personal investment goals and risk tolerance before making any investment decisions.
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