Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Crane (CR) Share Price

News headlines about Crane (NYSE:CR) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Crane earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned news stories about the conglomerate an impact score of 45.7527617446082 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted Accern’s scoring:

Crane (CR) opened at $93.13 on Friday. The firm has a market capitalization of $5,550.00, a price-to-earnings ratio of 41.58, a P/E/G ratio of 1.80 and a beta of 1.17. Crane has a 52-week low of $67.62 and a 52-week high of $93.59. The company has a current ratio of 2.66, a quick ratio of 1.96 and a debt-to-equity ratio of 0.54.

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

Several research analysts recently weighed in on CR shares. AltaCorp Capital reissued a “buy” rating on shares of Crane in a research report on Monday, January 15th. Scotiabank reissued a “buy” rating on shares of Crane in a research report on Tuesday, October 10th. Canaccord Genuity reissued a “buy” rating on shares of Crane in a research report on Friday, November 3rd. Seaport Global Securities raised Crane from a “neutral” rating to a “buy” rating and upped their price target for the company from $78.00 to $95.00 in a research report on Thursday, October 26th. Finally, Bank of America upped their price target on Crane from $90.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $95.83.

In other Crane news, Director E Thayer Bigelow sold 1,067 shares of the company’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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James L. L. Tullis sold 2,000 shares of the company’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 completion of the transaction, the director now directly owns 2,110 shares in the company, valued at $171,838.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,403 shares of company stock worth $1,896,288. Insiders own 3.10% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Crane (NYSE:CR)

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