Somewhat Positive News Coverage Somewhat Unlikely to Affect Crane (CR) Share Price
News articles about Crane (NYSE:CR) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative press 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 one, with scores closest to one being the most favorable. Crane earned a news impact score of 0.20 on Accern’s scale. Accern also gave press coverage about the conglomerate an impact score of 46.5943329491419 out of 100, meaning that recent press 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 effected Accern Sentiment’s rankings:
- Reviewing Crane (CR) & Newport Corp (NEWP) (americanbankingnews.com)
- Port of Virginia orders four new cranes (americanshipper.com)
- Port of Virginia contract will add supersized cargo cranes to Virginia International Gateway (pilotonline.com)
- Crane Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024 (sbwire.com)
- Former Crane Bank staff to sue dfcu (monitor.co.ug)
Crane (NYSE:CR) opened at 73.89 on Wednesday. Crane has a one year low of $59.81 and a one year high of $84.34. The firm has a 50-day moving average of $78.34 and a 200-day moving average of $76.80. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 33.66 and a beta of 1.10.
Crane (NYSE:CR) last announced its quarterly earnings results on Monday, July 24th. The conglomerate reported $1.17 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.17. Crane had a net margin of 4.79% and a return on equity of 20.57%. The company had revenue of $702.50 million for the quarter, compared to analyst estimates of $702.53 million. During the same quarter in the prior year, the business posted $1.21 EPS. Crane’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts anticipate that Crane will post $4.47 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.32 annualized dividend and a dividend yield of 1.79%. Crane’s dividend payout ratio (DPR) is 60.83%.
A number of equities analysts have weighed in on CR shares. Canaccord Genuity upgraded shares of Crane from a “hold” rating to a “buy” rating and lifted their price target for the company from $78.00 to $92.00 in a report on Tuesday, May 16th. Zacks Investment Research upgraded shares of Crane from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Monday, July 17th. ValuEngine upgraded shares of Crane from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $90.00 target price (up previously from $82.00) on shares of Crane in a report on Monday, May 1st. Finally, Stifel Nicolaus lifted their target price on shares of Crane from $80.00 to $84.00 and gave the company a “hold” rating in a report on Wednesday, April 26th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Crane has an average rating of “Buy” and a consensus target price of $76.88.
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In related news, VP Kristian Robert Salovaara sold 9,200 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $76.20, for a total transaction of $701,040.00. Following the completion of the sale, the vice president now directly owns 24,786 shares of the company’s stock, valued at approximately $1,888,693.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.10% of the stock is currently owned by corporate insiders.
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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