Crane (CR) Getting Somewhat Favorable News Coverage, Analysis Shows
Headlines about Crane (NYSE:CR) have been trending somewhat positive on Monday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Crane earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news articles about the conglomerate an impact score of 46.7920904864668 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s rankings:
- Manitex (MNTX) Picks Fallsway Equipment as Cranes Dealer (nasdaq.com)
- Egypt Construction Equipment Rental Market Competition Forecast & Opportunities, 2022 – Diesel Genset, Crane, Excavator, Wheel Loader, Bulldozer, Motor Grader & Telescopic … (businesswire.com)
- Gor Mahia, Uganda Cranes legend Timothy Ayieko dies (nation.co.ke)
- Global Crane Industry 2017 Market Research Report (reports.pr-inside.com)
- Workie tells of frantic rush to help colleague who was killed by crane while working on new Queensferry Crossing (thescottishsun.co.uk)
Crane (NYSE:CR) traded up $0.21 on Monday, hitting $82.50. The company had a trading volume of 140,781 shares, compared to its average volume of 319,578. The firm has a market cap of $4,910.00, a PE ratio of 18.83, a P/E/G ratio of 1.80 and a beta of 1.17. 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 has a 1-year low of $67.62 and a 1-year high of $86.67.
Crane (NYSE:CR) last released its quarterly earnings results on Monday, October 23rd. The conglomerate reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $695.90 million for the quarter, compared to analysts’ expectations of $679.77 million. Crane had a return on equity of 20.70% and a net margin of 4.96%. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. equities analysts expect that Crane will post 4.53 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Wednesday, November 29th. Crane’s dividend payout ratio (DPR) is presently 58.93%.
Several equities analysts have issued reports on CR shares. BidaskClub cut Crane from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. Zacks Investment Research cut Crane from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. ValuEngine upgraded Crane from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Wolfe Research upgraded Crane from a “market perform” rating to an “outperform” rating in a research report on Monday, August 14th. Finally, Bank of America Corporation boosted their target price on Crane from $90.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Crane currently has a consensus rating of “Buy” and an average target price of $92.14.
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In other Crane news, VP Augustus I. Dupont sold 11,130 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $86.28, for a total transaction of $960,296.40. Following the sale, the vice president now owns 84,116 shares in the company, valued at approximately $7,257,528.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director E Thayer Bigelow sold 6,000 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $73.73, for a total value of $442,380.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,403 shares of company stock worth $2,856,878. 3.10% of the stock is owned by 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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