Favorable Press Coverage Somewhat Likely to Affect Crane (CR) Stock Price
Media coverage about Crane (NYSE:CR) has been trending positive this week, according to AlphaOne. AlphaOne, a division of Accern, rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne 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 0.27 on AlphaOne’s scale. AlphaOne also gave news headlines about the conglomerate an impact score of 50 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted AlphaOne’s analysis:
- Crane’s New Media2 Vending Platform Features Video And Suggestive Selling (vendingtimes.com)
- HES Uses Straightpoint Load Shackle to Complete Monorail Crane Installation (ajot.com)
- Konecranes raises the level of the playing field for overhead crane safety (bizjournals.com)
- Crane Co. – Value Analysis (NYSE:CR) : April 17, 2017 (finance.yahoo.com)
- How to Add a Quick Release Plate to the Zhiyun-Tech Crane Gimbal (fstoppers.com)
Crane (NYSE:CR) traded up 0.07% on Tuesday, reaching $74.86. 107,698 shares of the company’s stock traded hands. Crane has a 52-week low of $53.40 and a 52-week high of $78.93. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 36.16 and a beta of 1.19. The stock’s 50 day moving average is $74.04 and its 200 day moving average is $71.84.
Crane (NYSE:CR) last posted its quarterly earnings data on Monday, January 30th. The conglomerate reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.04. The firm earned $681 million during the quarter, compared to analysts’ expectations of $664.63 million. Crane had a net margin of 4.47% and a return on equity of 20.23%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 EPS. On average, equities research analysts predict that Crane will post $4.44 EPS for the current fiscal year.
Several research firms recently commented on CR. Seaport Global Securities lowered shares of Crane from an “accumulate” rating to a “neutral” rating and increased their target price for the company from $71.00 to $72.00 in a research note on Wednesday, February 1st. Zacks Investment Research upgraded shares of Crane from a “sell” rating to a “hold” rating in a report on Thursday, February 2nd. Oppenheimer Holdings Inc. upgraded shares of Crane from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a report on Wednesday, February 1st. They noted that the move was a valuation call. TheStreet lowered shares of Crane from a “b+” rating to a “c+” rating in a report on Tuesday, January 31st. Finally, Boenning Scattergood lowered shares of Crane from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 31st. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Crane currently has an average rating of “Hold” and an average target price of $68.08.
In other Crane news, Director James L. L. Tullis sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $74.37, for a total value of $148,740.00. Following the completion of the sale, the director now owns 2,110 shares in the company, valued at approximately $156,920.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Louis V. Pinkham sold 34,948 shares of the firm’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $75.08, for a total transaction of $2,623,895.84. Following the completion of the sale, the insider now owns 24,611 shares of the company’s stock, valued at approximately $1,847,793.88. The disclosure for this sale can be found here. Insiders sold a total of 69,487 shares of company stock valued at $5,158,880 in the last 90 days. Corporate insiders own 3.00% of the company’s stock.
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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