Crane (CR) Getting Somewhat Positive Press Coverage, Accern Reports
Media coverage about Crane (NYSE:CR) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Crane earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave press coverage about the conglomerate an impact score of 46.7954749904566 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- The Latest: Nude suspect sits on Los Angeles harbor crane (nzherald.co.nz)
- Man Falls To Death From Port Of L.A. Crane After Hours-Long Chase And Standoff (laist.com)
- Man falls from crane, dies after police chase (cbs46.com)
- Car Thief Climbs Crane, Strips Naked at Port of Los Angeles in WILD Police Chase Caught on Camera (gcaptain.com)
- Suspected car thief who led police in high-speed pursuit falls off port crane to his death (ibtimes.co.uk)
Crane (NYSE CR) traded down 2.36% during mid-day trading on Thursday, hitting $73.37. The company had a trading volume of 253,855 shares. The firm has a market capitalization of $4.37 billion, a P/E ratio of 33.43 and a beta of 1.10. The company has a 50-day moving average price of $78.67 and a 200 day moving average price of $76.76. Crane has a 12 month low of $59.81 and a 12 month high of $84.34.
Crane (NYSE:CR) last issued its quarterly earnings data on Monday, July 24th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.17. The business had revenue of $702.50 million during the quarter, compared to analysts’ expectations of $702.53 million. Crane had a return on equity of 20.57% and a net margin of 4.79%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 EPS. Equities analysts forecast that Crane will post $4.47 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 31st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.32 dividend on an annualized basis and a yield of 1.80%. Crane’s payout ratio is 60.83%.
CR has been the topic of a number of recent research reports. Canaccord Genuity raised Crane from a “hold” rating to a “buy” rating and increased their target price for the company from $78.00 to $92.00 in a report on Tuesday, May 16th. TheStreet raised Crane from a “c+” rating to a “b+” rating in a report on Monday, April 24th. Zacks Investment Research raised Crane from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research note on Monday, July 17th. ValuEngine raised Crane from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $90.00 price objective (up previously from $82.00) on shares of Crane in a research note on Monday, May 1st. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $76.88.
In related news, VP Kristian Robert Salovaara sold 9,200 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $76.20, for a total value of $701,040.00. Following the completion of the transaction, the vice president now 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.10% of the company’s stock.
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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