Canaccord Genuity analyst Kenneth Herbert maintained a Buy rating on Crane Company (NYSE:CR) on Thursday, setting a price target of $96, which is approximately 12.24% above the present share price of $85.53.
Herbert expects Crane Company to post earnings per share (EPS) of $0.81 for the first quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Crane Company, with an average price target of $92.
The analysts price targets range from a high of $97 to a low of $80.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $726.4 million and a net profit of $58.9 million. The company's market cap is $4.97 billion.
According to TipRanks.com, Canaccord Genuity analyst Kenneth Herbert is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 29.1% and a 72.97% success rate.
Crane Co. engages in the manufacturing of engineered industrial products. It operates through the following business segments: Fluid Handling; Payment and Merchandising Technologies; Aerospace and Electronics; and Engineered Materials. The Fluid Handling segment provides industrial fluid control products and systems. The Payment and Merchandising Technologies segment comprises of Crane Payment Innovations and Merchandising Systems. The Aerospace and Electronics segment supplies components and systems, including original equipment and aftermarket parts, primarily for the commercial and military aerospace, and defense and space markets. The Engineered Materials segment manufactures fiberglass-reinforced plastic (FRP) panels and coils, primarily for use in the manufacturing of recreational vehicles, truck bodies, truck trailers, with additional applications in commercial and industrial buildings. The company was founded by Richard Teller Crane on July 4, 1855 and is headquartered in Stamford, CT.