Crane Company (NYSE:CR) saw a downside of -2.57% to close Friday at $84.28 after subtracting -$2.22 on the day. The 5-day average trading volume is 273,500 shares of the company’s common stock. It has gained $90.11 in the past week and touched a new high 1 time within the past 5 days. An average of 253,730 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 332,404.
CR’s 1-month performance is -9.10% or -$8.36 on its low of $84.11 reached on 08/18/23. The company’s shares have touched a 52-week low of $67.28 and high of $95.21. However, the current price is down -11.48% from the 52-week high price.
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Insider Transactions
CR stock investors last saw insider trading activity on May 15.MITCHELL MAX H (President and CEO) most recently sold 37,495 shares at $76.48 per share on May 15. This transaction cost the insider $2,867,684. V.P. Treasury & Tax, Switter Edward S, sold 49,409 shares at a price of $119.88 on Feb 28. Then, on Feb 07, Senior Vice President Gallo Kurt F. sold 8,263 shares at a price of $119.03 per share. This transaction amounted to $983,545.
Valuation Metrics
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.47 while the price-to-book (PB) in the most recent quarter is 3.87.
Crane Company’s quick ratio for the period ended June 29 was 1.70, with the current ratio over the same period at 2.60. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.21, while the total debt to equity was 0.21. In terms of profitability, the gross margin trailing 12 months is 37.80%. The trailing 12-month EBITDA margin is 13.48% while for the period ending June 29, Crane Company’s operating margin was 5.30%. The firm’s gross profit as reported stood at $1.34 billion against revenue of $3.37 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -30.92% to $45.6 million, while revenue of $61.8 million was -35.53% off the previous quarter. Analysts expected CR to announce $0.93 per share in earnings in its latest quarter, but it posted $1.1, representing a 18.30% surprise. EBITDA for the quarter stood at more than $73.1 million. CR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 941.5 million, with total debt at $262.3 million. Shareholders hold equity totaling $56.77 million.
Let’s look briefly at Crane Company (CR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 20.75% to suggest the stock is trending oversold, with historical volatility in this time period at 11.54%.
The stock’s 5-day moving average is $87.11, reflecting a -6.65% or -$6.00 change from its current price. CR is currently trading -8.26% above its 20-day SMA. However, the stock’s current price level is away from the SMA50 by +4.92%.
Stochastic %K and %D was 2.02% and 3.76% and the average true range (ATR) pointed at 1.90. The RSI (14) points at 31.62%, while the 14-day stochastic is at 1.70% with the period’s ATR at 2.01. The stock’s 9-day MACD Oscillator is pointing at -2.29 and -3.47 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Crane Company (NYSE: CR), DA Davidson launched coverage with a Buy rating. Analysts offering their rating for CR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CR as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is CR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $82.00 and a high of $107.00, with their median price target at $104.00. Looking at these predictions, the average price target given by analysts is for Crane Company (CR) stock is $97.67.
