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Zacks Investment Research downgraded Crane Co. (NYSE:CR) to Hold in a report released today.

Zacks Investment Research has downgraded Crane Co. (NYSE:CR) to Hold in a report released on Wednesday November 30, 2016.

Previously on 11/29/2016, Zacks Investment Research reported on Crane Co. (NYSE:CR) increased the target price from $0.00 to $84.00. At the time, this indicated a possible upside of 0.13%.

Yesterday Crane Co. (NYSE:CR) traded -0.35% lower at $74.36. The company’s 50-day moving average is $68.25 and its 200-day moving average is $62.46. The last closing price is up 17.67% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 527,905 shares of the stock traded hands, up from an average trading volume of 276,266

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Crane Co. (NYSE:CR)

Crane Co. has a PE ratio of 17.21 with a one year low of $41.68 and a one year high of $76.09 CR’s total market value is presently $0.

A total of 9 equity analysts have released a ratings update on CR. One equity analyst rating the company a strong buy, four equity analysts rating the company a buy, five equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $58.78.

Brief Synopsis About Crane Co. (NYSE:CR)

Crane Co. is a diversified manufacturer of engineered industrial products. The Company operates in four segments: 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. The Payment & Merchandising Technologies segment includes Crane Payment Innovations (CPI) and Merchandising Systems. The Aerospace & Electronics segment supplies various components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace and military aerospace, and defense markets. The Engineered Materials segment manufactures fiberglass-reinforced plastic (FRP) panels and coils, primarily for use in the manufacturing of recreational vehicles (RVs), truck bodies, truck trailers, with additional applications in commercial and industrial buildings.

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