Zacks Investment Research downgraded Crane Co. (NYSE:CR) to Hold in a statement released earlier today.
- Updated: September 27, 2016
Zacks Investment Research has downgraded Crane Co. (NYSE:CR) to Hold in a statement released on 09/27/2016.
Having a price of $62.21, Crane Co. (NYSE:CR) traded 0.68% higher on the day. With the last stock price up 6.34% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. CR has recorded a 50-day average of $63.77 and a two hundred day average of $58.44. Trade Volume was down over the average, with 124,687 shares of CR changing hands under the typical 246,388
With a total market value of $0, Crane Co. has price-earnings ratio of 14.94 with a one year low of $41.68 and a one year high of $65.88 .
A total of 9 analysts have released a report on Crane Co.. One analyst rating the company a strong buy, four analysts rating the company a buy, five analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $58.78.
More 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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