Last Updated: 16 Sep 2024
Executive Summary
Crane Company (CR) is a leading manufacturer of industrial engineering products with a market capitalization of $8.75 billion. The company has experienced steady growth in recent quarters, with quarterly earnings and revenue growing by 0.56% and 0.14% year-over-year, respectively. Despite a challenging economic environment, analysts remain bullish on Crane's long-term prospects, with a consensus analyst target price of $169.43.
Company Overview
Crane Co. manufactures and sells a wide range of industrial engineering products, including valves, pumps, and filtration systems. The company operates in various industries, including energy, aerospace, and construction. Crane is headquartered in Stamford, Connecticut, and has a global presence with operations in over 150 countries.
Fundamental Analysis
Crane Company's financial performance has been solid in recent years. The company has consistently reported positive earnings and revenue growth. In the latest quarter, Crane reported diluted EPS of $4.14, a 0.56% increase year-over-year. Revenue for the quarter was $2.21 billion, up 0.14% from the same period last year. Crane's gross profit margin is 60.7%, and its operating margin is 16.6%. The company has a strong balance sheet with $1.3 billion in cash and equivalents and $2.7 billion in total debt.
Technical Analysis
Crane's stock price has been trending higher in recent months. The stock is currently trading at $152.92, above its 50-day and 200-day moving averages. The relative strength index (RSI) is 62.5, indicating that the stock is slightly overbought. The moving average convergence divergence (MACD) is above the signal line, indicating a bullish trend.
Short Term Outlook
In the short term, Crane's stock price could experience some volatility due to macroeconomic factors and market sentiment. However, the company's strong fundamentals and positive analyst sentiment suggest that the stock is likely to continue trending higher.
Long Term Outlook
Analysts are bullish on Crane's long-term prospects. The company is a leader in its industry, has a strong balance sheet, and is well-positioned to benefit from the growing demand for industrial engineering products. Analysts expect Crane to continue to grow its earnings and revenue in the coming years.
Analyst Recommendations
The consensus analyst recommendation for Crane Company is "Buy." Two analysts rate the stock as "Strong Buy," five rate it as "Buy," one rates it as "Hold," and none rate it as "Sell" or "Strong Sell." The median analyst target price is $169.43, which represents an upside potential of approximately 10.7% from the current stock price.
