Seaport Global Remains a Buy on Crane Company (CR)


In a report released yesterday, Walter Liptak from Seaport Global reiterated a Buy rating on Crane Company (CR), with a price target of $105. The company’s shares closed yesterday at $82.82.

According to TipRanks.com, Liptak is a 4-star analyst with an average return of 3.5% and a 51.7% success rate. Liptak covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Columbus Mckinnon Corp, and John Bean Technologies.

Crane Company has an analyst consensus of Strong Buy, with a price target consensus of $94.33, representing a 13.9% upside. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $100 price target.

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Crane Company’s market cap is currently $4.95B and has a P/E ratio of 15.06. The company has a Price to Book ratio of 3.24.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2018, Kristian Robert Salovaara, the VP BD of CR sold 13,367 shares for a total of $1,196,614.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Crane Co. engages in the manufacture of engineered industrial products. It operates through the following business segments: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials.

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