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Crane Company (CR) Receives a Rating Update from a Top Analyst

Tipranks - Tipranks - Thu Jan 1, 6:40AM CST

In a report released yesterday, Nathan Jones from Stifel Nicolaus maintained a Hold rating on Crane Company, with a price target of $200.00. The company’s shares closed yesterday at $187.59.

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According to TipRanks, Jones is a top 100 analyst with an average return of 21.8% and a 73.71% success rate. Jones covers the Industrials sector, focusing on stocks such as Parker Hannifin, Curtiss-Wright, and ITT.

Currently, the analyst consensus on Crane Company is a Strong Buy with an average price target of $218.75.

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Based on Crane Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $589.2 million and a net profit of $91.4 million. In comparison, last year the company earned a revenue of $597.2 million and had a net profit of $77.3 million

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