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

In a report released yesterday, Ronald Epstein from Bank of America Securities maintained a Buy rating on Crane Company, with a price target of $225.00. The company’s shares closed yesterday at $200.68.

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According to TipRanks, Epstein is a top 100 analyst with an average return of 21.8% and a 69.17% success rate. Epstein covers the Industrials sector, focusing on stocks such as Boeing, L3Harris Technologies, and Northrop Grumman.

In addition to Bank of America Securities, Crane Company also received a Buy from TipRanks – PerPlexity’s PerPlexity Industrial – Machinery in a report issued on February 22. However, on the same day, TipRanks – xAI downgraded Crane Company (NYSE: CR) to a Hold.

Based on Crane Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $581 million and a net profit of $81.7 million. In comparison, last year the company earned a revenue of $544.1 million and had a net profit of $81 million

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CR in relation to earlier this year. Earlier this month, Jason D. Feldman, the SVP, IR, Treasury & Tax of CR sold 2,693.00 shares for a total of $543,851.35.