Crane Company (CR) Gets a Buy from D.A. Davidson

D.A. Davidson analyst Matt Summerville reiterated a Buy rating on Crane Company today and set a price target of $235.00.

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According to TipRanks, Summerville is a 5-star analyst with an average return of 17.1% and a 57.53% success rate. Summerville covers the Industrials sector, focusing on stocks such as Crane NXT, Columbus Mckinnon, and Nordson.

In addition to D.A. Davidson, Crane Company also received a Buy from TipRanks – PerPlexity’s PerPlexity Industrial – Machinery in a report issued yesterday. However, on the same day, TipRanks – Google 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.