Why Crane Company (NYSE:CR) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $5.84 on Crane Company (NYSE:CR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $-0.17 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Crane Company (NYSE:CR) stands at 14.93.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Crane Company Common Stock, the PEG ratio for coming 3-5 years is -0.78.

Technical Analysis

The technical analysis highlights that Crane Company Common Stock current is trading $-1.74 points away or -2.72% from its 50-day moving average of $63.84. Further it is trading $4.64 or +8.07% away its 200-day moving average of $57.46.

The 52-week high of Crane Company (NYSE:CR) was $65.88 while lowest point recorded in 52-week was $41.68. It implies if stock price makes a movement of over $-3.78, it will record a new 52-week high. In the case of +48.99% drop, it will touch a new 52-week low.

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