$CR

4 stories mentioning CRUpdated 41d ago

Every FINWIRES story that references CR, newest first.

Research Alert: CFRA Reiterates Buy Rating On Shares Of Crane Company

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target to $235 from $220 following CR's Q1 earnings print, valuing shares at 30x our 2027 EPS outlook of $7.85 (in line with previous forecast; 2026 EPS estimate revised to $6.85 from $6.70). We continue to see upside in shares as OEM sales pick up, along with improving aircraft production rates and as CR leverages its solid balance sheet to acquire and integrate attractive M&A targets (leverage ratio ~1.4x). The Aerospace continued to see strong order flows, with core backlog rising 14% Y/Y as a direct result. Commercial aftermarket sales were a point of concern in Q1 given the spike in oil prices, though we believe growth will eventually reaccelerate in this market given still-elevated utilization rates of aging fleets. Growth in Process Flow Tech was muted in Q1, though organic orders were encouraging as growth markets (pharma, cyro, power generation) support overall demand. We reiterate our Buy opinion on CR shares.

$CR

Research53d ago

Stifel Upgrades Crane to Buy From Hold, Adjusts Price Target to $215 From $200

Crane (CR) has an average rating of overweight and mean price target of $224, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$CR

Research55d ago

Research Alert: Crane Tops Q1 Earnings; Oe Sales Acceleration Continues

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CR delivered strong Q1 results with EPS of $1.65 (up 15% Y/Y), beating consensus expectations of $1.45. The outperformance prompted CR to raise full-year adjusted EPS guidance to $6.65-$6.85 from $6.55-$6.75, representing 12% growth at the midpoint. We attribute the beat and raise to successful integration of recent acquisitions and organic sales expansion within OE aerospace equipment. Aerospace remained the primary growth driver with 9.4% core sales growth to $318M, supported by 16% OEM growth and 14% backlog expansion reflecting favorable aircraft production ramp-ups. Process Flow Tech showed mixed results with a 0.6% organic sales decline offset by strong acquisition contributions, bringing total segment sales to $378M. We're encouraged by M&A activity following divestitures and believe CR's aerospace expansion will fuel additional earnings growth, though we expect near-term margin dilution before cost synergies materialize.

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Wire55d ago

Crane Names Alex Alcala Chief Executive

Crane (CR) said Monday that Alex Alcala has stepped into the role of president and chief executive officer, succeeding Max Mitchell, who has assumed the role of executive chairman.The succession plan became effective this Monday.Alcala has been with Crane for 13 years and has played a meaningful role in shaping its strategy, portfolio, and execution, the company added.Price: $181.36, Change: $+1.27, Percent Change: +0.71%

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