Analyst Expectations For Crane's Future
Portfolio Pulse from Benzinga Insights
Analyst ratings for Crane (NYSE:CR) have shown a positive trend over the past three months, with all four analysts giving bullish ratings. The average 12-month price target for Crane has been raised to $151.75, indicating a 13.04% increase from the previous target of $134.25. Crane's financial performance includes a revenue growth of 9.67% as of December 31, 2023, but it faces challenges with below-industry averages in net margin, ROE, and ROA. The company's debt management is seen as prudent with a low debt-to-equity ratio.
April 24, 2024 | 7:00 pm
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Analysts unanimously bullish on Crane, raising the average 12-month price target to $151.75, reflecting a positive outlook despite some financial challenges.
The unanimous bullish sentiment from analysts, coupled with the significant increase in the 12-month price target, suggests a strong positive outlook for Crane's stock in the short term. However, investors should also consider the company's below-industry performance in profitability and efficiency metrics.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100