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On Wednesday, Stifel analysts increased the price target for Crane Co. (NYSE:CR) shares to $150.00, up from the previous target of $144.00, while maintaining a Hold rating on the stock. The adjustment comes after Crane delivered another robust quarterly performance, particularly noting the exceptional margin results in its Aerospace & Electronics (A&E) segment.
The analysts acknowledged the company’s strong quarter, citing that Crane’s management had indicated the potential to surpass prior financial guidance before the new tariffs came into effect. These tariffs include a significant 145% duty on imports from China, which is expected to primarily affect Crane’s Process Flow Technologies (PFT) segment.
The price adjustment necessary to counterbalance the impact of the tariffs on the PFT segment is substantial, according to the Stifel analysts. Despite the potential challenges posed by the tariffs, the firm’s stance on Crane shares remains unchanged, with a continued recommendation to hold.
Crane’s management team, during their earnings call, reiterated their confidence in the company’s trajectory. They believe that, if not for the tariffs, the company’s performance would have been poised to exceed the forecasts previously set.
The Stifel analysts’ announcement of the new price target reflects their recognition of Crane’s strong quarter and margin performance, while also considering the external economic factors that could influence the company’s future financial results. The Hold rating suggests that the analysts see the current stock price as fairly valued based on their assessment of the company’s prospects and the prevailing market conditions. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with analyst targets ranging from $144 to $200. Discover more detailed insights and 12 additional ProTips for Crane in the comprehensive Pro Research Report.
In other recent news, Crane Co reported its first-quarter 2025 earnings, showcasing a strong performance with earnings per share (EPS) of $1.39, surpassing the projected $1.27. Although revenue slightly missed expectations, coming in at $557.6 million against a forecast of $564 million, the company’s core sales grew by 7.5%. The Aerospace & Electronics segment was a significant contributor to this growth, with new contracts secured in both commercial and defense markets. Crane Co’s backlog reached a record $1.35 billion, indicating robust future demand. The company maintains a strong balance sheet with $188 million in net cash and a $1.5 billion debt capacity, which positions it well for potential mergers and acquisitions. DA Davidson reaffirmed its Buy rating for Crane, setting a $200 price target, and highlighted the company’s strategic growth opportunities. Crane reiterated its full-year 2025 EPS guidance, projecting between $5.30 and $5.60, anticipating mid-to-high single-digit core sales growth in key segments. The firm remains optimistic about its strategic direction and operational capabilities, despite external economic uncertainties.
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