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Crane's (CR) Growth Prospects Bright: Should You Buy?
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We issued an updated research report on Crane Co. (CR - Free Report) on Apr 4. The company specializes in manufacturing engineered industrial products. It currently has a $4.44 billion market capitalization.
Over the last three months, shares of Crane yielded 1.98% return, outperforming the gain of 0.03% recorded by the Zacks categorized Diversified Operations industry.
Over the long run, Crane seems well positioned to leverage benefits from its diversified product portfolio, large client base and organic and inorganic initiatives. Backed by these positives, the company aims at achieving 10% average annual earnings per share growth and free cash flow conversion of 100% or more of net income. Also, the company anticipates benefiting from increasing demand for productivity solutions in Payment & Merchandising Technologies segment, high growth aerospace programs in Aerospace & Electronics, recovering orders in Fluid Handling and strengthening end-markets in Engineered Materials.
In addition, Crane is committed toward rewarding its shareholders handsomely through dividend payments and share buybacks. Over the long term, the company targets achieving total payout ratio of 40−50%.
For 2017, Crane anticipates earnings in the range of $4.30−$4.55 per share, sales of $2,690 million and core sales growth of 0–2%. On a segmental basis, core sales are expected to increase 11% and 1% for the Payment & Merchandising Technologies and Engineered Materials segments, respectively.
Zacks Rank & Other Stocks to Consider
Crane currently carries a Zacks Rank #2 (Buy).
Some other stocks worth considering in the diversified operations industry include Leucadia National Corporation , 3M Company (MMM - Free Report) and Danaher Corporation (DHR - Free Report) . While Leucadia National sports a Zacks Rank #1 (Strong Buy), both 3M Company and Danaher Corporation carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Leucadia National Corporation’s earnings estimates for 2017 were revised upward in the last 60 days. Also, the company posted a positive earnings surprise of 60.87% in the last quarter.
3M Company’s earnings estimates for 2017 were revised upward in the last 60 days. Also, the company reported positive earnings surprise of 1.94% in the last quarter.
Danaher Corporation reported better-than-expected results in the last four quarters, with a positive average earnings surprise of 6.57%. Also, earnings estimates for 2018 increased over the last 60 days.
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Crane's (CR) Growth Prospects Bright: Should You Buy?
We issued an updated research report on Crane Co. (CR - Free Report) on Apr 4. The company specializes in manufacturing engineered industrial products. It currently has a $4.44 billion market capitalization.
Over the last three months, shares of Crane yielded 1.98% return, outperforming the gain of 0.03% recorded by the Zacks categorized Diversified Operations industry.
Over the long run, Crane seems well positioned to leverage benefits from its diversified product portfolio, large client base and organic and inorganic initiatives. Backed by these positives, the company aims at achieving 10% average annual earnings per share growth and free cash flow conversion of 100% or more of net income. Also, the company anticipates benefiting from increasing demand for productivity solutions in Payment & Merchandising Technologies segment, high growth aerospace programs in Aerospace & Electronics, recovering orders in Fluid Handling and strengthening end-markets in Engineered Materials.
In addition, Crane is committed toward rewarding its shareholders handsomely through dividend payments and share buybacks. Over the long term, the company targets achieving total payout ratio of 40−50%.
For 2017, Crane anticipates earnings in the range of $4.30−$4.55 per share, sales of $2,690 million and core sales growth of 0–2%. On a segmental basis, core sales are expected to increase 11% and 1% for the Payment & Merchandising Technologies and Engineered Materials segments, respectively.
Zacks Rank & Other Stocks to Consider
Crane currently carries a Zacks Rank #2 (Buy).
Some other stocks worth considering in the diversified operations industry include Leucadia National Corporation , 3M Company (MMM - Free Report) and Danaher Corporation (DHR - Free Report) . While Leucadia National sports a Zacks Rank #1 (Strong Buy), both 3M Company and Danaher Corporation carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Leucadia National Corporation’s earnings estimates for 2017 were revised upward in the last 60 days. Also, the company posted a positive earnings surprise of 60.87% in the last quarter.
3M Company’s earnings estimates for 2017 were revised upward in the last 60 days. Also, the company reported positive earnings surprise of 1.94% in the last quarter.
Danaher Corporation reported better-than-expected results in the last four quarters, with a positive average earnings surprise of 6.57%. Also, earnings estimates for 2018 increased over the last 60 days.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>