Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Crane Co before investing.

In this article, we go over a few key elements for understanding Crane Co’s stock price such as:

• Crane Co’s current stock price and volume
• Why Crane Co’s stock price changed recently
• Upgrades and downgrades for CR from analysts
• CR’s stock price momentum as measured by its relative strength

About Crane Co (CR)

Before we jump into Crane Co’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Crane Company is a manufacturer of engineered components for mission-critical applications focused on the aerospace, defense, space and process flow industry end markets. Its segments include Aerospace & Electronics, Process Flow Technologies, and Engineered Materials. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense and space markets. The Process Flow Technologies segment is a provider of engineered fluid handling equipment for critical applications. The Engineered Materials segment manufactures fiberglass-reinforced plastic panels and coils, primarily for use in the manufacturing of recreational vehicles, truck bodies and trailers (Transportation). It also designs and manufacturers multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications.

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Crane Co’s Stock Price as of Market Close

As of September 06, 2024, 4:00 PM, CST, Crane Co’s stock price was $142.24.

Crane Co is down 4.54% from its previous closing price of $149.00.

During the last market session, Crane Co’s stock traded between $148.26 and $150.70. Currently, there are 57.20 million shares of Crane Co stock available for purchase.

Crane Co’s price-earnings (P/E) ratio is currently at 35.8, which is high compared to the Industrial Machinery & Equipment industry median of 24.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Crane Co Stock Price History

Crane Co’s (CR) price is currently down 10.19% so far this month.

During the month of September, Crane Co’s stock price has reached a high of $157.91 and a low of $142.08.

Over the last year, Crane Co has hit prices as high as $162.34 and as low as $82.57.

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What Caused Crane Co Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 05, 2024, there were 0 analysts who downgraded Crane Co’s stock and 4 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Crane Co’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Crane Co’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Crane Co’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Crane Co (CR) by visiting AAII Stock Evaluator.

Relative Price Strength of Crane Co

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 05, 2024, Crane Co has a weighted four-quarter relative price strength of 7.63%, which translates to a Momentum Score of 84 and is considered to be Very Strong.

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Crane Co Stock Price: Bottom Line

As of September 6, 2024, Crane Co’s stock price is $142.24, which is down 4.54% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Crane Co stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.