UBS Maintains a 'Buy' on Crane (CR); Q2 Review; Outlook Stable
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Price: $218.34 -0.32%
Rating Summary:
20 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
20 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on Crane (NYSE: CR) price target of $45.00.
Last night, Crane reported Q2 earnings of $0.96, beating estimates by $0.02. Revenues missed by about $20 million ($657M vs. $677M). Crane adjusted its FY12 EPS outlook from $3.75-3.95 to $3.75 to $3.85.
"Sales from continuing operations for 2012 are expected to increase 4-5% driven by a core sales increase of 6-7% and sales related to the WTA acquisition of less than 1%, partially offset by unfavorable foreign exchange of approximately 2% . The revised full year sales guidance reflects strong first half sales growth in Fluid Handling and Aerospace and a stable outlook for the second half."
For an analyst ratings summary and ratings history on Crane click here. For more ratings news on Crane click here.
Shares of Crane closed at $37.36 yesterday.
Last night, Crane reported Q2 earnings of $0.96, beating estimates by $0.02. Revenues missed by about $20 million ($657M vs. $677M). Crane adjusted its FY12 EPS outlook from $3.75-3.95 to $3.75 to $3.85.
"Sales from continuing operations for 2012 are expected to increase 4-5% driven by a core sales increase of 6-7% and sales related to the WTA acquisition of less than 1%, partially offset by unfavorable foreign exchange of approximately 2% . The revised full year sales guidance reflects strong first half sales growth in Fluid Handling and Aerospace and a stable outlook for the second half."
For an analyst ratings summary and ratings history on Crane click here. For more ratings news on Crane click here.
Shares of Crane closed at $37.36 yesterday.
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