Crane Co
CR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$847.00 | Xyclyzv | Vshmmgzb |
Crane Earnings: Expecting Aerospace & Electronics To Carry Solid Momentum Into 2024
Narrow-moat-rated Crane finished 2023 on a strong note, as its full-year sales of $2.09 billion and adjusted EPS of $4.29 both came in above our expectations of $2.08 billion and $4.20, respectively. After rolling our model forward one year, we've raised our fair value estimate to $100 from $92, driven by our slightly more optimistic midcycle operating margin expectations as well as time value of money.