Crane Co T.CR

Primary Symbol: CR Alternate Symbol(s): CXT

Technology Scientific & Technical Instruments

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.

NYSE:CR - Post by User

Crane Co > Downgrade

<< Previous

Bullboard Posts

Next >>

Comment by uwebb429on Apr 19, 2023 12:58pm

132 Views

Post# 35403315

RE:Downgrade

Desjardins expects CR cash flow per share to drop 20%. That is probably why National Bank decided to reduce their price target a similar amount.

What everyone sees is a natural gas market that is flooded. LNG Canada should start shipping gas but probably not until early 2025. That will help stabilize the price of natural gas in Canada but that is still a long ways off.

The hedges some companies have is helping right now. When those expire, if AECO is still in the $2.00 to $2.50 range, that is going to cause some cash flow pain. Can only hope for a winter that is the complete opposite of the winter we had last year.

<< Previous

Bullboard Posts

Next >>

E3 inches closer to Alberta's first lithium production plant