Crane Undervalued On Disappointment With The Banknote Business

Aggravate the Street at your own risk. That would seem to be a fairly logical takeaway from Crane’s (CR) recent results, as sell-side analysts and institutional investors seem increasingly frustrated, if not exasperated, by the unpredictability of the banknote business within Payment & Merchandising Technology. So much so, in fact, that I think the Street is overlooking what has been a pretty decent performance trajectory in the Fluid Handling business and improving fundamentals and outlook for the Aerospace business.

Going into 2020, Crane looks like one of the few industrials I follow that is actually notably undervalued. I see some risk/likelihood that the Fluid Handling business slows in 2020, but I think this is a name to consider as an overly-beaten down multi-industrial.

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Crane Undervalued On Disappointment With The Banknote Business