Crown (NYSE:CCK) PT Raised to $112.00 at Barclays

Crown (NYSE:CCK) had its price objective increased by stock analysts at Barclays from $100.00 to $112.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. Barclays‘s price objective points to a potential upside of 16.47% from the company’s previous close.

A number of other equities analysts have also recently commented on CCK. Bank of America lifted their target price on Crown from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $105.00 price objective on shares of Crown in a research report on Tuesday, September 24th. Robert W. Baird lifted their price target on shares of Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday. Mizuho set a $110.00 price objective on shares of Crown in a research report on Friday. Finally, Loop Capital upped their target price on Crown from $106.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $106.00.

Crown Stock Down 0.2 %

NYSE CCK opened at $96.16 on Monday. The stock has a 50 day moving average price of $92.07 and a 200-day moving average price of $84.72. Crown has a one year low of $69.61 and a one year high of $98.46. The company has a market capitalization of $11.61 billion, a P/E ratio of 27.71, a P/E/G ratio of 2.19 and a beta of 0.86. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.73 and a current ratio of 1.05.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, July 22nd. The industrial products company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.22. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Crown had a net margin of 3.68% and a return on equity of 23.96%. The business’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the company posted $1.68 EPS. As a group, equities analysts predict that Crown will post 6.15 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $93.00, for a total value of $697,500.00. Following the completion of the transaction, the chief executive officer now directly owns 571,178 shares in the company, valued at $53,119,554. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $93.00, for a total value of $697,500.00. Following the transaction, the chief executive officer now directly owns 571,178 shares of the company’s stock, valued at approximately $53,119,554. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James H. Miller sold 1,006 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $95.60, for a total value of $96,173.60. Following the sale, the director now owns 12,424 shares of the company’s stock, valued at approximately $1,187,734.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,506 shares of company stock valued at $2,116,899. 0.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Crown

Hedge funds and other institutional investors have recently modified their holdings of the business. Mather Group LLC. purchased a new stake in Crown in the 1st quarter valued at $32,000. Trivant Custom Portfolio Group LLC purchased a new position in Crown during the first quarter worth about $43,000. State of Michigan Retirement System grew its stake in shares of Crown by 1.7% in the 1st quarter. State of Michigan Retirement System now owns 29,400 shares of the industrial products company’s stock valued at $2,330,000 after buying an additional 500 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Crown by 1.7% during the 1st quarter. Principal Financial Group Inc. now owns 449,670 shares of the industrial products company’s stock worth $35,641,000 after buying an additional 7,651 shares during the last quarter. Finally, TFC Financial Management Inc. raised its position in shares of Crown by 50.5% during the 1st quarter. TFC Financial Management Inc. now owns 1,385 shares of the industrial products company’s stock valued at $110,000 after buying an additional 465 shares during the period. 90.93% of the stock is owned by hedge funds and other institutional investors.

About Crown

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.