Analysts Set Crown Holdings, Inc. (NYSE:CCK) Price Target at $106.62

Shares of Crown Holdings, Inc. (NYSE:CCK) have received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $106.62.

A number of equities research analysts recently commented on the company. Citigroup increased their price target on Crown from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Barclays lifted their price target on Crown from $100.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Royal Bank of Canada increased their price objective on shares of Crown from $105.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Loop Capital boosted their target price on shares of Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company increased their price target on shares of Crown from $97.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st.

Insiders Place Their Bets

In other news, COO Gerard H. Gifford sold 10,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total value of $958,900.00. Following the completion of the sale, the chief operating officer now owns 114,402 shares of the company’s stock, valued at approximately $10,970,007.78. The trade was a 8.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction that occurred 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 sale, 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 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $2,381,875 over the last 90 days. Insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Crown by 110.9% during the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 163 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Crown by 2.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock worth $894,000 after purchasing an additional 183 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Crown by 3.8% in the 3rd quarter. M&T Bank Corp now owns 5,013 shares of the industrial products company’s stock worth $481,000 after purchasing an additional 185 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Crown by 5.4% in the second quarter. CIBC Asset Management Inc now owns 4,079 shares of the industrial products company’s stock worth $303,000 after purchasing an additional 209 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Crown by 6.7% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,539 shares of the industrial products company’s stock valued at $339,000 after purchasing an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Stock Up 0.0 %

Shares of Crown stock opened at $83.19 on Thursday. Crown has a 52-week low of $69.61 and a 52-week high of $98.46. The stock has a 50-day simple moving average of $90.50 and a 200-day simple moving average of $87.50. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84. The firm has a market cap of $9.95 billion, a price-to-earnings ratio of 102.70, a P/E/G ratio of 1.95 and a beta of 0.83.

Crown (NYSE:CCK) last released its earnings results on Thursday, October 17th. The industrial products company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.18. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.07 billion. Crown had a net margin of 0.83% and a return on equity of 24.57%. On average, equities research analysts expect that Crown will post 6.34 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Thursday, November 14th. Crown’s payout ratio is 123.46%.

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.