Crown (NYSE:CCK) PT Raised to $129.00

Crown (NYSE:CCK) had its price objective lifted by stock analysts at Loop Capital from $120.00 to $129.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Loop Capital’s price objective indicates a potential upside of 34.15% from the company’s previous close.

CCK has been the subject of a number of other research reports. Wells Fargo & Company raised their price target on shares of Crown from $97.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday. Robert W. Baird lifted their price target on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday. Citigroup increased their price objective on Crown from $100.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Truist Financial lifted their target price on Crown from $95.00 to $103.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

Crown Stock Down 0.2 %

Shares of CCK stock opened at $96.16 on Monday. The stock’s fifty day moving average price is $92.07 and its 200 day moving average price is $84.72. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.05 and a quick ratio of 0.73. Crown has a 1-year low of $69.61 and a 1-year high of $98.46. The company has a market cap of $11.61 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 2.19 and a beta of 0.86.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, July 22nd. The industrial products company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.22. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.06 billion. Crown had a net margin of 3.68% and a return on equity of 23.96%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.68 earnings per share. On average, research analysts expect that Crown will post 6.15 earnings per share for the current fiscal year.

Insider Transactions at Crown

In related news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $85.85, for a total value of $643,875.00. Following the sale, the chief executive officer now directly owns 586,178 shares in the company, valued at approximately $50,323,381.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Crown news, Director James H. Miller sold 1,006 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $95.60, for a total value of $96,173.60. Following the transaction, the director now directly owns 12,424 shares in the company, valued at $1,187,734.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $85.85, for a total transaction of $643,875.00. Following the completion of the sale, the chief executive officer now owns 586,178 shares in the company, valued at approximately $50,323,381.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,506 shares of company stock valued at $2,116,899 in the last three months. 0.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Crown

Several large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in Crown by 110.9% in the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 163 shares in the last quarter. Mather Group LLC. acquired a new stake in Crown in the first quarter valued at approximately $32,000. EntryPoint Capital LLC acquired a new position in Crown during the 1st quarter worth approximately $41,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of Crown in the 1st quarter valued at $43,000. Finally, Blue Trust Inc. increased its holdings in Crown by 172.6% in the second quarter. Blue Trust Inc. now owns 608 shares of the industrial products company’s stock valued at $48,000 after buying an additional 385 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

Crown Company Profile

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.