Crown (NYSE:CCK) Rating Lowered to “Hold” at StockNews.com

Crown (NYSE:CCKGet Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Other research analysts also recently issued reports about the company. Loop Capital raised their price target on Crown from $120.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, October 21st. UBS Group decreased their target price on shares of Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Bank of America lowered their target price on shares of Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company cut their price target on shares of Crown from $88.00 to $86.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Finally, Mizuho lowered their price objective on shares of Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Crown currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.46.

Check Out Our Latest Report on CCK

Crown Trading Down 1.1 %

Shares of NYSE:CCK opened at $87.83 on Tuesday. The stock has a market capitalization of $10.51 billion, a PE ratio of 108.44, a price-to-earnings-growth ratio of 1.68 and a beta of 0.86. The company’s 50-day moving average price is $86.20 and its two-hundred day moving average price is $88.89. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84. Crown has a one year low of $69.61 and a one year high of $98.46.

Insider Transactions at Crown

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total value of $725,475.00. Following the transaction, the chief executive officer now directly owns 563,678 shares of the company’s stock, valued at $54,524,572.94. This represents a 1.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Crown

A number of institutional investors have recently modified their holdings of CCK. GAMMA Investing LLC raised its stake in Crown by 110.9% in the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 163 shares in the last quarter. Covestor Ltd increased its holdings in shares of Crown by 156.5% during the third quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 277 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Crown in the third quarter valued at approximately $44,000. Catalyst Capital Advisors LLC bought a new stake in shares of Crown in the third quarter valued at approximately $48,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Crown during the third quarter worth approximately $55,000. Institutional investors own 90.93% of the company’s stock.

About Crown

(Get Free Report)

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.

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Analyst Recommendations for Crown (NYSE:CCK)

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