Crown (NYSE:CCK) Upgraded at StockNews.com

StockNews.com upgraded shares of Crown (NYSE:CCK) from a hold rating to a buy rating in a research report report published on Friday.

A number of other research analysts have also issued reports on the company. Barclays lifted their target price on Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Royal Bank of Canada boosted their target price on shares of Crown from $113.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday. Morgan Stanley raised shares of Crown from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $109.00 to $105.00 in a research note on Monday, January 13th. 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 report on Monday, October 21st. Finally, Loop Capital increased their price objective on Crown from $120.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.92.

Crown Trading Down 0.4 %

Shares of NYSE:CCK opened at $87.01 on Friday. The company has a 50 day moving average of $85.45 and a 200-day moving average of $89.34. The company has a current ratio of 1.22, a quick ratio of 0.84 and a debt-to-equity ratio of 1.88. The firm has a market cap of $10.41 billion, a P/E ratio of 24.44, a P/E/G ratio of 1.68 and a beta of 0.87. Crown has a twelve month low of $70.84 and a twelve month high of $98.46.

Crown (NYSE:CCK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. As a group, analysts anticipate that Crown will post 6.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Crown

Several institutional investors and hedge funds have recently bought and sold shares of CCK. GAMMA Investing LLC boosted its holdings 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 worth $30,000 after purchasing an additional 163 shares during the period. Covestor Ltd boosted its stake in shares of Crown by 156.5% during the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock valued at $44,000 after buying an additional 277 shares during the period. Brooklyn Investment Group purchased a new position in shares of Crown during the 3rd quarter valued at $44,000. Catalyst Capital Advisors LLC acquired a new position in shares of Crown in the third quarter worth $48,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Crown during the third quarter worth $55,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

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.