Crown (NYSE:CCK) Price Target Cut to $109.00 by Analysts at Barclays

Crown (NYSE:CCK) had its target price reduced by Barclays from $112.00 to $109.00 in a research report report published on Monday morning,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

CCK has been the topic of several other reports. StockNews.com upgraded shares of Crown from a “hold” rating to a “buy” rating in a report on Friday. Bank of America dropped their price objective on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Morgan Stanley raised Crown from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $109.00 to $105.00 in a research note on Monday, January 13th. Truist Financial raised their price target on Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Finally, Citigroup boosted their price objective on Crown from $110.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $105.69.

Crown Stock Up 1.4 %

NYSE:CCK opened at $88.19 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. Crown has a 12-month low of $70.84 and a 12-month high of $98.46. The stock’s fifty day simple moving average is $85.36 and its 200-day simple moving average is $89.37. The firm has a market capitalization of $10.55 billion, a P/E ratio of 24.77, a P/E/G ratio of 1.68 and a beta of 0.87.

Crown (NYSE:CCK) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) 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%. Equities research analysts expect that Crown will post 6.83 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CCK. GAMMA Investing LLC boosted its stake in shares of Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after buying an additional 163 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Crown by 160.0% during the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 256 shares during the last quarter. Covestor Ltd boosted its position in Crown by 156.5% during the third quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 277 shares during the last quarter. Brooklyn Investment Group bought a new position in Crown in the third quarter valued at approximately $44,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Crown during the 3rd quarter worth approximately $48,000. 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.