Crown (NYSE:CCK) PT Raised to $106.00

Crown (NYSE:CCK) had its price target boosted by equities research analysts at Loop Capital from $101.00 to $106.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Loop Capital’s price objective would indicate a potential upside of 28.69% from the company’s current price.

A number of other analysts have also recently issued reports on CCK. UBS Group began coverage on Crown in a report on Tuesday, January 16th. They set a “buy” rating and a $112.00 target price for the company. Wells Fargo & Company upped their target price on Crown from $76.00 to $84.00 and gave the company an “equal weight” rating in a research report on Wednesday. Mizuho lowered their price target on Crown from $105.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Morgan Stanley started coverage on Crown in a research note on Monday, March 18th. They set an “equal weight” rating and a $87.00 price objective for the company. Finally, Royal Bank of Canada lowered their price objective on Crown from $110.00 to $97.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $99.29.

Crown Trading Down 0.8 %

NYSE:CCK opened at $82.37 on Wednesday. The company has a market capitalization of $9.95 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 2.78 and a beta of 0.88. The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 2.26. Crown has a 52-week low of $69.61 and a 52-week high of $96.35. The stock has a fifty day simple moving average of $78.05 and a 200-day simple moving average of $82.62.

Crown (NYSE:CCK) last released its quarterly earnings results on Monday, April 29th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.06. The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.93 billion. Crown had a return on equity of 23.95% and a net margin of 3.51%. The business’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.20 EPS. On average, equities research analysts expect that Crown will post 5.9 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Timothy J. Donahue sold 22,500 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $85.18, for a total transaction of $1,916,550.00. Following the completion of the sale, the chief executive officer now directly owns 616,178 shares of the company’s stock, valued at $52,486,042.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Crown

Hedge funds have recently bought and sold shares of the business. BluePath Capital Management LLC purchased a new stake in Crown in the 3rd quarter worth about $25,000. Sound Income Strategies LLC acquired a new position in shares of Crown during the 4th quarter valued at about $26,000. Rise Advisors LLC bought a new stake in Crown during the 1st quarter valued at approximately $27,000. Mather Group LLC. bought a new stake in Crown during the 1st quarter valued at approximately $32,000. Finally, Quest Partners LLC bought a new stake in Crown during the 4th quarter valued at approximately $34,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

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.