Crown (NYSE:CCK) Price Target Raised to $90.00 at Wells Fargo & Company

Crown (NYSE:CCK) had its price target raised by Wells Fargo & Company from $86.00 to $90.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company’s stock.

Other equities analysts have also issued research reports about the stock. Morgan Stanley raised shares of Crown from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $109.00 to $105.00 in a research report on Monday, January 13th. UBS Group cut their price target on Crown from $113.00 to $108.00 and set a “buy” rating for the company in a report on Friday, January 10th. StockNews.com cut Crown from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Loop Capital upped their target price on Crown from $120.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Robert W. Baird raised their price target on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $105.92.

Crown Trading Down 0.4 %

Shares of Crown stock opened at $87.01 on Friday. Crown has a 1 year low of $70.84 and a 1 year high of $98.46. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84. The business has a 50 day moving average price of $85.55 and a 200 day moving average price of $89.21. The company has a market capitalization of $10.41 billion, a P/E ratio of 107.42, a P/E/G ratio of 1.70 and a beta of 0.87.

Crown (NYSE:CCK) last released its quarterly 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 24.57% and a net margin of 0.83%. Sell-side analysts anticipate that Crown will post 6.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Crown

Institutional investors have recently bought and sold shares of the business. Tidal Investments LLC lifted its holdings in shares of Crown by 121.3% during the 3rd quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company’s stock valued at $2,109,000 after acquiring an additional 12,058 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Crown by 4.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,041 shares of the industrial products company’s stock worth $23,878,000 after purchasing an additional 10,295 shares in the last quarter. Jensen Investment Management Inc. boosted its position in shares of Crown by 7.8% in the third quarter. Jensen Investment Management Inc. now owns 100,918 shares of the industrial products company’s stock worth $9,676,000 after buying an additional 7,280 shares during the period. Nordea Investment Management AB grew its stake in shares of Crown by 19.3% in the fourth quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company’s stock valued at $90,511,000 after buying an additional 176,959 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Crown by 7.8% during the 3rd quarter. Victory Capital Management Inc. now owns 5,676,902 shares of the industrial products company’s stock valued at $544,301,000 after buying an additional 412,973 shares during the period. 90.93% of the stock is currently 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.