Crown (NYSE:CCK) Price Target Raised to $110.00

Crown (NYSE:CCK) had its price target upped by Mizuho from $105.00 to $110.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Mizuho’s price objective points to a potential upside of 14.07% from the company’s previous close.

Other equities research analysts have also issued reports about the company. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. UBS Group dropped their target price on shares of Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Barclays decreased their target price on shares of Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Royal Bank of Canada raised their price objective on shares of Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Citigroup increased their price target on shares of Crown from $110.00 to $111.00 and gave the company a “buy” rating in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and a consensus price target of $106.25.

Crown Trading Up 7.4 %

NYSE CCK opened at $96.43 on Tuesday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. Crown has a fifty-two week low of $70.84 and a fifty-two week high of $98.46. The stock has a market cap of $11.28 billion, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 1.56 and a beta of 0.79. The stock has a 50 day simple moving average of $87.22 and a two-hundred day simple moving average of $88.17.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.22 by $0.45. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.82 billion. Crown had a net margin of 3.59% and a return on equity of 25.12%. On average, analysts forecast that Crown will post 6.96 earnings per share for the current year.

Institutional Trading of Crown

Several institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in Crown by 160.0% in the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $34,000 after buying an additional 256 shares in the last quarter. GAMMA Investing LLC raised its stake in Crown by 84.2% during the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 261 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Crown by 20.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 117 shares in the last quarter. Colonial Trust Co SC boosted its stake in Crown by 88.0% in the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 352 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in Crown by 48.6% during the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company’s stock valued at $68,000 after buying an additional 269 shares in the last quarter. 90.93% of the stock is currently owned by 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.