Crown (NYSE:CCK) Upgraded by BMO Capital Markets to Strong-Buy Rating

Crown (NYSE:CCK) was upgraded by stock analysts at BMO Capital Markets to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Raymond James Financial upped their price objective on shares of Crown from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Crown in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft started coverage on Crown in a report on Wednesday, April 1st. They issued a “buy” rating and a $124.00 price target for the company. DA Davidson reduced their price target on Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Finally, Bank of America raised their price objective on Crown from $129.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.07.

Crown Trading Up 0.3%

Crown stock opened at $117.36 on Thursday. The stock has a 50-day moving average price of $102.90 and a 200 day moving average price of $104.72. Crown has a 52 week low of $89.21 and a 52 week high of $118.50. The stock has a market cap of $13.11 billion, a PE ratio of 18.69, a P/E/G ratio of 1.95 and a beta of 0.60. The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 1.67.

Crown (NYSE:CCK) last released its earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. Crown had a net margin of 5.65% and a return on equity of 26.62%. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the firm earned $1.67 EPS. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. Equities research analysts predict that Crown will post 8.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the completion of the sale, the chief executive officer directly owned 436,070 shares of the company’s stock, valued at $45,787,350. The trade was a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCK. Root Financial Partners LLC grew its position in Crown by 23.8% during the fourth quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock worth $49,000 after buying an additional 91 shares in the last quarter. Parallel Advisors LLC increased its stake in Crown by 12.5% during the fourth quarter. Parallel Advisors LLC now owns 934 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 104 shares during the period. ORG Partners LLC raised its holdings in Crown by 52.5% in the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 105 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 111 shares in the last quarter. Finally, Siemens Fonds Invest GmbH lifted its position in shares of Crown by 7.7% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,626 shares of the industrial products company’s stock worth $157,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

About Crown

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.