UBS Group Cuts Crown (NYSE:CCK) Price Target to $116.00

Crown (NYSE:CCK) had its target price lowered by UBS Group from $123.00 to $116.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.

A number of other brokerages have also recently commented on CCK. Mizuho raised their target price on Crown from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Raymond James Financial boosted their price target on Crown from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Robert W. Baird upped their price target on Crown from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company raised their price objective on Crown from $117.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Finally, Truist Financial reaffirmed a “buy” rating and set a $141.00 price objective (up from $129.00) on shares of Crown in a research report on Wednesday, July 22nd. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $127.73.

Crown Stock Performance

CCK opened at $107.16 on Monday. The company’s 50 day moving average is $114.41 and its 200 day moving average is $107.69. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 1.63. The company has a market cap of $11.65 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.51 and a beta of 0.56. Crown has a 12-month low of $89.21 and a 12-month high of $122.91.

Crown (NYSE:CCK) last announced its earnings results on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.33. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.15 earnings per share. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. On average, equities research analysts predict that Crown will post 8.39 EPS for the current year.

Crown Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. Crown’s payout ratio is 20.14%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Crown by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,977,123 shares of the industrial products company’s stock valued at $198,186,000 after acquiring an additional 32,112 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Crown by 19.3% during the first quarter. Quantinno Capital Management LP now owns 1,156,902 shares of the industrial products company’s stock worth $115,979,000 after purchasing an additional 186,849 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Crown during the 2nd quarter valued at approximately $112,578,000. Nykredit A S bought a new stake in Crown during the 2nd quarter valued at approximately $99,537,000. Finally, Panagora Asset Management Inc. purchased a new position in Crown in the 4th quarter worth approximately $59,718,000. Institutional investors own 90.93% of the company’s stock.

About Crown

Crown Holdings, Inc (NYSE: CCK) is a global manufacturer of packaging products. The company primarily produces metal beverage cans and ends, food cans, aerosol cans, and metal closures used for beverages, food, household products, personal care items, and other consumer goods.

Crown also provides transit packaging solutions, including protective packaging systems and materials used to secure and transport industrial and consumer products. Its customers include beverage, food, household products, personal care, and industrial companies.

The company traces its history to 1892, when it was founded as Crown Cork & Seal Company following the development of the crown cork bottle closure.