Analysts Set Crown Holdings, Inc. (NYSE:CCK) Target Price at $105.69

Shares of Crown Holdings, Inc. (NYSE:CCK) have earned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $105.69.

Several brokerages have recently weighed in on CCK. StockNews.com raised Crown from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company increased their price target on Crown from $86.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Bank of America reduced their price target on Crown from $107.00 to $101.00 and set a “buy” rating for the company in a report on Monday, January 6th. Mizuho reduced their price target on Crown from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, Citigroup increased their price target on Crown from $110.00 to $111.00 and gave the company a “buy” rating in a report on Monday, January 6th.

Institutional Trading of Crown

A number of institutional investors and hedge funds have recently made changes to their positions in CCK. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Crown by 26.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 586,038 shares of the industrial products company’s stock valued at $48,459,000 after acquiring an additional 124,384 shares during the period. Worldquant Millennium Advisors LLC increased its position in Crown by 216.3% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 335,902 shares of the industrial products company’s stock valued at $27,776,000 after acquiring an additional 229,705 shares during the period. Sone Capital Management LLC acquired a new stake in Crown in the 4th quarter valued at approximately $5,444,000. Twinbeech Capital LP increased its position in Crown by 345.4% in the 4th quarter. Twinbeech Capital LP now owns 107,535 shares of the industrial products company’s stock valued at $8,892,000 after acquiring an additional 83,394 shares during the period. Finally, Two Sigma Advisers LP increased its position in Crown by 37.0% in the 4th quarter. Two Sigma Advisers LP now owns 61,100 shares of the industrial products company’s stock valued at $5,052,000 after acquiring an additional 16,500 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Crown Stock Performance

Shares of NYSE:CCK opened at $89.24 on Friday. Crown has a 12 month low of $70.84 and a 12 month high of $98.46. The business has a 50-day moving average of $85.21 and a two-hundred day moving average of $89.41. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.84. The firm has a market capitalization of $10.68 billion, a PE ratio of 25.07, a P/E/G ratio of 1.68 and a beta of 0.87.

Crown (NYSE:CCK) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. As a group, research analysts forecast that Crown will post 6.83 earnings per share for the current year.

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.