Crown Holdings, Inc. (NYSE:CCK) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Crown Holdings, Inc. (NYSE:CCK) have been given an average rating of “Moderate Buy” by the eleven analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $110.45.

Several analysts have issued reports on CCK shares. Mizuho boosted their target price on shares of Crown from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, April 29th. Truist Financial reduced their price objective on Crown from $107.00 to $97.00 and set a “hold” rating for the company in a research note on Tuesday, April 22nd. Royal Bank of Canada lifted their target price on Crown from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Barclays raised their price target on shares of Crown from $109.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th.

Insider Buying and Selling at Crown

In other news, COO Gerard H. Gifford sold 7,000 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $97.00, for a total value of $679,000.00. Following the completion of the sale, the chief operating officer now directly owns 135,014 shares in the company, valued at approximately $13,096,358. The trade was a 4.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Crown

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC grew its stake in shares of Crown by 47.6% in the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 107 shares during the last quarter. Farther Finance Advisors LLC grew its position 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 purchasing an additional 256 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Crown by 161.2% during the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 245 shares during the period. GAMMA Investing LLC raised its position in shares of Crown by 84.2% during the fourth quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock valued at $47,000 after buying an additional 261 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Crown by 20.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock valued at $57,000 after buying an additional 117 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Stock Up 0.9 %

Shares of Crown stock opened at $96.98 on Wednesday. Crown has a 1-year low of $70.84 and a 1-year high of $98.48. The business’s fifty day moving average price is $87.93 and its two-hundred day moving average price is $88.25. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80. The company has a market capitalization of $11.34 billion, a P/E ratio of 27.24, a PEG ratio of 1.56 and a beta of 0.79.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, April 28th. The industrial products company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.45. Crown had a return on equity of 25.12% and a net margin of 3.59%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the business earned $1.02 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, research analysts forecast that Crown will post 6.96 EPS for the current year.

Crown Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. Crown’s dividend payout ratio is currently 22.37%.

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.