Brokerages Set Crown Holdings, Inc. (NYSE:CCK) Price Target at $110.45

Shares of Crown Holdings, Inc. (NYSE:CCK) have received a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $110.45.

A number of research analysts have issued reports on the company. Truist Financial decreased their price target on Crown from $107.00 to $97.00 and set a “hold” rating for the company in a report on Tuesday, April 22nd. Wall Street Zen raised shares of Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. UBS Group boosted their target price on shares of Crown from $109.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Mizuho increased their price target on shares of Crown from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. Finally, Royal Bank of Canada lifted their price objective on shares of Crown from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, May 1st.

Crown Stock Performance

CCK opened at $98.53 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. Crown has a 12-month low of $70.84 and a 12-month high of $100.24. The firm has a 50 day moving average of $90.99 and a two-hundred day moving average of $88.70. The firm has a market capitalization of $11.47 billion, a PE ratio of 27.68, a P/E/G ratio of 1.56 and a beta of 0.76.

Crown (NYSE:CCK) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.45. The firm had revenue of $2.89 billion for 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%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.02 earnings per share. On average, analysts anticipate that Crown will post 6.96 EPS for the current year.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, May 15th. Crown’s payout ratio is presently 22.37%.

Insiders Place Their Bets

In other news, COO Gerard H. Gifford sold 7,000 shares of Crown stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $97.00, for a total value of $679,000.00. Following the sale, the chief operating officer now directly owns 135,014 shares of the company’s stock, valued at $13,096,358. The trade was a 4.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Christy L. Kalaus sold 2,130 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $99.41, for a total value of $211,743.30. Following the sale, the vice president now owns 4,500 shares of the company’s stock, valued at $447,345. The trade was a 32.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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 the company. Larson Financial Group LLC raised its position 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 valued at $30,000 after buying an additional 107 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Crown by 45.3% during 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. Farther Finance Advisors LLC raised its holdings in Crown by 160.0% in the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 256 shares during the last quarter. Signaturefd LLC lifted its stake in Crown by 161.2% in 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 in the last quarter. Finally, National Pension Service boosted its holdings in shares of Crown by 74.4% during the 1st quarter. National Pension Service now owns 443 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

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.