Crown (NYSE:CCK) PT Lowered to $96.00

Crown (NYSE:CCKGet Free Report) had its target price reduced by analysts at Mizuho from $105.00 to $96.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Mizuho’s price objective would indicate a potential upside of 28.05% from the company’s current price.

Other analysts also recently issued reports about the company. UBS Group began coverage on Crown in a research note on Tuesday, January 16th. They issued a “buy” rating and a $112.00 price target on the stock. Citigroup upped their price target on shares of Crown from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. TheStreet downgraded shares of Crown from a “b-” rating to a “c+” rating in a report on Wednesday, November 1st. Wells Fargo & Company dropped their target price on shares of Crown from $86.00 to $74.00 and set an “equal weight” rating for the company in a report on Thursday, October 19th. Finally, Jefferies Financial Group decreased their price target on Crown from $123.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $102.25.

Get Our Latest Stock Analysis on Crown

Crown Price Performance

Shares of CCK opened at $74.97 on Tuesday. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.66 and a beta of 0.96. Crown has a fifty-two week low of $69.61 and a fifty-two week high of $96.35. The firm has a 50-day simple moving average of $89.81 and a 200-day simple moving average of $87.60. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.70 and a current ratio of 1.13.

Crown (NYSE:CCKGet Free Report) last announced its quarterly earnings data on Monday, February 5th. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.19). The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.96 billion. Crown had a net margin of 3.75% and a return on equity of 26.21%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.17 earnings per share. On average, equities research analysts anticipate that Crown will post 6.64 earnings per share for the current year.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $88.49, for a total transaction of $663,675.00. Following the sale, the chief executive officer now directly owns 579,743 shares in the company, valued at approximately $51,301,458.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Crown

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Crown by 68.6% in the 2nd quarter. BlackRock Inc. now owns 11,889,202 shares of the industrial products company’s stock worth $1,032,815,000 after purchasing an additional 4,836,470 shares in the last quarter. Nomura Holdings Inc. grew its holdings in shares of Crown by 202.1% in the 1st quarter. Nomura Holdings Inc. now owns 3,019,873 shares of the industrial products company’s stock worth $249,774,000 after acquiring an additional 2,020,200 shares during the last quarter. Norges Bank purchased a new stake in shares of Crown during the fourth quarter valued at $123,506,000. State Street Corp boosted its position in shares of Crown by 55.5% in the 2nd quarter. State Street Corp now owns 3,709,202 shares of the industrial products company’s stock valued at $322,218,000 after purchasing an additional 1,323,107 shares during the period. Finally, Boston Partners purchased a new position in Crown in the 4th quarter worth about $84,960,000. Institutional investors and hedge funds own 95.18% of the company’s stock.

Crown Company Profile

(Get Free Report)

Crown Holdings, Inc, together with its subsidiaries, supplies rigid packaging products in Pennsylvania and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The Americas Beverage segment manufactures recyclable aluminum beverage cans and ends, glass bottles, steel crowns, and aluminum caps.

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Analyst Recommendations for Crown (NYSE:CCK)

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