Crown’s (CCK) “Neutral” Rating Reiterated at Robert W. Baird

Crown (NYSE:CCKGet Free Report)‘s stock had its “neutral” rating restated by equities research analysts at Robert W. Baird in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $90.00 target price on the industrial products company’s stock. Robert W. Baird’s price objective suggests a potential upside of 20.05% from the company’s current price.

A number of other equities research analysts have also recently issued reports on CCK. StockNews.com upgraded Crown from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Mizuho lowered their price objective on Crown from $105.00 to $96.00 and set a “buy” rating on the stock in a research note on Tuesday. Barclays lowered their price objective on Crown from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, October 26th. Royal Bank of Canada lowered their price objective on Crown from $115.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, October 26th. Finally, UBS Group started coverage on Crown in a research report on Tuesday, January 16th. They set a “buy” rating and a $112.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Crown presently has a consensus rating of “Moderate Buy” and an average price target of $102.25.

Get Our Latest Research Report on CCK

Crown Stock Down 2.2 %

Crown stock opened at $74.97 on Tuesday. The firm has a 50 day moving average price of $89.81 and a two-hundred day moving average price of $87.60. The firm has a market cap of $9.05 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 2.66 and a beta of 0.96. 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 has a 52-week low of $69.61 and a 52-week high of $96.35.

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

Insider Transactions at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $90.96, for a total transaction of $682,200.00. Following the completion of the sale, the chief executive officer now owns 651,264 shares of the company’s stock, valued at $59,238,973.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Crown

Several institutional investors have recently modified their holdings of the business. Boston Partners purchased a new stake in shares of Crown during the fourth quarter valued at $84,960,000. Envestnet Portfolio Solutions Inc. boosted its position in shares of Crown by 6.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,464 shares of the industrial products company’s stock valued at $227,000 after buying an additional 160 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Crown by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,320,502 shares of the industrial products company’s stock worth $121,614,000 after purchasing an additional 44,195 shares during the last quarter. Jump Financial LLC purchased a new position in Crown in the fourth quarter worth about $635,000. Finally, Reynders McVeigh Capital Management LLC boosted its position in Crown by 52.4% in the fourth quarter. Reynders McVeigh Capital Management LLC now owns 239,041 shares of the industrial products company’s stock worth $22,013,000 after purchasing an additional 82,192 shares during the last quarter. 95.18% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

Analyst Recommendations for Crown (NYSE:CCK)

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