Crown (NYSE:CCK) PT Raised to $100.00 at Robert W. Baird

Crown (NYSE:CCKGet Free Report) had its price objective hoisted by investment analysts at Robert W. Baird from $90.00 to $100.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price target indicates a potential upside of 21.40% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Crown in a research report on Monday, March 18th. They set an “equal weight” rating and a $87.00 price objective on the stock. Wolfe Research began coverage on shares of Crown in a report on Friday, March 1st. They issued an “outperform” rating and a $102.00 target price for the company. Wells Fargo & Company cut their target price on shares of Crown from $78.00 to $76.00 and set an “equal weight” rating for the company in a report on Thursday, April 11th. Mizuho cut their target price on shares of Crown from $105.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Finally, Royal Bank of Canada cut their target price on shares of Crown from $110.00 to $97.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Crown has a consensus rating of “Moderate Buy” and an average target price of $99.29.

Read Our Latest Analysis on CCK

Crown Price Performance

NYSE CCK opened at $82.37 on Wednesday. Crown has a 12 month low of $69.61 and a 12 month high of $96.35. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 2.78 and a beta of 0.88. The company’s 50 day moving average is $78.05 and its two-hundred day moving average is $82.62. The company has a current ratio of 1.19, a quick ratio of 0.77 and a debt-to-equity ratio of 2.26.

Crown (NYSE:CCKGet Free Report) last released its quarterly earnings data on Monday, April 29th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.06. The firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Crown had a net margin of 3.51% and a return on equity of 23.95%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 earnings per share. As a group, research analysts anticipate that Crown will post 5.9 earnings per share for the current year.

Insider Activity

In related news, CEO Timothy J. Donahue sold 22,500 shares of Crown stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $85.18, for a total value of $1,916,550.00. Following the completion of the sale, the chief executive officer now directly owns 616,178 shares in the company, valued at $52,486,042.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

Institutional Trading of Crown

Several institutional investors and hedge funds have recently made changes to their positions in the company. DB Fitzpatrick & Co Inc raised its holdings in shares of Crown by 0.9% in the third quarter. DB Fitzpatrick & Co Inc now owns 16,258 shares of the industrial products company’s stock valued at $1,439,000 after acquiring an additional 142 shares in the last quarter. Picton Mahoney Asset Management raised its holdings in Crown by 14.0% in the fourth quarter. Picton Mahoney Asset Management now owns 1,181 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 145 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in Crown by 5.3% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,057 shares of the industrial products company’s stock worth $282,000 after purchasing an additional 154 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Crown by 6.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,464 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 160 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Crown by 1.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 13,715 shares of the industrial products company’s stock worth $1,205,000 after purchasing an additional 180 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors.

About Crown

(Get Free Report)

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.

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