Barclays Lowers Crown (NYSE:CCK) Price Target to $109.00

Crown (NYSE:CCK) had its target price dropped by equities research analysts at Barclays from $112.00 to $109.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Barclays‘s target price suggests a potential upside of 25.27% from the company’s previous close.

A number of other brokerages have also weighed in on CCK. Truist Financial lifted their price objective on Crown from $103.00 to $104.00 and gave the company a “hold” rating in a report on Monday, January 6th. StockNews.com upgraded shares of Crown from a “hold” rating to a “buy” rating in a research report on Friday. Bank of America lowered their price target on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company lifted their price objective on Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, UBS Group lowered their target price on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $105.69.

Crown Stock Down 0.4 %

Shares of NYSE:CCK opened at $87.01 on Monday. Crown has a 1-year low of $70.84 and a 1-year high of $98.46. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.84. The stock has a market cap of $10.41 billion, a P/E ratio of 24.44, a P/E/G ratio of 1.68 and a beta of 0.87. The firm has a fifty day moving average price of $85.45 and a 200 day moving average price of $89.34.

Crown (NYSE:CCK) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. Sell-side analysts predict that Crown will post 6.83 EPS for the current year.

Institutional Investors Weigh In On Crown

Several hedge funds have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Crown by 20.0% during 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. Spire Wealth Management raised its holdings in Crown by 16.2% in the 4th quarter. Spire Wealth Management now owns 992 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 138 shares during the last quarter. Marshall & Sullivan Inc. WA boosted its holdings in shares of Crown by 0.3% during the fourth quarter. Marshall & Sullivan Inc. WA now owns 57,268 shares of the industrial products company’s stock worth $4,735,000 after purchasing an additional 155 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Crown by 110.9% in the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 163 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its stake in Crown by 0.4% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 45,445 shares of the industrial products company’s stock valued at $3,758,000 after purchasing an additional 165 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

About Crown

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.