Crown Holdings, Inc. (NYSE:CCK) Receives $100.21 Average Price Target from Analysts

Shares of Crown Holdings, Inc. (NYSE:CCK) have been given an average rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $100.21.

Several equities analysts recently weighed in on the stock. Citigroup increased their price target on shares of Crown from $94.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Wells Fargo & Company increased their target price on Crown from $85.00 to $88.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Robert W. Baird increased their target price on Crown from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Loop Capital increased their target price on Crown from $106.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th.

Insider Activity

In related news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $85.00, for a total value of $637,500.00. Following the sale, the chief executive officer now directly owns 608,678 shares in the company, valued at approximately $51,737,630. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $85.00, for a total transaction of $637,500.00. Following the sale, the chief executive officer now directly owns 608,678 shares in the company, valued at $51,737,630. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James H. Miller sold 9,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $82.93, for a total transaction of $746,370.00. Following the sale, the director now owns 12,884 shares in the company, valued at $1,068,470.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,500 shares of company stock valued at $2,659,320. 0.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Crown

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. 1832 Asset Management L.P. acquired a new stake in shares of Crown in the first quarter valued at approximately $119,167,000. Norges Bank acquired a new stake in shares of Crown during the fourth quarter worth $109,826,000. Clearbridge Investments LLC raised its position in Crown by 474.8% in the fourth quarter. Clearbridge Investments LLC now owns 1,214,618 shares of the industrial products company’s stock worth $111,854,000 after acquiring an additional 1,003,312 shares in the last quarter. Boston Partners purchased a new position in shares of Crown in the fourth quarter valued at $84,960,000. Finally, Metropolis Capital Ltd purchased a new position in shares of Crown in the second quarter valued at $29,291,000. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Stock Up 0.1 %

NYSE:CCK opened at $88.16 on Monday. Crown has a 1-year low of $69.61 and a 1-year high of $94.49. The company has a 50-day moving average of $79.42 and a 200 day moving average of $80.16. The firm has a market cap of $10.64 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 2.10 and a beta of 0.84. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.05 and a quick ratio of 0.73.

Crown (NYSE:CCK) last released its quarterly earnings results on Monday, July 22nd. The industrial products company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.59 by $0.22. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.06 billion. Crown had a net margin of 3.68% and a return on equity of 23.96%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.68 earnings per share. As a group, research analysts anticipate that Crown will post 6.15 EPS for the current fiscal year.

Crown Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.13%. Crown’s payout ratio is 28.82%.

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.