Crown Holdings, Inc. (NYSE:CCK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Crown Holdings, Inc. (NYSE:CCK) has been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $105.69.

CCK has been the topic of a number of recent analyst reports. Mizuho cut their price target on shares of Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Robert W. Baird upped their price target on shares of Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Bank of America reduced their price target on shares of Crown from $107.00 to $101.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Loop Capital upped their price target on shares of Crown from $120.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Truist Financial upped their price target on shares of Crown from $103.00 to $104.00 and gave the company a “hold” rating in a research report on Monday, January 6th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CCK. Sanctuary Advisors LLC acquired a new position in shares of Crown during the 2nd quarter worth $457,000. GAMMA Investing LLC increased its stake in shares of Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 163 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Crown during the 3rd quarter worth $766,000. Creative Planning increased its stake in shares of Crown by 3.6% during the 3rd quarter. Creative Planning now owns 45,835 shares of the industrial products company’s stock worth $4,395,000 after purchasing an additional 1,586 shares during the last quarter. Finally, Sumitomo Life Insurance Co. increased its stake in shares of Crown by 3.0% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 11,736 shares of the industrial products company’s stock worth $1,125,000 after purchasing an additional 347 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Stock Down 0.0 %

NYSE CCK opened at $88.37 on Friday. 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 company’s 50 day simple moving average is $85.24 and its 200 day simple moving average is $89.39. Crown has a 12 month low of $70.84 and a 12 month high of $98.46. The company has a market capitalization of $10.57 billion, a P/E ratio of 24.82, a PEG ratio of 1.68 and a beta of 0.87.

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

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.