Crown (NYSE:CCK) had its target price hoisted by Citigroup from $70.00 to $77.00 in a research report released on Thursday morning, BenzingaRatingsTable reports. They currently have a buy rating on the industrial products company’s stock.
Several other analysts also recently issued reports on CCK. Deutsche Bank boosted their price objective on Keysight Technologies from $100.00 to $120.00 and gave the stock a buy rating in a report on Monday, April 22nd. Zacks Investment Research downgraded Great Portland Estates from a hold rating to a sell rating in a report on Tuesday, April 16th. Morgan Stanley set a $60.00 target price on Berry Global Group and gave the company a hold rating in a research note on Wednesday, April 17th. Finally, Wells Fargo & Co set a $9.00 target price on Bausch Health Companies and gave the company a sell rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $63.22.
NYSE CCK opened at $60.77 on Thursday. The business’s 50-day moving average is $59.59. The company has a current ratio of 1.20, a quick ratio of 0.65 and a debt-to-equity ratio of 5.87. The firm has a market cap of $8.22 billion, a P/E ratio of 11.44, a PEG ratio of 1.64 and a beta of 1.59. Crown has a 1 year low of $39.05 and a 1 year high of $63.39.
Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, April 17th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.05. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.76 billion. Crown had a return on equity of 54.33% and a net margin of 3.86%. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. On average, research analysts forecast that Crown will post 5.29 earnings per share for the current fiscal year.
In other Crown news, Director John W. Conway sold 129,000 shares of Crown stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $58.06, for a total transaction of $7,489,740.00. Following the transaction, the director now owns 1,156,677 shares of the company’s stock, valued at approximately $67,156,666.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Gerard H. Gifford sold 10,000 shares of Crown stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $60.79, for a total value of $607,900.00. Following the transaction, the chief operating officer now directly owns 152,292 shares in the company, valued at approximately $9,257,830.68. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Massey Quick Simon & CO. LLC bought a new stake in shares of Crown in the 1st quarter valued at approximately $26,000. First Personal Financial Services grew its stake in shares of Crown by 178.7% in the 1st quarter. First Personal Financial Services now owns 577 shares of the industrial products company’s stock valued at $31,000 after buying an additional 370 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Crown in the 1st quarter valued at approximately $32,000. First Hawaiian Bank grew its stake in shares of Crown by 61.5% in the 1st quarter. First Hawaiian Bank now owns 1,641 shares of the industrial products company’s stock valued at $90,000 after buying an additional 625 shares in the last quarter. Finally, Advisory Alpha LLC bought a new stake in shares of Crown in the 1st quarter valued at approximately $118,000. 98.94% of the stock is owned by institutional investors and hedge funds.
Crown Company Profile
Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.
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