Crown (NYSE:CCK) Downgraded to Neutral Rating by JPMorgan Chase & Co.

Crown (NYSE:CCK) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report released on Friday, MarketBeat reports. They presently have a $155.00 price target on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 35.80% from the stock’s current price.

A number of other research firms have also issued reports on CCK. Royal Bank Of Canada upped their target price on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Wall Street Zen raised shares of Crown from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. Raymond James Financial reaffirmed an “outperform” rating and issued a $115.00 target price (up from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Wolfe Research set a $115.00 price target on Crown in a report on Friday. Finally, Truist Financial increased their price target on Crown from $126.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.07.

Crown Stock Down 1.0%

CCK stock opened at $114.14 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.16 and a quick ratio of 0.76. The company’s 50 day simple moving average is $102.75 and its 200-day simple moving average is $99.29. Crown has a 12 month low of $75.98 and a 12 month high of $115.85. The firm has a market capitalization of $13.17 billion, a PE ratio of 17.92, a P/E/G ratio of 1.33 and a beta of 0.73.

Crown (NYSE:CCK) last posted its earnings results on Wednesday, February 4th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.05. Crown had a return on equity of 26.94% and a net margin of 5.97%.The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the company earned $1.59 EPS. Crown’s revenue was up 7.7% on a year-over-year basis. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. Equities analysts expect that Crown will post 6.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Timothy J. Donahue sold 29,024 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $105.00, for a total value of $3,047,520.00. Following the transaction, the chief executive officer owned 411,556 shares of the company’s stock, valued at approximately $43,213,380. This trade represents a 6.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $101.02, for a total transaction of $1,995,549.08. Following the sale, the chief operating officer directly owned 96,841 shares of the company’s stock, valued at approximately $9,782,877.82. This trade represents a 16.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 64,754 shares of company stock worth $6,720,634. 0.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Crown during the second quarter valued at approximately $184,046,000. JPMorgan Chase & Co. lifted its holdings in Crown by 226.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,474,038 shares of the industrial products company’s stock worth $142,377,000 after buying an additional 1,022,789 shares in the last quarter. Invesco Ltd. grew its stake in shares of Crown by 58.6% during the second quarter. Invesco Ltd. now owns 2,727,276 shares of the industrial products company’s stock valued at $280,855,000 after acquiring an additional 1,007,980 shares in the last quarter. Swedbank AB increased its position in shares of Crown by 60.8% during the third quarter. Swedbank AB now owns 2,493,570 shares of the industrial products company’s stock worth $240,854,000 after acquiring an additional 943,045 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Crown by 36.9% in the third quarter. AQR Capital Management LLC now owns 3,467,550 shares of the industrial products company’s stock worth $333,197,000 after acquiring an additional 933,938 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

About Crown

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.