Crown (NYSE:CCK) Cut to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Crown (NYSE:CCK) from an overweight rating to a neutral rating in a research report report published on Wednesday morning, MarketBeat reports. JPMorgan Chase & Co. currently has $121.00 price target on the industrial products company’s stock, up from their prior price target of $107.00.

A number of other research analysts also recently commented on the stock. Mizuho increased their price objective on shares of Crown from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday. Royal Bank Of Canada boosted their target price on shares of Crown from $129.00 to $131.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Bank of America increased their price target on shares of Crown from $129.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. UBS Group lowered their price objective on Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Finally, Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Crown currently has an average rating of “Moderate Buy” and an average target price of $128.20.

Crown Trading Up 3.0%

NYSE:CCK opened at $117.88 on Wednesday. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.69 and a beta of 0.60. Crown has a one year low of $89.21 and a one year high of $121.76. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.70 and a current ratio of 1.05. The business’s 50-day simple moving average is $104.60 and its 200 day simple moving average is $105.16.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.33. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.37 billion. Crown had a return on equity of 27.33% and a net margin of 5.91%.Crown’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.15 EPS. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. As a group, sell-side analysts predict that Crown will post 8.39 earnings per share for the current fiscal year.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, August 6th. Crown’s dividend payout ratio (DPR) is presently 20.14%.

Insider Buying and Selling at Crown

In related news, CEO Timothy J. Donahue sold 15,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the sale, the chief executive officer owned 436,070 shares of the company’s stock, valued at $45,787,350. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Crown

A number of hedge funds have recently made changes to their positions in CCK. Caitong International Asset Management Co. Ltd bought a new position in Crown in the 3rd quarter worth approximately $29,000. ORG Partners LLC raised its stake in Crown by 52.5% during the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 105 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 111 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in Crown during the 4th quarter worth $42,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Crown by 52.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 151 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Key Stories Impacting Crown

Here are the key news stories impacting Crown this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Crown Holdings to $135 from $131 and reiterated an outperform rating, suggesting meaningful upside from current levels. Benzinga report
• Positive Sentiment: Crown Holdings declared a quarterly dividend of $0.35 per share, which can appeal to income-focused investors and signals continued shareholder returns. Press release
• Positive Sentiment: Several analysts remained constructive after the earnings beat, including Truist reaffirming Buy and Wells Fargo lifting its price target to $127, which adds to the bullish tone around the stock. Article
• Neutral Sentiment: UBS reportedly kept a Hold rating, indicating some analysts see the shares as fairly valued after the recent rally. UBS Hold report
• Negative Sentiment: J.P. Morgan reportedly downgraded Crown to Neutral after the strong run-up, which may reflect concerns that much of the good news is already priced in. Seeking Alpha report

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.