Crown Holdings, Inc. (NYSE:CCK) Receives $118.08 Average PT from Analysts

Shares of Crown Holdings, Inc. (NYSE:CCKGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $118.9231.

A number of research firms recently weighed in on CCK. Citigroup dropped their price target on Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, September 29th. UBS Group restated a “buy” rating and set a $117.00 price objective on shares of Crown in a report on Tuesday, October 21st. Royal Bank Of Canada increased their target price on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Wells Fargo & Company lifted their price target on shares of Crown from $99.00 to $106.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Truist Financial upped their price objective on shares of Crown from $126.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday.

Get Our Latest Stock Analysis on CCK

Insider Transactions at Crown

In other news, COO Djalma Novaes, Jr. sold 19,754 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $101.02, for a total value of $1,995,549.08. Following the transaction, the chief operating officer owned 96,841 shares in the company, valued at $9,782,877.82. This trade represents a 16.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy J. Donahue sold 8,476 shares of Crown stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $105.01, for a total value of $890,064.76. Following the transaction, the chief executive officer directly owned 440,580 shares in the company, valued at approximately $46,265,305.80. The trade was a 1.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Crown

Large investors have recently bought and sold shares of the stock. Vident Advisory LLC purchased a new position in Crown during the 1st quarter worth $465,000. Royal Bank of Canada lifted its position in shares of Crown by 24.1% during the first quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company’s stock valued at $4,367,000 after purchasing an additional 9,497 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in Crown during the first quarter worth about $251,000. EP Wealth Advisors LLC bought a new stake in Crown in the 1st quarter worth about $218,000. Finally, Ancora Advisors LLC purchased a new stake in Crown in the 1st quarter valued at about $103,000. 90.93% of the stock is currently owned by institutional investors.

Crown Stock Performance

NYSE:CCK opened at $100.66 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 1.65. Crown has a twelve month low of $75.98 and a twelve month high of $109.48. The company has a fifty day moving average of $99.25 and a 200-day moving average of $99.34. The firm has a market capitalization of $11.61 billion, a P/E ratio of 12.46, a P/E/G ratio of 1.19 and a beta of 0.75.

Crown (NYSE:CCKGet Free Report) last posted its quarterly earnings results on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.26. Crown had a net margin of 7.79% and a return on equity of 26.86%. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the company posted $1.99 earnings per share. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS and its FY 2025 guidance at 7.700-7.80 EPS. As a group, sell-side analysts anticipate that Crown will post 6.96 EPS for the current year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were given a $0.26 dividend. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $1.04 annualized dividend and a yield of 1.0%. Crown’s dividend payout ratio (DPR) is presently 12.87%.

Crown News Roundup

Here are the key news stories impacting Crown this week:

Crown Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Crown (NYSE:CCK)

Receive News & Ratings for Crown Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown and related companies with MarketBeat.com's FREE daily email newsletter.