Crown (NYSE:CCK) Raised to Overweight at JPMorgan Chase & Co.

Crown (NYSE:CCK) was upgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Monday,Benzinga reports. The firm currently has a $107.00 target price on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 11.28% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Wells Fargo & Company decreased their target price on Crown from $111.00 to $109.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Mizuho upped their target price on Crown from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Morgan Stanley restated an “overweight” rating on shares of Crown in a research note on Friday, February 6th. Jefferies Financial Group reiterated a “buy” rating on shares of Crown in a research report on Monday, February 23rd. Finally, Wolfe Research set a $115.00 price objective on Crown in a research report on Friday, February 6th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Crown presently has an average rating of “Moderate Buy” and a consensus target price of $120.00.

Crown Price Performance

Shares of NYSE CCK opened at $96.16 on Monday. The firm has a market capitalization of $10.75 billion, a P/E ratio of 15.31, a P/E/G ratio of 1.58 and a beta of 0.65. The company has a quick ratio of 0.70, a current ratio of 1.12 and a debt-to-equity ratio of 1.67. The stock’s 50-day simple moving average is $102.69 and its two-hundred day simple moving average is $103.19. Crown has a twelve month low of $89.21 and a twelve month high of $116.62.

Crown (NYSE:CCK) last announced its earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.03 billion. Crown had a return on equity of 26.62% and a net margin of 5.65%.The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 EPS. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. As a group, equities analysts anticipate that Crown will post 8.05 EPS for the current fiscal year.

Insider Activity

In other news, COO Djalma Novaes, Jr. sold 29,734 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the transaction, the chief operating officer directly owned 88,052 shares in the company, valued at approximately $10,108,369.60. This represents a 25.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $106.85, for a total value of $801,375.00. Following the sale, the chief executive officer owned 451,070 shares of the company’s stock, valued at $48,196,829.50. This represents a 1.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,234 shares of company stock worth $5,832,363 over the last quarter. Corporate insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Crown

Institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its holdings in Crown by 105.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 148 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Crown during the 3rd quarter valued at about $29,000. ORG Partners LLC boosted its holdings 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 during the period. Geneos Wealth Management Inc. boosted its holdings in Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 111 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in Crown during the 3rd quarter valued at about $37,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Crown Company Profile

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.