Crown Holdings, Inc. (NYSE:CCK) Receives $101.14 Average Target Price from Analysts

Shares of Crown Holdings, Inc. (NYSE:CCK) have received a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $101.14.

Several research firms have recently weighed in on CCK. UBS Group lowered their price objective on Crown from $112.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Barclays increased their price objective on Crown from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Morgan Stanley increased their price objective on shares of Crown from $92.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, September 4th. StockNews.com lowered Crown from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. Finally, Royal Bank of Canada raised their price objective on Crown from $96.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th.

Insider Buying and Selling

In other news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $85.03, for a total value of $1,275,450.00. Following the completion of the sale, the chief executive officer now directly owns 593,678 shares of the company’s stock, valued at $50,480,440.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Timothy J. Donahue sold 15,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $85.03, for a total value of $1,275,450.00. Following the transaction, the chief executive officer now owns 593,678 shares in the company, valued at approximately $50,480,440.34. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $90.58, for a total transaction of $679,350.00. Following the completion of the sale, the chief executive officer now directly owns 578,678 shares of the company’s stock, valued at approximately $52,416,653.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,000 shares of company stock worth $2,598,675. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Crown

A number of large investors have recently bought and sold shares of CCK. Rise Advisors LLC bought a new position in shares of Crown in the first quarter worth about $27,000. Mather Group LLC. acquired a new stake in shares of Crown in the first quarter valued at about $32,000. Quest Partners LLC acquired a new position in shares of Crown in the 4th quarter worth approximately $34,000. Quarry LP boosted its position in Crown by 190.3% during the fourth quarter. Quarry LP now owns 421 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 276 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Crown in the first quarter worth approximately $41,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Crown Price Performance

NYSE CCK opened at $93.70 on Tuesday. Crown has a twelve month low of $69.61 and a twelve month high of $94.46. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.73 and a current ratio of 1.05. The stock has a market capitalization of $11.31 billion, a PE ratio of 27.00, a P/E/G ratio of 2.13 and a beta of 0.85. The stock has a 50-day simple moving average of $87.43 and a 200 day simple moving average of $82.13.

Crown (NYSE:CCK) last issued its quarterly earnings results on Monday, July 22nd. The industrial products company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.22. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.06 billion. Crown had a return on equity of 23.96% and a net margin of 3.68%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.68 earnings per share. Research analysts anticipate that Crown will post 6.15 EPS for the current year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 1.07%. Crown’s payout ratio is presently 28.82%.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.