Crown (NYSE:CCK) Price Target Increased to $129.00 by Analysts at Loop Capital

Crown (NYSE:CCK) had its price target raised by Loop Capital from $120.00 to $129.00 in a research report sent to investors on Monday, Benzinga reports. Loop Capital currently has a buy rating on the industrial products company’s stock.

Several other equities analysts have also recently issued reports on the company. Mizuho set a $110.00 price objective on Crown in a research note on Friday, October 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $105.00 price objective on shares of Crown in a research note on Tuesday, September 24th. StockNews.com raised Crown from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. Barclays raised their target price on Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Robert W. Baird raised their target price on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Crown presently has an average rating of “Moderate Buy” and an average price target of $106.62.

Crown Stock Performance

Shares of Crown stock opened at $95.24 on Monday. The business has a 50-day moving average of $92.40 and a 200 day moving average of $84.87. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.05 and a quick ratio of 0.73. The stock has a market capitalization of $11.50 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 2.19 and a beta of 0.86. Crown has a 12 month low of $69.61 and a 12 month high of $98.46.

Crown (NYSE:CCK) last announced its quarterly earnings data 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 business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Crown had a return on equity of 23.96% and a net margin of 3.68%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.68 EPS. As a group, sell-side analysts forecast that Crown will post 6.15 earnings per share for the current year.

Crown Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.05%. Crown’s dividend payout ratio (DPR) is 28.82%.

Insiders Place Their Bets

In other Crown news, COO Gerard H. Gifford sold 10,000 shares of Crown stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total transaction of $958,900.00. Following the transaction, the chief operating officer now owns 114,402 shares of the company’s stock, valued at $10,970,007.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $85.85, for a total value of $643,875.00. Following the transaction, the chief executive officer now owns 586,178 shares of the company’s stock, valued at approximately $50,323,381.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Gerard H. Gifford sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $95.89, for a total value of $958,900.00. Following the completion of the transaction, the chief operating officer now directly owns 114,402 shares in the company, valued at approximately $10,970,007.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,506 shares of company stock valued at $3,075,799 over the last quarter. Company insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its holdings in shares of Crown by 6.1% in the second quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 158 shares during the period. GAMMA Investing LLC boosted its stake in shares of Crown by 110.9% in the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock valued at $30,000 after buying an additional 163 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Crown by 36.1% in the second quarter. Fifth Third Bancorp now owns 664 shares of the industrial products company’s stock valued at $49,000 after buying an additional 176 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Crown by 2.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock valued at $894,000 after buying an additional 183 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Crown by 5.4% in the second quarter. CIBC Asset Management Inc now owns 4,079 shares of the industrial products company’s stock valued at $303,000 after buying an additional 209 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

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.