Crown (NYSE:CCK) Price Target Raised to $130.00

by · The Cerbat Gem

Crown (NYSE:CCK – Free Report) had its price target hoisted by Truist Financial from $126.00 to $130.00 in a research report released on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the industrial products company’s stock.

Several other research firms also recently commented on CCK. UBS Group reissued a “buy” rating and issued a $117.00 price objective on shares of Crown in a report on Tuesday, October 21st. Royal Bank Of Canada increased their price target on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Citigroup decreased their price objective on shares of Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, September 29th. Wells Fargo & Company upped their target price on shares of Crown from $97.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen upgraded Crown from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Crown presently has a consensus rating of “Moderate Buy” and an average price target of $118.92.

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Crown Stock Up 3.0%

Crown stock opened at $103.70 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 1.65. Crown has a 1-year low of $75.98 and a 1-year high of $109.48. The company has a fifty day simple moving average of $99.40 and a 200 day simple moving average of $99.37. The company has a market cap of $11.96 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 1.15 and a beta of 0.75.

Crown (NYSE:CCK – Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. Crown had a net margin of 7.79% and a return on equity of 26.86%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.99 EPS. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS and its FY 2025 guidance at 7.700-7.80 EPS. Research analysts anticipate that Crown will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, November 6th. Crown’s payout ratio is currently 12.87%.

Insider Activity at Crown

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in Crown by 24.1% in the 1st quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company’s stock valued at $4,367,000 after buying an additional 9,497 shares during the period. EP Wealth Advisors LLC bought a new position in Crown in the first quarter valued at approximately $218,000. Integrated Wealth Concepts LLC raised its position in Crown by 39.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company’s stock valued at $367,000 after purchasing an additional 1,161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Crown during the first quarter worth $111,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Crown by 6.3% in the 1st quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company’s stock valued at $528,000 after purchasing an additional 351 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

About Crown

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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.

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