Crown (NYSE:CCK) Price Target Lowered to $120.00 at UBS Group
by Mitch Edgeman · The Markets DailyCrown (NYSE:CCK – Free Report) had its price objective trimmed by UBS Group from $126.00 to $120.00 in a report released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the industrial products company’s stock.
A number of other research firms also recently weighed in on CCK. Mizuho raised their price target on shares of Crown from $120.00 to $130.00 and gave the company 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. Wolfe Research set a $115.00 price target on shares of Crown in a research note on Friday, February 6th. Royal Bank Of Canada raised their price target on shares of Crown from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Crown in a report on Monday, February 23rd. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $124.73.
Get Our Latest Analysis on Crown
Crown Trading Down 0.8%
CCK opened at $107.01 on Friday. The company’s 50 day moving average is $107.74 and its 200-day moving average is $101.98. Crown has a 1-year low of $80.64 and a 1-year high of $116.62. The company has a current ratio of 1.03, a quick ratio of 0.66 and a debt-to-equity ratio of 1.55. The company has a market cap of $12.01 billion, a P/E ratio of 16.80, a PEG ratio of 1.77 and a beta of 0.75.
Crown (NYSE:CCK – Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.05. Crown had a net margin of 5.97% and a return on equity of 26.68%. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the company posted $1.59 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. Equities research analysts predict that Crown will post 6.96 earnings per share for the current fiscal year.
Crown Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a $0.35 dividend. This is a boost from Crown’s previous quarterly dividend of $0.26. The ex-dividend date was Tuesday, March 17th. This represents a $1.40 dividend on an annualized basis and a yield of 1.3%. Crown’s dividend payout ratio (DPR) is 21.98%.
Insider Buying and Selling
In related news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $105.00, for a total value of $787,500.00. Following the completion of the transaction, the chief executive officer owned 458,570 shares in the company, valued at $48,149,850. This trade represents a 1.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Djalma Novaes, Jr. sold 29,734 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the sale, the chief operating officer directly owned 88,052 shares of the company’s stock, valued at $10,108,369.60. This represents a 25.24% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 52,234 shares of company stock valued at $5,818,488. 0.90% of the stock is owned by company insiders.
Institutional Trading of Crown
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its position in Crown by 103.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 134 shares during the period. Smartleaf Asset Management LLC increased its position 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 purchasing an additional 148 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Crown during the 3rd quarter valued at approximately $29,000. ORG Partners LLC increased its position 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 purchasing an additional 105 shares during the period. Finally, Geneos Wealth Management Inc. increased its position 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 purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.
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.