Crown Holdings, Inc. (NYSE:CCK) Given Consensus Rating of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Shares of Crown Holdings, Inc. (NYSE:CCKGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $118.9231.

CCK has been the subject of several research reports. Mizuho raised their target price on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. UBS Group reissued a “buy” rating and issued a $117.00 price objective on shares of Crown in a research note on Tuesday, October 21st. Truist Financial upped their target price on Crown from $126.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday. Wells Fargo & Company increased their target price on Crown from $99.00 to $106.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Royal Bank Of Canada boosted 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.

Get Our Latest Stock Analysis on CCK

Crown Stock Performance

Shares of CCK stock opened at $104.47 on Monday. The firm has a 50 day moving average of $99.55 and a 200-day moving average of $99.37. The company has a market cap of $12.05 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 1.19 and a beta of 0.75. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 1.65. Crown has a 52 week low of $75.98 and a 52 week high of $109.48.

Crown (NYSE:CCKGet Free Report) last issued its earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.26. Crown had a net margin of 7.79% and a return on equity of 26.86%. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the firm earned $1.99 earnings per share. Crown’s revenue was up 4.2% on a year-over-year basis. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS and its FY 2025 guidance at 7.700-7.80 EPS. On average, equities analysts forecast that Crown will post 6.96 earnings per share for the current year.

Crown Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were issued a $0.26 dividend. 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 dividend payout ratio is currently 12.87%.

Insider Activity

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

Hedge Funds Weigh In On Crown

A number of hedge funds have recently bought and sold shares of CCK. Norges Bank purchased a new stake in shares of Crown in the second quarter valued at about $184,046,000. JPMorgan Chase & Co. grew its position in Crown by 226.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,474,038 shares of the industrial products company’s stock worth $142,377,000 after purchasing an additional 1,022,789 shares in the last quarter. Invesco Ltd. grew its position in Crown by 58.6% in the 2nd quarter. Invesco Ltd. now owns 2,727,276 shares of the industrial products company’s stock worth $280,855,000 after purchasing an additional 1,007,980 shares in the last quarter. Swedbank AB increased its stake in Crown by 60.8% in the 3rd quarter. Swedbank AB now owns 2,493,570 shares of the industrial products company’s stock valued at $240,854,000 after buying an additional 943,045 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Crown by 36.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,467,550 shares of the industrial products company’s stock worth $333,197,000 after buying an additional 933,938 shares in the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

About Crown

(Get Free Report)

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.

Read More