Crown (NYSE:CCK) Shares Gap Down Following Analyst Downgrade

20 Oct 2026, 14:21 by Sarita Garza · The Markets Daily

Crown Holdings, Inc. (NYSE:CCK – Get Free Report) gapped down prior to trading on Tuesday after Wells Fargo & Company lowered their price target on the stock from $127.00 to $126.00. The stock had previously closed at $114.89, but opened at $106.09. Wells Fargo & Company currently has an equal weight rating on the stock. Crown shares last traded at $110.73, with a volume of 181,606 shares trading hands.

Other equities analysts have also issued reports about the company. Mizuho boosted their price target on Crown from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. upgraded Crown from a “neutral” rating to an “overweight” rating and set a $121.00 price objective for the company in a research report on Friday, September 18th. Raymond James Financial lifted their price objective on Crown from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Crown in a report on Wednesday, July 22nd. Finally, Truist Financial restated a “buy” rating and set a $141.00 price objective (up from $129.00) on shares of Crown in a research report on Wednesday, July 22nd. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Crown currently has an average rating of “Moderate Buy” and an average price target of $127.67.

Read Our Latest Stock Report on CCK

Trending Headlines about Crown

Here are the key news stories impacting Crown this week:

Positive Sentiment: Q3 earnings and revenue exceeded expectations. Crown reported adjusted EPS of $2.39 versus the $2.26 consensus estimate and revenue of $3.71 billion versus expectations of $3.46 billion. Revenue increased 15.9% year over year, while adjusted EPS rose from $2.24 in the prior-year quarter. Crown Holdings Q3 earnings and revenue results
Positive Sentiment: Higher can demand supported the quarter. Global beverage-can volumes grew more than 6%, helping offset rising costs. Crown also generated $225 million in net income, up from $214 million a year earlier, and repurchased $81 million of stock during the quarter. Crown Holdings reports higher profit as can volumes offset rising costs
Positive Sentiment: Valuation remains a potential catalyst. Coverage published after the results argues that CCK could still be about 16% undervalued, despite its recent 55% advance, suggesting investors may continue to respond favorably to the earnings growth and cash-flow outlook. Crown Holdings could be 16 percent undervalued
Neutral Sentiment: Management’s outlook is solid but not aggressive. Full-year adjusted EPS guidance is $8.35-$8.45, broadly around analyst expectations, while fourth-quarter adjusted EPS guidance of $1.63-$1.73 gives investors a more cautious near-term outlook. Adjusted free cash flow is expected to reach at least $950 million. Crown Holdings fourth-quarter guidance
Negative Sentiment: Wells Fargo lowered its price target and kept an Equal Weight rating. The firm reduced its target from $127 to $126, signaling limited conviction that the recent rally will continue even though the target remains above the current trading level. Wells Fargo Crown Holdings analyst rating

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CCK. Dimensional Fund Advisors LP raised its position in shares of Crown by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,977,123 shares of the industrial products company’s stock worth $198,186,000 after acquiring an additional 32,112 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Crown by 19.3% in the first quarter. Quantinno Capital Management LP now owns 1,156,902 shares of the industrial products company’s stock valued at $115,979,000 after acquiring an additional 186,849 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Crown in the second quarter valued at about $112,578,000. Nykredit A S bought a new position in Crown in the second quarter valued at about $99,537,000. Finally, Renaissance Technologies LLC increased its position in Crown by 14.7% in the first quarter. Renaissance Technologies LLC now owns 548,000 shares of the industrial products company’s stock worth $54,937,000 after purchasing an additional 70,300 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Stock Performance

The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 1.54 and a beta of 0.56. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.05 and a quick ratio of 0.65. The stock has a 50-day moving average of $112.95 and a 200 day moving average of $108.29.

Crown (NYSE:CCK – Get Free Report) last released its earnings results on Monday, October 19th. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.13. The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.46 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.24 EPS. On average, analysts expect that Crown Holdings, Inc. will post 8.39 EPS for the current year.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, August 6th. Crown’s dividend payout ratio (DPR) is currently 20.14%.

About Crown

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Crown Holdings, Inc (NYSE: CCK) is a global packaging company that designs, manufactures and sells metal packaging products. Its portfolio includes beverage cans, food cans, aerosol cans, closures and other specialty packaging used by consumer goods, food and beverage, household, personal care and industrial customers.