Crown (NYSE:CCK) Given New $109.00 Price Target at Barclays

Crown (NYSE:CCK - Get Free Report) had its price target cut by Barclays from $112.00 to $109.00 in a report issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the industrial products company's stock. Barclays's price objective suggests a potential upside of 23.35% from the company's current price.

A number of other analysts also recently commented on the stock. Truist Financial boosted their target price on shares of Crown from $103.00 to $104.00 and gave the stock a "hold" rating in a report on Monday, January 6th. UBS Group dropped their target price on shares of Crown from $113.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Mizuho dropped their target price on shares of Crown from $110.00 to $100.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada lifted their target price on shares of Crown from $113.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Loop Capital lifted their target price on shares of Crown from $120.00 to $129.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Crown currently has an average rating of "Moderate Buy" and a consensus price target of $105.69.

Crown Price Performance

Shares of CCK stock traded down $0.01 during midday trading on Monday, reaching $88.37. 878,917 shares of the company were exchanged, compared to its average volume of 1,394,797. Crown has a 12 month low of $70.84 and a 12 month high of $98.46. The company has a market cap of $10.57 billion, a P/E ratio of 24.82, a PEG ratio of 1.68 and a beta of 0.87. The company's 50 day moving average price is $85.24 and its two-hundred day moving average price is $89.39. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.84 and a current ratio of 1.22.

Crown (NYSE:CCK - Get Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. On average, sell-side analysts expect that Crown will post 6.83 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CCK. Pacer Advisors Inc. increased its stake in Crown by 10,138.8% in the 4th quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company's stock valued at $256,762,000 after buying an additional 3,074,791 shares during the period. Norges Bank acquired a new position in Crown in the 4th quarter valued at approximately $113,568,000. Metropolis Capital Ltd increased its stake in Crown by 269.7% in the 3rd quarter. Metropolis Capital Ltd now owns 1,455,752 shares of the industrial products company's stock valued at $139,578,000 after buying an additional 1,062,001 shares during the period. Thompson Siegel & Walmsley LLC acquired a new position in Crown in the 4th quarter valued at approximately $66,732,000. Finally, Jennison Associates LLC increased its stake in Crown by 125.0% in the 3rd quarter. Jennison Associates LLC now owns 1,352,711 shares of the industrial products company's stock valued at $129,698,000 after buying an additional 751,530 shares during the period. 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.