Brokerages Set Crown Holdings, Inc. (NYSE:CCK) Target Price at $106.62

Crown Holdings, Inc. (NYSE:CCK - Get Free Report) has received a consensus rating of "Moderate Buy" from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $106.62.

CCK has been the subject of several analyst reports. Citigroup raised their target price on Crown from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Robert W. Baird increased their target price on shares of Crown from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Barclays boosted their price target on shares of Crown from $100.00 to $112.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Wells Fargo & Company raised their price objective on shares of Crown from $97.00 to $105.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Finally, Loop Capital boosted their target price on Crown from $120.00 to $129.00 and gave the stock a "buy" rating in a report on Monday, October 21st.

Crown Stock Performance

Shares of NYSE CCK traded down $0.93 during trading hours on Friday, reaching $92.09. The stock had a trading volume of 420,081 shares, compared to its average volume of 1,093,787. The company has a market cap of $11.02 billion, a price-to-earnings ratio of 113.69, a PEG ratio of 2.04 and a beta of 0.85. Crown has a twelve month low of $69.61 and a twelve month high of $98.46. The business's fifty day moving average is $93.53 and its two-hundred day moving average is $87.11. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The industrial products company reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.81 by $0.18. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.07 billion. Crown had a net margin of 0.83% and a return on equity of 24.57%. As a group, research analysts expect that Crown will post 6.34 EPS for the current year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. Crown's payout ratio is currently 123.46%.

Insider Activity at Crown

In other news, COO Gerard H. Gifford sold 10,000 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total transaction of $958,900.00. Following the sale, the chief operating officer now owns 114,402 shares of the company's stock, valued at $10,970,007.78. This trade represents a 8.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $90.58, for a total value of $679,350.00. Following the transaction, the chief executive officer now owns 578,678 shares in the company, valued at $52,416,653.24. This trade represents a 1.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,506 shares of company stock worth $3,157,399 in the last ninety days. Company insiders own 0.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its position in Crown by 4.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,041 shares of the industrial products company's stock valued at $23,878,000 after purchasing an additional 10,295 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Crown by 139.2% in the 2nd quarter. Sei Investments Co. now owns 122,380 shares of the industrial products company's stock valued at $9,104,000 after acquiring an additional 71,227 shares in the last quarter. Jensen Investment Management Inc. increased its position in shares of Crown by 7.8% in the third quarter. Jensen Investment Management Inc. now owns 100,918 shares of the industrial products company's stock valued at $9,676,000 after acquiring an additional 7,280 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Crown by 22.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 198,984 shares of the industrial products company's stock worth $15,772,000 after acquiring an additional 36,895 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Crown by 62.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,142 shares of the industrial products company's stock valued at $1,722,000 after purchasing an additional 8,857 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

About Crown

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.