Crown Holdings, Inc. (NYSE:CCK) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Crown Holdings, Inc. (NYSE:CCK - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirteen ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $106.62.

CCK has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on Crown from $97.00 to $105.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. Morgan Stanley lifted their price target on shares of Crown from $105.00 to $109.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Robert W. Baird upped their price objective on shares of Crown from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. 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 note on Monday, October 21st. Finally, Truist Financial raised their price objective on Crown from $95.00 to $103.00 and gave the stock a "hold" rating in a report on Tuesday, October 15th.

Crown Price Performance

CCK stock traded up $0.10 on Wednesday, reaching $94.00. The company had a trading volume of 1,059,332 shares, compared to its average volume of 1,119,956. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21. The company's fifty day moving average is $93.20 and its 200 day moving average is $85.89. The company has a market cap of $11.34 billion, a P/E ratio of 115.92, a PEG ratio of 2.08 and a beta of 0.85. Crown has a 1 year low of $69.61 and a 1 year high of $98.46.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.06%. Crown's dividend payout ratio is currently 123.46%.

Insider Activity

In related news, CEO Timothy J. Donahue sold 7,500 shares of the company's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $90.58, for a total transaction of $679,350.00. Following the completion of the sale, the chief executive officer now directly owns 578,678 shares of the company's stock, valued at approximately $52,416,653.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Gerard H. Gifford sold 10,000 shares of the company's stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $95.89, for a total value of $958,900.00. Following the completion of the transaction, the chief operating officer now directly owns 114,402 shares in the company, valued at approximately $10,970,007.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction on Friday, September 6th. The stock was sold at an average price of $90.58, for a total transaction of $679,350.00. Following the sale, the chief executive officer now directly owns 578,678 shares in the company, valued at $52,416,653.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,506 shares of company stock valued at $3,157,399. Company insiders own 0.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CCK. Nisa Investment Advisors LLC grew its holdings in Crown by 6.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the industrial products company's stock worth $205,000 after acquiring an additional 158 shares in the last quarter. GAMMA Investing LLC grew its stake in Crown by 110.9% in the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company's stock worth $30,000 after purchasing an additional 163 shares in the last quarter. Fifth Third Bancorp increased its holdings in Crown by 36.1% in the second quarter. Fifth Third Bancorp now owns 664 shares of the industrial products company's stock valued at $49,000 after buying an additional 176 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Crown by 2.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company's stock valued at $894,000 after buying an additional 183 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Crown by 5.4% in the 2nd quarter. CIBC Asset Management Inc now owns 4,079 shares of the industrial products company's stock worth $303,000 after acquiring an additional 209 shares in the last quarter. 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.