Analysts Set Crown Holdings, Inc. (NYSE:CCK) Price Target at $106.00

Shares of Crown Holdings, Inc. (NYSE:CCK - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twelve analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $106.00.

Several analysts have weighed in on CCK shares. Bank of America lowered their price objective on Crown from $107.00 to $101.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Barclays decreased their price objective on Crown from $112.00 to $109.00 and set an "overweight" rating for the company in a report on Monday, February 10th. StockNews.com upgraded Crown from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Morgan Stanley upgraded Crown from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $109.00 to $105.00 in a report on Monday, January 13th. Finally, Mizuho decreased their price objective on Crown from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th.

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Crown Trading Down 2.0 %

CCK stock traded down $1.78 during midday trading on Tuesday, hitting $86.99. The company had a trading volume of 1,409,632 shares, compared to its average volume of 1,139,438. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. Crown has a 52 week low of $70.84 and a 52 week high of $98.46. The stock's 50 day moving average price is $86.62 and its 200 day moving average price is $89.55. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 1.56 and a beta of 0.88.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. As a group, equities research analysts expect that Crown will post 6.96 earnings per share for the current fiscal year.

Crown Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.20%. This is an increase from Crown's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, March 18th. Crown's dividend payout ratio (DPR) is presently 29.21%.

Institutional Investors Weigh In On Crown

Several large investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Crown by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 117 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Crown by 4.6% during the 4th quarter. TD Private Client Wealth LLC now owns 2,864 shares of the industrial products company's stock valued at $237,000 after purchasing an additional 125 shares during the period. Spire Wealth Management grew its stake in shares of Crown by 16.2% during the 4th quarter. Spire Wealth Management now owns 992 shares of the industrial products company's stock valued at $82,000 after purchasing an additional 138 shares during the period. Bessemer Group Inc. grew its stake in shares of Crown by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 34,061 shares of the industrial products company's stock valued at $2,816,000 after purchasing an additional 138 shares during the period. Finally, Marshall & Sullivan Inc. WA grew its stake in shares of Crown by 0.3% during the 4th quarter. Marshall & Sullivan Inc. WA now owns 57,268 shares of the industrial products company's stock valued at $4,735,000 after purchasing an additional 155 shares during the period. 90.93% of the stock is currently owned by institutional investors.

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.