Crown Holdings, Inc. (NYSE:CCK) Receives $105.69 Average Price Target from Brokerages

Shares of Crown Holdings, Inc. (NYSE:CCK - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $105.69.

A number of equities analysts have commented on CCK shares. Royal Bank of Canada lifted their target price on Crown from $113.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Wells Fargo & Company boosted their price objective on Crown from $86.00 to $90.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. Citigroup increased their target price on Crown from $110.00 to $111.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Bank of America reduced their price target on shares of Crown from $107.00 to $101.00 and set a "buy" rating for the company in a report on Monday, January 6th. Finally, StockNews.com raised shares of Crown from a "hold" rating to a "buy" rating in a report on Friday, February 7th.

Institutional Trading of Crown

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCK. FMR LLC grew its stake in Crown by 9.3% during the 3rd quarter. FMR LLC now owns 8,787,606 shares of the industrial products company's stock valued at $842,556,000 after acquiring an additional 749,085 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Crown by 1.8% in the fourth quarter. Victory Capital Management Inc. now owns 5,779,691 shares of the industrial products company's stock valued at $477,923,000 after acquiring an additional 102,789 shares during the last quarter. State Street Corp grew its position in Crown by 1.8% in the third quarter. State Street Corp now owns 4,000,402 shares of the industrial products company's stock worth $383,559,000 after acquiring an additional 69,260 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Crown by 10,138.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company's stock worth $256,762,000 after purchasing an additional 3,074,791 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Crown by 10.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,967,810 shares of the industrial products company's stock worth $245,408,000 after buying an additional 283,014 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Stock Down 0.3 %

Shares of CCK traded down $0.31 during trading on Friday, reaching $88.11. The company's stock had a trading volume of 716,116 shares, compared to its average volume of 1,482,449. Crown has a twelve month low of $70.84 and a twelve month high of $98.46. The company has a quick ratio of 0.84, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 24.75, a P/E/G ratio of 1.68 and a beta of 0.87. The company has a fifty day moving average of $85.21 and a two-hundred day moving average of $89.41.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, beating 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 predict that Crown will post 6.83 EPS for the current fiscal year.

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.