Mizuho Lowers Crown (NYSE:CCK) Price Target to $100.00

Crown (NYSE:CCK - Get Free Report) had its target price decreased by analysts at Mizuho from $110.00 to $100.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the industrial products company's stock. Mizuho's price target suggests a potential upside of 24.58% from the company's current price.

Other research analysts have also issued research reports about the company. Robert W. Baird upped their price target on Crown from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. StockNews.com raised Crown from a "hold" rating to a "buy" rating in a research note on Thursday, January 2nd. Royal Bank of Canada boosted their price objective on shares of Crown from $105.00 to $113.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Bank of America cut their target price on shares of Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Wells Fargo & Company decreased their price target on shares of Crown from $105.00 to $88.00 and set an "equal weight" rating for the company in a research note on Monday. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Crown presently has an average rating of "Moderate Buy" and an average price target of $104.62.

Crown Trading Up 0.2 %

Shares of NYSE CCK traded up $0.16 during midday trading on Tuesday, reaching $80.27. The company had a trading volume of 1,103,179 shares, compared to its average volume of 927,295. The firm's fifty day moving average price is $88.54 and its 200-day moving average price is $87.79. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19. Crown has a one year low of $69.61 and a one year high of $98.46. The stock has a market cap of $9.60 billion, a PE ratio of 99.10, a price-to-earnings-growth ratio of 1.95 and a beta of 0.86.

Crown (NYSE:CCK - Get Free Report) last issued its earnings results on Thursday, October 17th. The industrial products company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.81 by $0.18. Crown had a net margin of 0.83% and a return on equity of 24.57%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.07 billion. On average, equities research analysts anticipate that Crown will post 6.34 earnings per share for the current year.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total value of $725,475.00. Following the completion of the transaction, the chief executive officer now owns 563,678 shares in the company, valued at $54,524,572.94. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Gerard H. Gifford sold 10,000 shares of the 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 sale, the chief operating officer now directly owns 114,402 shares in the company, valued at $10,970,007.78. This trade represents a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Sessa Capital IM L.P. grew its stake in shares of Crown by 153.0% during the 2nd quarter. Sessa Capital IM L.P. now owns 3,289,374 shares of the industrial products company's stock valued at $244,697,000 after purchasing an additional 1,989,374 shares during the period. Metropolis Capital Ltd grew its position in Crown by 269.7% during the third 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. Jennison Associates LLC increased its holdings in Crown by 125.0% during the third 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 last quarter. FMR LLC raised its position in Crown by 9.3% in the third quarter. FMR LLC now owns 8,787,606 shares of the industrial products company's stock worth $842,556,000 after acquiring an additional 749,085 shares during the period. Finally, 1832 Asset Management L.P. boosted its stake in shares of Crown by 31.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,976,500 shares of the industrial products company's stock worth $147,032,000 after acquiring an additional 473,000 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other 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.