Crown (NYSE:CCK) Price Target Raised to $115.00 at Royal Bank of Canada

Crown (NYSE:CCK - Get Free Report) had its price objective boosted by investment analysts at Royal Bank of Canada from $113.00 to $115.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the industrial products company's stock. Royal Bank of Canada's target price would indicate a potential upside of 28.26% from the stock's previous close.

CCK has been the subject of a number of other research reports. Barclays boosted their target price on Crown from $100.00 to $112.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. UBS Group decreased their price target on Crown from $113.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Bank of America decreased their price target on Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Citigroup lifted their price target on Crown from $110.00 to $111.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Finally, Robert W. Baird lifted their price target on Crown from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $105.69.

Crown Price Performance

NYSE:CCK traded up $1.51 during mid-day trading on Friday, reaching $89.66. The stock had a trading volume of 1,115,693 shares, compared to its average volume of 1,421,277. The firm has a 50 day moving average price of $85.36 and a two-hundred day moving average price of $89.37. The stock has a market capitalization of $10.73 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.68 and a beta of 0.87. Crown has a one year low of $70.84 and a one year high of $98.46. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.84 and a current ratio of 1.22.

Crown (NYSE:CCK - Get Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates 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, analysts expect that Crown will post 6.83 earnings per share for the current year.

Institutional Investors Weigh In On Crown

Several hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Crown by 20.0% during the fourth 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 in the last quarter. TD Private Client Wealth LLC boosted its holdings in Crown by 4.6% in the fourth quarter. TD Private Client Wealth LLC now owns 2,864 shares of the industrial products company's stock worth $237,000 after acquiring an additional 125 shares in the last quarter. Spire Wealth Management boosted its holdings in Crown by 16.2% in the fourth quarter. Spire Wealth Management now owns 992 shares of the industrial products company's stock worth $82,000 after acquiring an additional 138 shares in the last quarter. Marshall & Sullivan Inc. WA boosted its holdings in Crown by 0.3% in the fourth quarter. Marshall & Sullivan Inc. WA now owns 57,268 shares of the industrial products company's stock worth $4,735,000 after acquiring an additional 155 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings 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 acquiring an additional 163 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors.

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.