Crown (NYSE:CCK) Rating Increased to Buy at StockNews.com

Crown (NYSE:CCK - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Friday.

Other research analysts have also recently issued research reports about the stock. UBS Group decreased their target price on shares of Crown from $113.00 to $108.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Mizuho decreased their target price on shares of Crown from $110.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Robert W. Baird upped their target price on shares of Crown from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Truist Financial upped their target price on shares of Crown from $103.00 to $104.00 and gave the stock a "hold" rating in a research report on Monday, January 6th. Finally, Royal Bank of Canada upped their target price on shares of Crown from $113.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $105.69.

Crown Stock Up 1.2 %

Shares of Crown stock traded up $1.06 during trading on Friday, reaching $89.21. The company had a trading volume of 649,445 shares, compared to its average volume of 1,403,363. The company has a market cap of $10.67 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 1.68 and a beta of 0.87. The firm's fifty day moving average is $85.36 and its 200-day moving average is $89.37. 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 has a fifty-two week low of $70.84 and a fifty-two week high of $98.46.

Crown (NYSE:CCK - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (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, analysts anticipate that Crown will post 6.83 EPS for the current year.

Institutional Trading of Crown

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC lifted its position in shares of Crown by 9.3% in 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 position in shares of Crown by 1.8% in the 4th 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 in the last quarter. State Street Corp lifted its position in shares of Crown by 1.8% in the 3rd quarter. State Street Corp now owns 4,000,402 shares of the industrial products company's stock valued at $383,559,000 after acquiring an additional 69,260 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Crown by 10,138.8% in the 4th quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company's stock valued at $256,762,000 after acquiring an additional 3,074,791 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Crown by 10.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,967,810 shares of the industrial products company's stock valued at $245,408,000 after acquiring an additional 283,014 shares in the last quarter. 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.