Brokerages Set Crown Holdings, Inc. (NYSE:CCK) Target Price at $101.14

Shares of Crown Holdings, Inc. (NYSE:CCK - Get Free Report) have received a consensus rating of "Moderate Buy" from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $101.14.

CCK has been the topic of a number of research reports. StockNews.com lowered shares of Crown from a "buy" rating to a "hold" rating in a research note on Monday, September 9th. Barclays boosted their price target on Crown from $95.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. Citigroup lifted their target price on Crown from $94.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 25th. Bank of America upped their price target on shares of Crown from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company lifted their price objective on shares of Crown from $85.00 to $88.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 24th.

Insiders Place Their Bets

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $85.03, for a total value of $1,275,450.00. Following the sale, the chief executive officer now owns 593,678 shares in the company, valued at $50,480,440.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the company's stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $85.85, for a total value of $643,875.00. Following the completion of the transaction, the chief executive officer now owns 586,178 shares of the company's stock, valued at approximately $50,323,381.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Timothy J. Donahue sold 15,000 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $85.03, for a total value of $1,275,450.00. Following the completion of the transaction, the chief executive officer now owns 593,678 shares of the company's stock, valued at $50,480,440.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,000 shares of company stock valued at $2,598,675. 0.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CCK. Rise Advisors LLC acquired a new position in Crown during the 1st quarter worth about $27,000. Mather Group LLC. acquired a new position in shares of Crown in the first quarter worth approximately $32,000. Quest Partners LLC acquired a new position in shares of Crown in the fourth quarter worth approximately $34,000. Quarry LP boosted its holdings in Crown by 190.3% in the fourth quarter. Quarry LP now owns 421 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 276 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in Crown during the 1st quarter valued at approximately $41,000. Institutional investors and hedge funds own 90.93% of the company's stock.

Crown Stock Performance

Crown stock traded down $0.25 during midday trading on Tuesday, reaching $92.22. 572,903 shares of the company's stock were exchanged, compared to its average volume of 1,134,041. The stock's 50-day simple moving average is $85.86 and its 200 day simple moving average is $81.67. The firm has a market cap of $11.14 billion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 2.13 and a beta of 0.85. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.73 and a current ratio of 1.05. Crown has a 52 week low of $69.61 and a 52 week high of $93.79.

Crown (NYSE:CCK - Get Free Report) last issued its earnings results on Monday, July 22nd. The industrial products company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.59 by $0.22. Crown had a return on equity of 23.96% and a net margin of 3.68%. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the previous year, the company posted $1.68 EPS. The firm's revenue for the quarter was down 2.2% compared to the same quarter last year. On average, analysts expect that Crown will post 6.15 earnings per share for the current fiscal year.

Crown Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, August 15th. Crown's dividend payout ratio is presently 28.82%.

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.