Crown (NYSE:CCK) Stock Rating Upgraded by StockNews.com

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

A number of other research analysts also recently commented on CCK. Loop Capital boosted their price objective on shares of Crown from $106.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Truist Financial upped their price target on shares of Crown from $88.00 to $95.00 and gave the stock a "hold" rating in a research note on Wednesday, July 24th. Royal Bank of Canada lifted their price objective on Crown from $96.00 to $105.00 and gave the company an "outperform" rating in a research report on Friday, July 26th. Wells Fargo & Company boosted their target price on Crown from $85.00 to $88.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 24th. Finally, Citigroup raised their price target on Crown from $94.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $100.21.

Crown Stock Performance

NYSE CCK traded up $1.50 during trading hours on Wednesday, hitting $89.31. The company had a trading volume of 646,792 shares, compared to its average volume of 1,141,602. The business has a fifty day simple moving average of $80.65 and a 200-day simple moving average of $79.77. The company has a quick ratio of 0.73, a current ratio of 1.05 and a debt-to-equity ratio of 2.00. The firm has a market cap of $10.78 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 2.09 and a beta of 0.85. Crown has a fifty-two week low of $69.61 and a fifty-two week high of $94.49.

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

Insider Activity at Crown

In other news, Director James H. Miller sold 9,000 shares of the business's stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $82.93, for a total value of $746,370.00. Following the completion of the transaction, the director now owns 12,884 shares of the company's stock, valued at approximately $1,068,470.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Timothy J. Donahue sold 15,000 shares of the stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $85.03, for a total transaction of $1,275,450.00. Following the completion of the sale, the chief executive officer now owns 593,678 shares of the company's stock, valued at $50,480,440.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James H. Miller sold 9,000 shares of the business's stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $82.93, for a total transaction of $746,370.00. Following the completion of the sale, the director now directly owns 12,884 shares in the company, valued at $1,068,470.12. The disclosure for this sale can be found here. Insiders have sold 31,500 shares of company stock worth $2,665,695 in the last ninety days. Company insiders own 0.90% of the company's stock.

Hedge Funds Weigh In On Crown

A number of large investors have recently bought and sold shares of the company. Rise Advisors LLC bought a new position in shares of Crown in the 1st quarter valued at about $27,000. Quest Partners LLC acquired a new stake in Crown in the fourth quarter valued at $34,000. Mather Group LLC. bought a new position in Crown during the first quarter worth about $32,000. Quarry LP increased its position in Crown by 190.3% during the fourth quarter. Quarry LP now owns 421 shares of the industrial products company's stock worth $39,000 after buying an additional 276 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Crown in the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 90.93% of the company's stock.

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.

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