Crown (NYSE:CCK) Upgraded by StockNews.com to "Buy"

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

A number of other equities analysts have also recently issued reports on CCK. Wells Fargo & Company raised their price objective on shares of Crown from $97.00 to $105.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. Bank of America lifted their price objective on Crown from $98.00 to $102.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. Royal Bank of Canada upped their price objective on Crown from $105.00 to $113.00 and gave the company an "outperform" rating in a report on Wednesday. Barclays raised their target price on Crown from $100.00 to $112.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Finally, Loop Capital upped their price target on Crown from $120.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Crown currently has a consensus rating of "Moderate Buy" and an average price target of $106.62.

Crown Trading Down 1.6 %

Crown stock traded down $1.50 during trading hours on Friday, reaching $93.70. 709,754 shares of the company's stock traded hands, compared to its average volume of 1,131,258. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 2.19 and a beta of 0.86. 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 fifty-two week low of $69.61 and a fifty-two week high of $98.46. The firm's 50 day moving average is $92.52 and its 200-day moving average is $85.02.

Insider Activity

In related news, COO Gerard H. Gifford sold 10,000 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total transaction of $958,900.00. Following the completion of the transaction, the chief operating officer now directly owns 114,402 shares in the company, valued at approximately $10,970,007.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the business's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $93.00, for a total transaction of $697,500.00. Following the sale, the chief executive officer now directly owns 571,178 shares of the company's stock, valued at $53,119,554. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Gerard H. Gifford sold 10,000 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total transaction of $958,900.00. Following the transaction, the chief operating officer now owns 114,402 shares of the company's stock, valued at approximately $10,970,007.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,506 shares of company stock worth $3,075,799 over the last three months. Corporate insiders own 0.90% of the company's stock.

Institutional Trading of Crown

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Crown by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 12,002,342 shares of the industrial products company's stock worth $951,306,000 after purchasing an additional 176,639 shares during the last quarter. Sessa Capital IM L.P. increased its holdings in Crown by 153.0% during the second quarter. Sessa Capital IM L.P. now owns 3,289,374 shares of the industrial products company's stock worth $244,697,000 after buying an additional 1,989,374 shares during the last quarter. William Blair Investment Management LLC raised its position in Crown by 2.0% during the first quarter. William Blair Investment Management LLC now owns 2,826,399 shares of the industrial products company's stock worth $224,020,000 after acquiring an additional 56,604 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in Crown by 31.5% in the second quarter. 1832 Asset Management L.P. now owns 1,976,500 shares of the industrial products company's stock valued at $147,032,000 after acquiring an additional 473,000 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Crown by 7.1% in the 2nd quarter. Clearbridge Investments LLC now owns 1,677,752 shares of the industrial products company's stock valued at $124,808,000 after acquiring an additional 111,589 shares during the period. Institutional investors 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.