Crown (NYSE:CCK) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Crown (NYSE:CCK - Get Free Report) had its price target upped by stock analysts at Wells Fargo & Company from $86.00 to $90.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the industrial products company's stock. Wells Fargo & Company's price target would suggest a potential upside of 0.89% from the company's current price.

Several other research analysts have also weighed in on CCK. Mizuho lowered their target price on shares of Crown from $110.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada boosted their target price on Crown from $105.00 to $113.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Morgan Stanley raised Crown from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $109.00 to $105.00 in a research note on Monday, January 13th. Truist Financial lifted their price target on Crown from $103.00 to $104.00 and gave the stock a "hold" rating in a research note on Monday, January 6th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Crown has a consensus rating of "Moderate Buy" and an average price target of $105.69.

Crown Stock Performance

Crown stock traded up $1.06 during midday trading on Friday, hitting $89.21. 611,843 shares of the company's stock were exchanged, compared to its average volume of 1,400,765. 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 12-month low of $70.84 and a 12-month high of $98.46. The firm's 50 day simple moving average is $85.36 and its 200 day simple moving average is $89.37. The stock has a market cap of $10.67 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 1.68 and a beta of 0.87.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. Equities research analysts predict that Crown will post 6.83 EPS for the current year.

Hedge Funds Weigh In On Crown

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCK. GAMMA Investing LLC raised its position in Crown by 110.9% during the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company's stock valued at $30,000 after buying an additional 163 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Crown by 160.0% during the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock worth $34,000 after purchasing an additional 256 shares during the period. Covestor Ltd boosted its holdings in shares of Crown by 156.5% during the third quarter. Covestor Ltd now owns 454 shares of the industrial products company's stock worth $44,000 after purchasing an additional 277 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Crown during the third quarter worth approximately $44,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Crown in the third quarter worth $48,000. 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.