Crown (CCK) Stock Price, News & Analysis

Company Overview

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. It also provides manual, semi-automatic, and automatic equipment and tools to apply and remove consumables, such as straps and films; protective solutions, including airbags, edge protectors, and honeycomb products; and steel and plastic consumables include steel strap, plastic strap, industrial film, and other related products. The company serves food industries, including pet food, personal care, household, and industrial products. Crown Holdings, Inc. was founded in 1892 and is headquartered in Yardley, Pennsylvania.

Key Stats

• Today's Range: $82.14 to $83.74
• 50-Day Range: $82.24 to $97.75
• 52-Week Range: $69.61 to $98.46
• Volume: 6.17 million shs
• Average Volume: 1.16 million shs
• Market Capitalization: $9.94 billion
• P/E Ratio: 102.53
• Dividend Yield: 1.20%
• Price Target: $106.62
• Consensus Rating: Moderate Buy

Crown Stock Analysis - MarketRank™

Crown scored higher than 95% of companies evaluated by MarketBeat, and ranked 14th out of 177 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Crown has received a consensus rating of Moderate Buy. The company's average rating score is 2.77, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Crown has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 8.04%

Earnings Growth

Earnings for Crown are expected to grow by 8.04% in the coming year, from $6.34 to $6.85 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Crown is 102.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Crown is 102.53, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.08.

Price to Earnings Growth Ratio

Crown has a PEG Ratio of 1.95. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Crown has a P/B Ratio of 3.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.10% of the float of Crown has been sold short.

Short Interest Ratio / Days to Cover

Crown has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Crown has recently increased by 34.31%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Crown pays a meaningful dividend of 1.17%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Crown does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Crown is 123.46%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Crown will have a dividend payout ratio of 14.60% next year. This indicates that Crown will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.2 / 5
• Environmental Score: -5.03

Percentage of Shares Shorted

3.10% of the float of Crown has been sold short.

Short Interest Ratio / Days to Cover

Crown has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Crown has recently increased by 34.31%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.08

News Sentiment

Crown has a news sentiment score of 1.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.72 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Crown this week, compared to 9 articles on an average week.

Search Interest

Only 3 people have searched for CCK on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

MarketBeat Follows

4 people have added Crown to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Crown insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,478,049.00 in company stock.

Percentage Held by Insiders

Only 0.90% of the stock of Crown is held by insiders.

Percentage Held by Institutions

90.93% of the stock of Crown is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CCK Stock Analysis - Frequently Asked Questions

How have CCK shares performed this year?

Crown's stock was trading at $92.09 at the beginning of 2024. Since then, CCK shares have decreased by 9.8% and is now trading at $83.05.
View the best growth stocks for 2024 here.

How were Crown's earnings last quarter?

Crown Holdings, Inc. (NYSE:CCK) issued its earnings results on Thursday, October, 17th. The industrial products company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.81 by $0.18. The industrial products company had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.07 billion. Crown had a net margin of 0.83% and a trailing twelve-month return on equity of 24.57%.

Does Crown have any subsidiaries?

The following companies are subsidiaries of Crown: Signode Industrial Group, EMPAQUE, Mivisa, CarnaudMetalbox Engineering Ltd, Constar International, Adularia Inversiones 2010 S.L., Angleboard Sweden AB, and more.

Who are Crown's major shareholders?

Top institutional investors of Crown include FMR LLC (7.35%), Victory Capital Management Inc. (4.71%), State Street Corp (3.34%) and Sessa Capital IM L.P. (2.54%). Insiders that own company stock include Timothy J Donahue, Gerard H Gifford, Djalma Novaes Jr, James H Miller, Christy L Kalaus, John W Conway and Hock Huat Goh.
View institutional ownership trends.

How do I buy shares of Crown?

Shares of CCK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Crown own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Crown investors own include NVIDIA (NVDA), Meta Platforms (META), Arista Networks (ANET), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE) and General Electric (GE).

Company Calendar

• Last Earnings: 10/17/2024
• Ex-Dividend for 11/27 Dividend: 11/14/2024
• Dividend Payable: 11/27/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Metal cans
• Sub-Industry: Metal & Glass Containers
• Current Symbol: NYSE:CCK
• CUSIP: 22836810
• CIK: 1219601
• Web: www.crowncork.com
• Phone: (215) 698-5100
• Fax: 215-698-7050
• Employees: 25,000
• Year Founded: 1892

Price Target and Rating

• Average Stock Price Target: $106.62
• High Stock Price Target: $129.00
• Low Stock Price Target: $90.00
• Potential Upside/Downside: +28.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.77
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.81
• Trailing P/E Ratio: 102.53
• Forward P/E Ratio: 13.10
• P/E Growth: 1.95
• Net Income: $450 million
• Net Margins: 0.83%
• Pretax Margin: 3.10%
• Return on Equity: 24.57%
• Return on Assets: 4.87%

Debt

• Debt-to-Equity Ratio: 2.19
• Current Ratio: 1.21
• Quick Ratio: 0.84

Sales & Book Value

• Annual Sales: $11.76 billion
• Price / Sales: 0.85
• Cash Flow: $9.38 per share
• Price / Cash Flow: 8.85
• Book Value: $23.74 per share
• Price / Book: 3.50

Miscellaneous

• Outstanding Shares: 119,632,000
• Free Float: 118,555,000
• Market Cap: $9.94 billion
• Optionable: Optionable
• Beta: 0.83