Crown Holdings, Inc. (NYSE:CCK) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Crown Holdings, Inc. (NYSE:CCK) have received a consensus rating of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $106.00.

CCK has been the topic of several analyst reports. UBS Group cut their target price on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Mizuho cut their target price on Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Barclays cut their target price on Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Finally, Citigroup lifted their target price on Crown from $110.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, January 6th.

Institutional Investors Weigh In On Crown

A number of institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Crown by 9.3% during the third quarter. FMR LLC now owns 8,787,606 shares of the industrial products company’s stock worth $842,556,000 after purchasing an additional 749,085 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Crown by 1.8% during the fourth quarter. Victory Capital Management Inc. now owns 5,779,691 shares of the industrial products company’s stock worth $477,923,000 after purchasing an additional 102,789 shares during the period. State Street Corp lifted its holdings in shares of Crown by 1.8% during the third quarter. State Street Corp now owns 4,000,402 shares of the industrial products company’s stock worth $383,559,000 after purchasing an additional 69,260 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Crown by 10,138.8% during the fourth quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company’s stock worth $256,762,000 after purchasing an additional 3,074,791 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Crown by 10.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,967,810 shares of the industrial products company’s stock worth $245,408,000 after purchasing an additional 283,014 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Stock Performance

Shares of Crown stock opened at $91.24 on Tuesday. The firm has a market cap of $10.73 billion, a P/E ratio of 25.63, a P/E/G ratio of 1.56 and a beta of 0.88. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. Crown has a 12 month low of $70.84 and a 12 month high of $98.46. The stock’s fifty day moving average price is $86.18 and its 200-day moving average price is $89.55.

Crown (NYSE:CCK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, beating 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%. On average, equities research analysts expect that Crown will post 6.96 earnings per share for the current fiscal year.

Crown Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.26 per share. This is an increase from Crown’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.14%. Crown’s payout ratio is 29.21%.

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.