Crown Holdings, Inc. (NYSE:CCK) Receives $116.92 Consensus Price Target from Brokerages

Shares of Crown Holdings, Inc. (NYSE:CCK) have received an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $118.0769.

A number of brokerages recently weighed in on CCK. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Crown in a research report on Friday. Bank of America boosted their price objective on shares of Crown from $110.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price objective on shares of Crown from $108.00 to $112.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Mizuho boosted their price objective on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Robert W. Baird boosted their price objective on shares of Crown from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd.

Crown Price Performance

CCK opened at $98.81 on Wednesday. The company has a 50-day moving average of $96.04 and a 200-day moving average of $97.71. The company has a market capitalization of $11.50 billion, a P/E ratio of 12.23, a PEG ratio of 1.34 and a beta of 0.73. Crown has a 1-year low of $75.98 and a 1-year high of $109.48. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06.

Crown (NYSE:CCK) last released its earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.26. Crown had a net margin of 7.79% and a return on equity of 27.35%. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the firm earned $1.99 EPS. The company’s revenue was up 4.2% on a year-over-year basis. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. Equities analysts expect that Crown will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 6th. Crown’s payout ratio is presently 12.87%.

Insider Transactions at Crown

In other Crown news, CEO Timothy J. Donahue sold 37,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the completion of the transaction, the chief executive officer directly owned 462,056 shares of the company’s stock, valued at $46,464,351.36. The trade was a 7.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in Crown by 19.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 633 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 104 shares during the period. Larson Financial Group LLC lifted its stake in shares of Crown by 47.6% in the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 107 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 111 shares during the period. ProShare Advisors LLC lifted its stake in shares of Crown by 2.3% in the 2nd quarter. ProShare Advisors LLC now owns 5,101 shares of the industrial products company’s stock worth $525,000 after acquiring an additional 113 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Crown by 1.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock worth $983,000 after acquiring an additional 114 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.

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.