Crown (NYSE:CCK) Rating Increased to Strong-Buy at BMO Capital Markets

BMO Capital Markets upgraded shares of Crown (NYSE:CCK) to a strong-buy rating in a report issued on Thursday morning,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Truist Financial decreased their price target on shares of Crown from $135.00 to $129.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Bank of America upped their price objective on shares of Crown from $129.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Crown in a report on Wednesday, July 8th. Wells Fargo & Company lifted their target price on shares of Crown from $109.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised shares of Crown from a “neutral” rating to an “overweight” rating and set a $107.00 price target for the company in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $124.07.

Crown Price Performance

CCK opened at $117.36 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $13.11 billion, a P/E ratio of 18.69, a PEG ratio of 1.95 and a beta of 0.60. The stock has a 50-day moving average price of $102.90 and a 200-day moving average price of $104.72. Crown has a 12-month low of $89.21 and a 12-month high of $118.50.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Crown had a return on equity of 26.62% and a net margin of 5.65%.Crown’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the firm posted $1.67 EPS. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. Equities analysts predict that Crown will post 8.06 earnings per share for the current fiscal year.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. Crown’s payout ratio is presently 22.29%.

Insider Activity

In related news, CEO Timothy J. Donahue sold 15,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the transaction, the chief executive officer directly owned 436,070 shares of the company’s stock, valued at $45,787,350. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by corporate insiders.

Institutional Trading of Crown

Large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of Crown by 24.1% in the 1st quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company’s stock valued at $4,367,000 after purchasing an additional 9,497 shares during the period. Integrated Wealth Concepts LLC grew its stake in Crown by 39.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 1,161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Crown in the first quarter worth $111,000. NewEdge Advisors LLC raised its holdings in Crown by 6.3% in the first quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company’s stock worth $528,000 after purchasing an additional 351 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Crown by 23.7% in the first quarter. Goldman Sachs Group Inc. now owns 666,262 shares of the industrial products company’s stock worth $59,471,000 after purchasing an additional 127,737 shares in the last quarter. 90.93% of the stock is owned by institutional investors.

About Crown

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.