Crown (NYSE:CCK) Price Target Raised to $130.00

Crown (NYSE:CCK) had its target price raised by Robert W. Baird from $120.00 to $130.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the industrial products company’s stock.

CCK has been the subject of a number of other reports. Mizuho boosted their price target on shares of Crown from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday. Truist Financial dropped their price objective on Crown from $135.00 to $129.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Raymond James Financial lifted their target price on Crown from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Bank of America boosted their target price on Crown from $129.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, Jefferies Financial Group set a $121.00 target price on Crown in a research report on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and a consensus target price of $128.20.

Crown Stock Up 3.0%

CCK stock opened at $117.88 on Wednesday. The stock has a market cap of $13.17 billion, a P/E ratio of 16.96, a PEG ratio of 1.69 and a beta of 0.60. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.63. Crown has a twelve month low of $89.21 and a twelve month high of $121.76. The company’s 50 day moving average is $104.60 and its two-hundred day moving average is $105.16.

Crown (NYSE:CCK) last issued its earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.33. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.15 EPS. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. Research analysts expect that Crown will post 8.39 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. Crown’s payout ratio is presently 20.14%.

Insider Activity at Crown

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

Hedge Funds Weigh In On Crown

Institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Crown in the third quarter valued at about $29,000. ORG Partners LLC increased its stake in shares of Crown by 52.5% during the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 105 shares during the period. Geneos Wealth Management Inc. raised its holdings in Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 111 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in Crown during the fourth quarter worth about $42,000. Finally, Smartleaf Asset Management LLC lifted its position in Crown by 52.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 151 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown News Roundup

Here are the key news stories impacting Crown this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Crown Holdings to $135 from $131 and reiterated an outperform rating, suggesting meaningful upside from current levels. Benzinga report
• Positive Sentiment: Crown Holdings declared a quarterly dividend of $0.35 per share, which can appeal to income-focused investors and signals continued shareholder returns. Press release
• Positive Sentiment: Several analysts remained constructive after the earnings beat, including Truist reaffirming Buy and Wells Fargo lifting its price target to $127, which adds to the bullish tone around the stock. Article
• Neutral Sentiment: UBS reportedly kept a Hold rating, indicating some analysts see the shares as fairly valued after the recent rally. UBS Hold report
• Negative Sentiment: J.P. Morgan reportedly downgraded Crown to Neutral after the strong run-up, which may reflect concerns that much of the good news is already priced in. Seeking Alpha report

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.