Crown Holdings, Inc. (CCK) – What Are Brokerages Saying About This Stock?

Crown Holdings, Inc. (NYSE:CCK) has been given an average recommendation of “Moderate Buy” by the seventeen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $128.47.

A number of research analysts recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Crown from $131.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Truist Financial reaffirmed a “buy” rating and issued a $141.00 target price (up from $129.00) on shares of Crown in a research report on Wednesday, July 22nd. Wall Street Zen cut Crown from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Raymond James Financial raised their target price on Crown from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Crown in a report on Wednesday, July 22nd.

Crown Stock Performance

Shares of NYSE CCK opened at $121.31 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.14 and a debt-to-equity ratio of 1.65. The firm’s 50-day moving average price is $113.11 and its two-hundred day moving average price is $108.92. Crown has a 52-week low of $91.31 and a 52-week high of $126.36. The stock has a market capitalization of $13.11 billion, a P/E ratio of 16.90, a P/E/G ratio of 1.52 and a beta of 0.54.

Crown (NYSE:CCK) last posted its earnings results on Monday, October 19th. The industrial products company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.26 by $0.13. The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.45 billion. Crown had a return on equity of 27.41% and a net margin of 5.78%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.24 earnings per share. As a group, sell-side analysts forecast that Crown will post 8.41 earnings per share for the current year.

Crown Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 5th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 5th. Crown’s dividend payout ratio (DPR) is 19.50%.

Institutional Trading of Crown

Several hedge funds have recently bought and sold shares of CCK. Childress Capital Advisors LLC increased its stake in Crown by 1.4% in the 3rd quarter. Childress Capital Advisors LLC now owns 7,901 shares of the industrial products company’s stock valued at $833,000 after buying an additional 108 shares during the last quarter. Anchor Investment Management LLC lifted its position in Crown by 5.8% during the 2nd quarter. Anchor Investment Management LLC now owns 1,974 shares of the industrial products company’s stock worth $221,000 after buying an additional 109 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Crown by 2.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,838 shares of the industrial products company’s stock worth $585,000 after buying an additional 121 shares during the last quarter. Amova Asset Management Americas Inc. boosted its stake in shares of Crown by 2.1% during the 1st quarter. Amova Asset Management Americas Inc. now owns 5,838 shares of the industrial products company’s stock worth $585,000 after buying an additional 121 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Crown by 13.4% during the 3rd quarter. Parallel Advisors LLC now owns 1,127 shares of the industrial products company’s stock worth $119,000 after buying an additional 133 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.

Crown Company Profile

Crown Holdings, Inc is a global packaging company that designs and manufactures metal packaging for consumer goods and industrial products. Its products include beverage cans, food cans, aerosol containers, metal closures and other packaging components.

The company serves customers across a range of industries, including beverage, food, household and personal care, and industrial markets. Its operations span North America, Europe, Asia-Pacific and other international markets.

Crown traces its roots to 1892, when William Painter founded the Crown Cork and Seal Company in Baltimore.