Crown (CCK) Downgraded to “C” at TheStreet

Crown (NYSE:CCK) was downgraded by analysts at TheStreet from a “b” rating to a “c” rating in a research report issued on Thursday.

Other analysts also recently issued reports about the company. ValuEngine downgraded Crown from a “buy” rating to a “hold” rating in a research note on Friday. KeyCorp reissued a “hold” rating on shares of Crown in a research note on Thursday, October 19th. Zacks Investment Research downgraded Crown from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. Vertical Research raised Crown from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Finally, UBS Group started coverage on Crown in a research report on Wednesday, November 29th. They set a “neutral” rating and a $65.00 price target for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $64.27.

Shares of Crown (NYSE CCK) opened at $51.12 on Thursday. The company has a market capitalization of $7,009.19, a P/E ratio of 21.66, a PEG ratio of 1.71 and a beta of 1.42. Crown has a 52 week low of $50.47 and a 52 week high of $62.27. The company has a quick ratio of 0.57, a current ratio of 1.04 and a debt-to-equity ratio of 4.60.

Crown (NYSE:CCK) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.02 billion. Crown had a return on equity of 56.47% and a net margin of 3.71%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. equities research analysts predict that Crown will post 4.36 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. increased its position in shares of Crown by 2.6% during the third quarter. Victory Capital Management Inc. now owns 4,110,252 shares of the industrial products company’s stock valued at $245,464,000 after acquiring an additional 105,104 shares during the last quarter. Nordea Investment Management AB grew its holdings in Crown by 1.9% during the third quarter. Nordea Investment Management AB now owns 2,080,675 shares of the industrial products company’s stock valued at $124,258,000 after purchasing an additional 38,310 shares during the period. Neuberger Berman Group LLC grew its holdings in Crown by 17.0% during the third quarter. Neuberger Berman Group LLC now owns 2,078,991 shares of the industrial products company’s stock valued at $124,157,000 after purchasing an additional 302,595 shares during the period. Cooke & Bieler LP grew its holdings in Crown by 9.4% during the fourth quarter. Cooke & Bieler LP now owns 1,637,856 shares of the industrial products company’s stock valued at $92,129,000 after purchasing an additional 140,909 shares during the period. Finally, LSV Asset Management grew its holdings in Crown by 506.5% during the fourth quarter. LSV Asset Management now owns 1,069,908 shares of the industrial products company’s stock valued at $60,182,000 after purchasing an additional 893,500 shares during the period. 89.68% of the stock is owned by institutional investors.

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About Crown

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

Analyst Recommendations for Crown (NYSE:CCK)

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