Crown (NYSE:CCK) received a $70.00 target price from research analysts at Wells Fargo & Co in a research report issued to clients and investors on Friday, TipRanks reports. The brokerage currently has a “hold” rating on the industrial products company’s stock. Wells Fargo & Co‘s price target indicates a potential upside of 15.80% from the stock’s current price.
Several other brokerages also recently commented on CCK. Morgan Stanley set a $56.00 target price on Crown and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Deutsche Bank boosted their price target on Crown from $60.00 to $65.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. Zacks Investment Research upgraded Crown from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. TheStreet upgraded Crown from a “c+” rating to a “b-” rating in a research note on Friday, March 1st. Finally, Royal Bank of Canada boosted their price target on Crown from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $60.67.
Shares of NYSE CCK traded down $0.75 during midday trading on Friday, hitting $60.45. 948,754 shares of the company’s stock were exchanged, compared to its average volume of 1,356,144. The company has a current ratio of 1.20, a quick ratio of 0.65 and a debt-to-equity ratio of 5.87. Crown has a 12 month low of $39.05 and a 12 month high of $61.40. The company has a market capitalization of $8.19 billion, a P/E ratio of 11.63, a P/E/G ratio of 1.63 and a beta of 1.66.
Crown (NYSE:CCK) last issued its earnings results on Wednesday, April 17th. The industrial products company reported $1.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.05. Crown had a return on equity of 54.33% and a net margin of 3.86%. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the company posted $0.94 EPS. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. Analysts predict that Crown will post 5.29 EPS for the current fiscal year.
In related news, Director John W. Conway sold 129,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $58.06, for a total value of $7,489,740.00. Following the completion of the sale, the director now directly owns 1,156,677 shares in the company, valued at approximately $67,156,666.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. lifted its position in shares of Crown by 2.4% during the 4th quarter. Prudential Financial Inc. now owns 8,385 shares of the industrial products company’s stock valued at $349,000 after acquiring an additional 200 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Crown by 0.7% during the 4th quarter. Great West Life Assurance Co. Can now owns 36,251 shares of the industrial products company’s stock valued at $1,437,000 after acquiring an additional 235 shares during the period. Utah Retirement Systems lifted its position in shares of Crown by 1.2% during the 1st quarter. Utah Retirement Systems now owns 24,392 shares of the industrial products company’s stock valued at $1,331,000 after acquiring an additional 293 shares during the period. Private Capital Group LLC lifted its position in shares of Crown by 43.4% during the 4th quarter. Private Capital Group LLC now owns 991 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 300 shares during the period. Finally, Atlas Capital Advisors LLC lifted its position in shares of Crown by 16.7% during the 1st quarter. Atlas Capital Advisors LLC now owns 2,100 shares of the industrial products company’s stock valued at $115,000 after acquiring an additional 300 shares during the period.
Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.
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