Crown (NYSE:CCK) Upgraded by Wall Street Zen to “Buy” Rating

Crown (NYSE:CCK) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday.

CCK has been the topic of a number of other reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Crown in a research note on Monday, December 29th. Mizuho boosted their target price on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Truist Financial increased their price target on Crown from $126.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Wells Fargo & Company increased their price target on Crown from $99.00 to $106.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Finally, Raymond James Financial restated an “outperform” rating and issued a $115.00 price target (up from $110.00) on shares of Crown in a report on Wednesday, October 22nd. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $119.62.

Crown Trading Down 0.6%

Shares of CCK stock opened at $104.12 on Friday. Crown has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. The stock’s fifty day moving average price is $100.26 and its two-hundred day moving average price is $99.35. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.76 and a current ratio of 1.16. The company has a market cap of $12.01 billion, a PE ratio of 12.89, a P/E/G ratio of 1.20 and a beta of 0.75.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, beating the consensus estimate of $1.98 by $0.26. Crown had a net margin of 7.79% and a return on equity of 26.86%. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the firm earned $1.99 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS and its FY 2025 guidance at 7.700-7.80 EPS. Equities analysts predict that Crown will post 6.96 EPS for the current fiscal year.

Insider Activity

In other Crown news, CEO Timothy J. Donahue sold 29,024 shares of Crown stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $105.00, for a total transaction of $3,047,520.00. Following the completion of the sale, the chief executive officer directly owned 411,556 shares in the company, valued at $43,213,380. The trade was a 6.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $101.02, for a total transaction of $1,995,549.08. Following the completion of the transaction, the chief operating officer owned 96,841 shares of the company’s stock, valued at $9,782,877.82. This trade represents a 16.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 57,254 shares of company stock worth $5,933,134. Insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in Crown by 19.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 633 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 104 shares in the last quarter. ORG Partners LLC raised its stake in Crown by 52.5% in the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock worth $31,000 after buying an additional 105 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after buying an additional 111 shares during the period. ProShare Advisors LLC lifted its holdings in Crown by 2.3% in the second quarter. ProShare Advisors LLC now owns 5,101 shares of the industrial products company’s stock worth $525,000 after buying an additional 113 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Crown by 1.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock worth $983,000 after acquiring an additional 114 shares during the period. Institutional investors own 90.93% of the company’s stock.

Crown Company Profile

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.