Crown Holdings, Inc. (NYSE:CCK) Receives Average Rating of “Moderate Buy” from Brokerages

Crown Holdings, Inc. (NYSE:CCK) has earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $119.6154.

A number of research analysts have weighed in on CCK shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Crown in a report on Monday, December 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $115.00 price objective (up previously from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Royal Bank Of Canada increased their target price on shares of Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company boosted their price target on shares of Crown from $99.00 to $106.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Finally, Mizuho increased their price objective on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st.

Crown Trading Up 3.4%

NYSE:CCK opened at $111.48 on Friday. Crown has a 1 year low of $75.98 and a 1 year high of $112.30. The stock’s fifty day moving average price is $102.04 and its two-hundred day moving average price is $99.08. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.16 and a quick ratio of 0.76. The company has a market cap of $12.86 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.24 and a beta of 0.73.

Insider Transactions at Crown

In other news, COO Djalma Novaes, Jr. sold 19,754 shares of Crown stock in a transaction dated 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 sale, the chief operating officer owned 96,841 shares in the company, valued at approximately $9,782,877.82. This trade represents a 16.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $105.00, for a total transaction of $787,500.00. Following the completion of the transaction, the chief executive officer owned 482,236 shares in the company, valued at approximately $50,634,780. This trade represents a 1.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 64,754 shares of company stock valued at $6,720,634. Corporate insiders own 0.90% of the company’s stock.

Institutional Trading of Crown

Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its stake in Crown by 19.7% in the second quarter. Farther Finance Advisors LLC now owns 633 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 104 shares during the last quarter. ORG Partners LLC increased its position in shares of Crown by 52.5% during the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 105 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after buying an additional 111 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Crown by 2.3% during the 2nd quarter. ProShare Advisors LLC now owns 5,101 shares of the industrial products company’s stock valued at $525,000 after buying an additional 113 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in Crown by 1.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock worth $983,000 after buying an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

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.