Crown (NYSE:CCK) Raised to Buy at Wall Street Zen

Crown (NYSE:CCK) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

CCK has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft started coverage on Crown in a research note on Wednesday, April 1st. They issued a “buy” rating and a $124.00 price target for the company. Wells Fargo & Company reduced their price objective on shares of Crown from $111.00 to $109.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Bank of America decreased their target price on shares of Crown from $131.00 to $126.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Royal Bank Of Canada lowered their target price on shares of Crown from $140.00 to $129.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Finally, UBS Group reduced their price target on shares of Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $120.00.

Crown Price Performance

Shares of NYSE:CCK opened at $101.54 on Friday. The firm’s 50 day moving average is $99.70 and its two-hundred day moving average is $103.14. The firm has a market capitalization of $11.35 billion, a P/E ratio of 16.17, a PEG ratio of 1.68 and a beta of 0.63. The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 1.67. Crown has a 52 week low of $89.21 and a 52 week high of $116.62.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.11. Crown had a return on equity of 26.62% and a net margin of 5.65%.The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the firm posted $1.67 earnings per share. The business’s revenue was up 12.9% on a year-over-year basis. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. Analysts anticipate that Crown will post 8.05 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total transaction of $801,375.00. Following the transaction, the chief executive officer directly owned 451,070 shares of the company’s stock, valued at $48,196,829.50. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Crown

A number of institutional investors and hedge funds have recently bought and sold shares of CCK. State Street Corp grew its stake in shares of Crown by 2.1% in the 3rd quarter. State Street Corp now owns 4,514,736 shares of the industrial products company’s stock worth $436,078,000 after purchasing an additional 93,045 shares during the last quarter. AQR Capital Management LLC lifted its stake in Crown by 19.3% during the fourth quarter. AQR Capital Management LLC now owns 4,137,962 shares of the industrial products company’s stock valued at $426,086,000 after purchasing an additional 670,412 shares during the last quarter. Invesco Ltd. lifted its stake in Crown by 33.6% during the fourth quarter. Invesco Ltd. now owns 3,526,983 shares of the industrial products company’s stock valued at $363,173,000 after purchasing an additional 886,471 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Crown by 5.3% during the third quarter. Franklin Resources Inc. now owns 2,979,842 shares of the industrial products company’s stock worth $287,823,000 after buying an additional 149,700 shares in the last quarter. Finally, Swedbank AB boosted its holdings in Crown by 1.9% during the fourth quarter. Swedbank AB now owns 2,541,183 shares of the industrial products company’s stock worth $261,666,000 after buying an additional 47,613 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

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.