Truist Financial Reaffirms “Buy” Rating for Crown (NYSE:CCK)

Crown (NYSE:CCK)‘s stock had its “buy” rating reaffirmed by equities research analysts at Truist Financial in a research report issued on Wednesday,Benzinga reports. They currently have a $141.00 price target on the industrial products company’s stock, up from their prior price target of $129.00. Truist Financial’s price objective suggests a potential upside of 23.34% from the company’s previous close.

CCK has been the subject of a number of other reports. Jefferies Financial Group set a $121.00 target price on shares of Crown in a report on Wednesday. Royal Bank Of Canada lifted their price target on shares of Crown from $129.00 to $131.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Raymond James Financial boosted their price objective on shares of Crown from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Crown in a research note on Wednesday, July 8th. Finally, UBS Group raised their target price on Crown from $115.00 to $123.00 and gave the stock a “neutral” rating in a report on Wednesday. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Crown has a consensus rating of “Moderate Buy” and a consensus price target of $127.93.

Crown Stock Down 1.8%

CCK stock opened at $114.32 on Wednesday. Crown has a fifty-two week low of $89.21 and a fifty-two week high of $121.76. The business’s 50-day moving average is $104.17 and its two-hundred day moving average is $105.07. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.70 and a current ratio of 1.05. The company has a market cap of $12.78 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of 1.87 and a beta of 0.60.

Crown (NYSE:CCK) last released its quarterly earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.33. Crown had a return on equity of 27.33% and a net margin of 5.91%.The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the previous year, the company posted $2.15 EPS. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. As a group, analysts forecast that Crown will post 8.39 earnings per share for the current year.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the transaction, the chief executive officer owned 436,070 shares of the company’s stock, valued at $45,787,350. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in Crown by 24.1% during the 1st quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company’s stock valued at $4,367,000 after buying an additional 9,497 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Crown by 39.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company’s stock worth $367,000 after acquiring an additional 1,161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Crown during the first quarter worth $111,000. NewEdge Advisors LLC grew its stake in Crown by 6.3% during the first quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company’s stock valued at $528,000 after acquiring an additional 351 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Crown by 23.7% during the first quarter. Goldman Sachs Group Inc. now owns 666,262 shares of the industrial products company’s stock valued at $59,471,000 after acquiring an additional 127,737 shares in the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

Crown News Roundup

Here are the key news stories impacting Crown this week:

• Positive Sentiment: Crown Holdings reported strong second-quarter results, with earnings and revenue beating expectations and management raising its profit outlook for the year. That improved guidance suggests demand and margins remain healthy. Crown Holdings raises profit outlook after Q2 beat
• Positive Sentiment: The company also declared a quarterly cash dividend of $0.35 per share, reinforcing its shareholder-return profile and signaling continued confidence in cash generation. CROWN HOLDINGS, INC. DECLARES QUARTERLY DIVIDEND
• Neutral Sentiment: Several analysts turned more constructive after the earnings report, with some raising price targets, while others maintained neutral or equal-weight ratings. That mixed reaction suggests Wall Street sees limited near-term upside after the recent rally, even though the outlook has improved. Crown (NYSE:CCK) Stock Price Expected to Rise, Mizuho Analyst Says
• Negative Sentiment: J.P. Morgan downgraded Crown after the stock’s strong run, and some commentary now says the upside may already be priced in. That can pressure the stock even after good results because investors may be locking in gains. Crown Holdings downgraded by J.P. Morgan after strong rally
• Negative Sentiment: Recent articles also describe Crown Holdings as having a healthy earnings outlook but limited upside ahead, reinforcing the idea that valuation concerns are tempering enthusiasm. Crown Holdings: Healthy Earnings Outlook, Yet Limited Upside Ahead

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.