Wells Fargo & Company Boosts Crown (NYSE:CCK) Price Target to $127.00

Crown (NYSE:CCK) had its price objective upped by investment analysts at Wells Fargo & Company from $117.00 to $127.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 11.09% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Crown in a report on Wednesday. Jefferies Financial Group set a $121.00 price objective on Crown in a research report on Wednesday. JPMorgan Chase & Co. downgraded Crown from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $107.00 to $121.00 in a research note on Wednesday. Bank of America raised their target price on Crown from $129.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Raymond James Financial lifted their target price on Crown from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.93.

Crown Stock Performance

Shares of CCK stock opened at $114.32 on Wednesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.05 and a quick ratio of 0.70. The firm has a 50-day moving average of $104.17 and a 200-day moving average of $105.07. Crown has a one year low of $89.21 and a one year high of $121.76. The company has a market cap of $12.78 billion, a P/E 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 for the quarter, topping the consensus estimate of $2.16 by $0.33. Crown had a net margin of 5.91% and a return on equity of 27.33%. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the previous year, the company earned $2.15 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that Crown will post 8.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Timothy J. Donahue sold 15,000 shares of Crown stock in a transaction dated Tuesday, June 23rd. The shares were 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 in the company, valued at $45,787,350. This trade represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new stake in Crown during the 3rd quarter valued at $29,000. ORG Partners LLC boosted its holdings in shares of 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 acquiring an additional 105 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 111 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new stake in shares of Crown during the 4th quarter valued at $42,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Crown by 52.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 151 shares during the period. 90.93% of the stock is owned by institutional investors.

More Crown News

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.