Crown (NYSE:CCK) Cut to “Hold” at Wall Street Zen

Crown (NYSE:CCK) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

CCK has been the subject of a number of other reports. Jefferies Financial Group reiterated a “buy” rating on shares of Crown in a report on Monday, February 23rd. JPMorgan Chase & Co. upgraded Crown from a “neutral” rating to an “overweight” rating and set a $107.00 price target for the company in a report on Monday, May 18th. Citigroup increased their price target on Crown from $127.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. UBS Group lowered their price target on Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Crown in a report on Friday, March 27th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.00.

Crown Stock Up 0.3%

Shares of CCK opened at $93.33 on Friday. Crown has a 52-week low of $89.21 and a 52-week high of $116.62. The company has a market capitalization of $10.43 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.54 and a beta of 0.63. The stock has a fifty day simple moving average of $100.37 and a two-hundred day simple moving average of $102.96. The company has a quick ratio of 0.70, a current ratio of 1.12 and a debt-to-equity ratio of 1.67.

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

Insider Buying and Selling at Crown

In related news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $106.85, for a total value of $801,375.00. Following the completion of the transaction, the chief executive officer owned 451,070 shares in the company, valued at approximately $48,196,829.50. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. OLD National Bancorp IN lifted its stake in Crown by 507.7% during the fourth quarter. OLD National Bancorp IN now owns 89,549 shares of the industrial products company’s stock worth $9,221,000 after purchasing an additional 74,814 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its stake in Crown by 235.5% during the third quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 25,500 shares of the industrial products company’s stock worth $2,463,000 after purchasing an additional 17,900 shares during the last quarter. Nordea Investment Management AB lifted its stake in Crown by 2.2% in the fourth quarter. Nordea Investment Management AB now owns 1,666,360 shares of the industrial products company’s stock valued at $171,668,000 after buying an additional 36,540 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Crown by 226.7% in the third quarter. JPMorgan Chase & Co. now owns 1,474,038 shares of the industrial products company’s stock valued at $142,377,000 after buying an additional 1,022,789 shares during the last quarter. Finally, Candriam S.C.A. lifted its stake in Crown by 84.0% in the third quarter. Candriam S.C.A. now owns 317,563 shares of the industrial products company’s stock valued at $30,673,000 after buying an additional 144,935 shares during the last quarter. Institutional investors and hedge funds 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.