Crown (CCK) Lifted to Buy at Vertical Research

Crown (NYSE:CCK) was upgraded by stock analysts at Vertical Research from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Several other equities research analysts have also weighed in on CCK. KeyCorp reaffirmed a “hold” rating on shares of Crown in a report on Tuesday. ValuEngine lowered shares of Crown from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. UBS began coverage on shares of Crown in a report on Wednesday, November 29th. They issued a “neutral” rating and a $65.00 target price on the stock. Zacks Investment Research lowered shares of Crown from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Wells Fargo & Company upped their target price on shares of Crown from $57.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Crown currently has a consensus rating of “Hold” and a consensus price target of $64.27.

Crown (CCK) traded down $1.25 on Wednesday, hitting $56.53. 7,028,600 shares of the stock traded hands, compared to its average volume of 801,326. The company has a current ratio of 1.04, a quick ratio of 0.57 and a debt-to-equity ratio of 4.60. Crown has a fifty-two week low of $51.76 and a fifty-two week high of $62.27. The company has a market cap of $7,590.00, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 2.05 and a beta of 1.42.

Crown (NYSE:CCK) last posted its earnings results on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.41. Crown had a net margin of 5.64% and a return on equity of 60.44%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the firm earned $1.33 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. sell-side analysts predict that Crown will post 4.03 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in CCK. Toronto Dominion Bank lifted its position in Crown by 12.1% during the 2nd quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 185 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Crown by 40.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,988 shares of the industrial products company’s stock valued at $179,000 after acquiring an additional 863 shares during the period. First Republic Investment Management Inc. acquired a new stake in shares of Crown in the 3rd quarter valued at approximately $205,000. Oakbrook Investments LLC acquired a new stake in shares of Crown in the 3rd quarter valued at approximately $207,000. Finally, ETRADE Capital Management LLC acquired a new stake in shares of Crown in the 3rd quarter valued at approximately $223,000. Institutional investors own 89.97% of the company’s stock.

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Crown Company Profile

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.