Crown (NYSE:CCK) Price Target Cut to $116.00 by Analysts at UBS Group

Key Points

• UBS Group cut Crown’s price target to $116 from $123 while maintaining a “neutral” rating, implying approximately 8.71% upside from the stock’s $106.71 price.
• Analyst sentiment remains broadly positive: 12 analysts rate Crown a Buy and five rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $127.73.
• Crown reported stronger-than-expected quarterly results, with EPS of $2.49 versus the $2.16 estimate and revenue of $3.67 billion, up 16.5% year over year. Institutional investors own 90.93% of the company’s stock.

Crown (NYSE:CCK - Get Free Report) had its price target cut by stock analysts at UBS Group from $123.00 to $116.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a "neutral" rating on the industrial products company's stock. UBS Group's target price suggests a potential upside of 8.71% from the company's current price.

Other equities analysts have also recently issued research reports about the company. Bank of America upped their price target on Crown from $129.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Jefferies Financial Group set a $121.00 target price on shares of Crown in a research report on Wednesday, July 22nd. Wells Fargo & Company raised their price target on shares of Crown from $117.00 to $127.00 and gave the company an "equal weight" rating in a report on Wednesday, July 22nd. Mizuho lifted their price target on shares of Crown from $130.00 to $135.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 21st. Finally, Raymond James Financial upped 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. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $127.73.

Crown Stock Up 0.6%

Shares of NYSE:CCK traded up $0.66 during midday trading on Monday, hitting $106.71. 984,311 shares of the company's stock traded hands, compared to its average volume of 1,098,184. The firm's fifty day moving average price is $115.16 and its two-hundred day moving average price is $107.60. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.65 and a current ratio of 1.05. Crown has a twelve month low of $89.21 and a twelve month high of $122.91. The company has a market cap of $11.61 billion, a PE ratio of 15.35, a P/E/G ratio of 1.49 and a beta of 0.56.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, beating the consensus estimate of $2.16 by $0.33. Crown had a return on equity of 27.33% and a net margin of 5.91%.The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period last year, the company posted $2.15 earnings per share. The firm's 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. On average, equities research analysts anticipate that Crown will post 8.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Crown

Large investors have recently modified their holdings of the stock. Anchor Investment Management LLC lifted its holdings in Crown by 5.8% during the 2nd quarter. Anchor Investment Management LLC now owns 1,974 shares of the industrial products company's stock worth $221,000 after buying an additional 109 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Crown by 2.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,838 shares of the industrial products company's stock valued at $585,000 after acquiring an additional 121 shares in the last quarter. Amova Asset Management Americas Inc. lifted its stake in Crown by 2.1% during the first quarter. Amova Asset Management Americas Inc. now owns 5,838 shares of the industrial products company's stock worth $585,000 after purchasing an additional 121 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Crown by 0.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 22,972 shares of the industrial products company's stock worth $2,303,000 after purchasing an additional 152 shares during the period. Finally, Brand Asset Management Group Inc. boosted its holdings in Crown by 9.5% in the fourth quarter. Brand Asset Management Group Inc. now owns 2,290 shares of the industrial products company's stock worth $236,000 after purchasing an additional 199 shares during the period. Institutional investors own 90.93% of the company's stock.

About Crown

Crown Holdings, Inc NYSE: CCK is a global manufacturer of packaging products. The company primarily produces metal beverage cans and ends, food cans, aerosol cans, and metal closures used for beverages, food, household products, personal care items, and other consumer goods.

Crown also provides transit packaging solutions, including protective packaging systems and materials used to secure and transport industrial and consumer products. Its customers include beverage, food, household products, personal care, and industrial companies.

The company traces its history to 1892, when it was founded as Crown Cork & Seal Company following the development of the crown cork bottle closure.

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