Crown (NYSE:CCK) Rating Increased to Overweight at JPMorgan Chase & Co.

Key Points

• JPMorgan upgraded Crown Holdings to “overweight” from “neutral” and set a $121 price target, implying 9.47% upside from the prior close.
• Crown’s latest quarterly results exceeded expectations, with EPS of $2.49 versus $2.16 expected and revenue of $3.67 billion versus $3.37 billion projected; revenue rose 16.5% year over year.
• Analyst sentiment is broadly positive, with 12 “buy” ratings and five “hold” ratings producing a “Moderate Buy” consensus and an average target price of $128.20.

Crown (NYSE:CCK - Get Free Report) was upgraded by stock analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research note issued to investors on Friday, Briefing.com reports. The brokerage currently has a $121.00 price objective on the industrial products company's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 9.47% from the company's previous close.

A number of other research analysts have also recently weighed in on the company. Jefferies Financial Group set a $121.00 price objective on Crown in a research report on Wednesday, July 22nd. BMO Capital Markets raised their price target on shares of Crown from $130.00 to $135.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. Wall Street Zen raised Crown from a "hold" rating to a "buy" rating in a research note on Saturday, June 20th. Raymond James Financial raised their price objective on shares of Crown from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Crown in a research report on Wednesday, July 22nd. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Crown presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.20.

Crown Stock Down 1.5%

CCK opened at $110.53 on Friday. The stock has a fifty day moving average of $116.67 and a 200-day moving average of $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 fifty-two week low of $89.21 and a fifty-two week high of $122.91. The company has a market capitalization of $12.02 billion, a P/E ratio of 15.90, a P/E/G ratio of 1.57 and a beta of 0.58.

Crown (NYSE:CCK - Get Free Report) last issued its earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share for the quarter, topping analysts' consensus estimates of $2.16 by $0.33. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.37 billion. Crown had a return on equity of 27.33% and a net margin of 5.91%.The firm's revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.15 earnings per share. 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 analysts expect that Crown will post 8.39 EPS for the current year.

Insider Activity at Crown

In related news, CEO Timothy Donahue sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the transaction, the chief executive officer directly owned 436,070 shares of the company's stock, valued at approximately $45,787,350. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Crown

Several institutional investors have recently modified their holdings of the business. Anchor Investment Management LLC lifted its position 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 in the last quarter. Reynders McVeigh Capital Management LLC boosted its position in Crown by 3.2% during the second quarter. Reynders McVeigh Capital Management LLC now owns 355,461 shares of the industrial products company's stock valued at $39,748,000 after acquiring an additional 10,983 shares during the last quarter. Community Bank N.A. acquired a new position in shares of Crown during the second quarter worth approximately $32,000. NewEdge Advisors LLC grew its position in Crown by 55.1% in the 2nd quarter. NewEdge Advisors LLC now owns 23,740 shares of the industrial products company's stock worth $2,655,000 after purchasing an additional 8,436 shares in the last quarter. Finally, Nykredit A S purchased a new position in shares of Crown during the 2nd quarter valued at $70,709,000. Institutional investors and hedge funds own 90.93% of the company's stock.

About Crown

Crown Holdings, Inc NYSE: CCK is a global packaging company that designs and manufactures metal packaging products for consumer goods and industrial customers. Its portfolio includes beverage cans, food cans, aerosol cans, metal closures, and other specialty packaging used for products such as beverages, food, household goods, personal care items, and industrial materials.

The company also provides transit packaging solutions, including equipment and materials used to protect and secure products during shipping.

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