Crown Holdings, Inc. (NYSE:CCK) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Crown Holdings, Inc. has received a consensus rating of "Moderate Buy" from thirteen research firms, with nine analysts giving a buy recommendation and four recommending a hold.
• The company's stock price target has been updated, with Bank of America raising it to $117.00 and Robert W. Baird increasing it to $110.00.
• Crown recently reported earnings of $2.15 per share, exceeding estimates and showing a 3.6% increase in revenue compared to the same quarter last year.

Shares of Crown Holdings, Inc. (NYSE:CCK - Get Free Report) have earned an average recommendation of "Moderate Buy" from the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $120.6667.

Several research firms have recently commented on CCK. Baird R W downgraded Crown from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 17th. Citigroup reaffirmed a "buy" rating on shares of Crown in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of Crown from $108.00 to $112.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Robert W. Baird increased their target price on shares of Crown from $105.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company lifted their target price on shares of Crown from $101.00 to $110.00 and gave the company an "equal weight" rating in a report on Friday, July 18th.

Crown Stock Down 6.6%

NYSE CCK traded down $6.57 during trading on Tuesday, reaching $92.19. 2,817,833 shares of the company's stock were exchanged, compared to its average volume of 956,488. The company's fifty day simple moving average is $102.58 and its 200-day simple moving average is $96.01. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. Crown has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. The firm has a market capitalization of $10.73 billion, a PE ratio of 19.37, a P/E/G ratio of 1.52 and a beta of 0.73.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.29. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.10 billion. Crown had a net margin of 4.64% and a return on equity of 27.15%. Crown's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.81 earnings per share. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. Sell-side analysts predict that Crown will post 6.96 EPS for the current year.

Crown Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. Crown's dividend payout ratio (DPR) is 21.85%.

Insider Buying and Selling

In related news, CEO Timothy J. Donahue sold 37,000 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the transaction, the chief executive officer owned 462,056 shares of the company's stock, valued at approximately $46,464,351.36. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Gerard H. Gifford sold 8,222 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $102.93, for a total transaction of $846,290.46. Following the completion of the transaction, the chief accounting officer directly owned 122,585 shares in the company, valued at $12,617,674.05. This trade represents a 6.29% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 58,222 shares of company stock worth $5,873,770. Insiders own 0.90% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its stake in shares of Crown by 19.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 633 shares of the industrial products company's stock worth $65,000 after acquiring an additional 104 shares during the last quarter. Larson Financial Group LLC increased its holdings in Crown by 47.6% in the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock valued at $30,000 after buying an additional 107 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company's stock worth $32,000 after buying an additional 111 shares during the period. ProShare Advisors LLC lifted its position in shares of Crown by 2.3% during the 2nd quarter. ProShare Advisors LLC now owns 5,101 shares of the industrial products company's stock valued at $525,000 after acquiring an additional 113 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Crown by 1.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company's stock worth $983,000 after purchasing an additional 114 shares in the last quarter. Institutional investors own 90.93% of the company's stock.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.