Crown (NYSE:CCK) Given "Buy (B-)" Rating at Weiss Ratings

Key Points

• Crown Holdings (NYSE: CCK) has received a "Buy (B-)" rating from Weiss Ratings, although some other firms have varied in their assessments, with Baird R W downgrading it to a "hold" rating.
• The company's stock has a current price of $91.95, down 0.3%, and a market capitalization of $10.70 billion.
• In their latest earnings report, Crown posted an EPS of $2.15, exceeding estimates, and set guidance for FY 2025 at 7.100-7.500 EPS.

Crown (NYSE:CCK - Get Free Report)'s stock had its "buy (b-)" rating reissued by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other research firms have also recently commented on CCK. Baird R W cut shares of Crown from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 17th. Truist Financial raised shares of Crown from a "hold" rating to a "buy" rating and set a $118.00 price target on the stock in a report on Friday, September 5th. Bank of America lifted their price target on shares of Crown from $110.00 to $117.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price target on shares of Crown from $108.00 to $112.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Finally, Mizuho lowered their price target on shares of Crown from $127.00 to $116.00 and set an "outperform" rating on the stock in a report on Friday, October 3rd. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $118.25.

Crown Stock Down 0.3%

CCK stock traded down $0.25 during mid-day trading on Wednesday, reaching $91.95. 1,378,730 shares of the company traded hands, compared to its average volume of 1,180,883. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 1.41 and a beta of 0.73. The company has a quick ratio of 0.69, a current ratio of 1.06 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's 50 day moving average price is $97.47 and its 200 day moving average price is $97.11.

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

Insider Buying and Selling at Crown

In related news, 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 sale, the chief accounting officer directly owned 122,585 shares in the company, valued at approximately $12,617,674.05. This trade represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy J. Donahue sold 37,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,222 shares of company stock worth $5,873,770. Insiders own 0.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Northside Capital Management LLC purchased a new position in Crown in the third quarter worth approximately $10,567,000. Assenagon Asset Management S.A. raised its holdings in Crown by 29.6% during the third quarter. Assenagon Asset Management S.A. now owns 398,925 shares of the industrial products company's stock worth $38,532,000 after purchasing an additional 91,215 shares in the last quarter. Aaron Wealth Advisors LLC raised its holdings in Crown by 406.0% during the third quarter. Aaron Wealth Advisors LLC now owns 20,236 shares of the industrial products company's stock worth $1,955,000 after purchasing an additional 16,237 shares in the last quarter. Corient Private Wealth LLC raised its holdings in Crown by 24.9% during the second quarter. Corient Private Wealth LLC now owns 9,763 shares of the industrial products company's stock worth $1,005,000 after purchasing an additional 1,948 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in Crown by 65.8% during the second quarter. Osaic Holdings Inc. now owns 4,525 shares of the industrial products company's stock worth $458,000 after purchasing an additional 1,795 shares in the last quarter. Hedge funds and other 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.

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