Crown (NYSE:CCK) Given New $130.00 Price Target at UBS Group

Crown (NYSE:CCK - Get Free Report) had its target price boosted by analysts at UBS Group from $125.00 to $130.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. UBS Group's price target would suggest a potential upside of 24.81% from the stock's current price.

A number of other research firms have also issued reports on CCK. Citigroup raised their price target on Crown from $119.00 to $129.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Morgan Stanley boosted their target price on Crown from $114.00 to $118.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Wells Fargo & Company lifted their price objective on shares of Crown from $101.00 to $110.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Royal Bank Of Canada raised their target price on shares of Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Barclays lifted their price objective on Crown from $109.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, Crown has a consensus rating of "Moderate Buy" and an average price target of $120.67.

Crown Trading Down 1.1%

NYSE:CCK traded down $1.18 on Tuesday, hitting $104.16. The stock had a trading volume of 1,896,431 shares, compared to its average volume of 1,121,352. Crown has a 1-year low of $75.98 and a 1-year high of $109.48. The company has a fifty day moving average price of $102.46 and a two-hundred day moving average price of $93.05. The stock has a market cap of $12.12 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 1.66 and a beta of 0.76. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 1.67.

Crown (NYSE:CCK - Get Free Report) last announced its earnings results on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.29. The company had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%. Crown's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the business posted $1.81 EPS. Equities research analysts expect that Crown will post 6.96 earnings per share for the current fiscal year.

Insider Activity at Crown

In other news, VP Christy L. Kalaus sold 2,130 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $99.41, for a total value of $211,743.30. Following the completion of the transaction, the vice president directly owned 4,500 shares of the company's stock, valued at $447,345. This represents a 32.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Gerard H. Gifford sold 7,000 shares of Crown stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $97.00, for a total value of $679,000.00. Following the sale, the chief operating officer owned 135,014 shares in the company, valued at $13,096,358. The trade was a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Institutional Trading of Crown

A number of institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its holdings in shares of Crown by 19.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 633 shares of the industrial products company's stock valued at $65,000 after acquiring an additional 104 shares in the last quarter. Larson Financial Group LLC lifted its position in Crown by 47.6% during the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 107 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Crown by 45.3% in the 1st 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 last quarter. Nisa Investment Advisors LLC raised its position in shares of Crown by 4.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,858 shares of the industrial products company's stock valued at $256,000 after buying an additional 115 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Crown by 4.6% during the 4th quarter. TD Private Client Wealth LLC now owns 2,864 shares of the industrial products company's stock worth $237,000 after acquiring an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

About Crown

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.