Crown (NYSE:CCK) Lowered to "Hold" Rating by Wall Street Zen

Key Points

• Analysts at Wall Street Zen downgraded Crown Holdings (NYSE: CCK) from a "buy" rating to a "hold" rating, following a similar action by Baird R W.
• Crown reported a quarterly earnings per share (EPS) of $2.15, surpassing the consensus estimate and achieving a revenue of $3.15 billion for the quarter.
• Insiders, including CEO Timothy J. Donahue, have sold significant amounts of stock recently, with over 58,000 shares sold in total, indicating potential concerns about future performance.

Crown (NYSE:CCK - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other analysts 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 note on Thursday, July 17th. Weiss Ratings restated a "buy (b-)" rating on shares of Crown in a report on Wednesday, October 8th. Citigroup cut their price objective on shares of Crown from $135.00 to $124.00 and set a "buy" rating on the stock in a report on Monday, September 29th. Raymond James Financial initiated coverage on shares of Crown in a report on Wednesday. They issued an "outperform" rating and a $110.00 price objective on the stock. Finally, Robert W. Baird increased their price objective on shares of Crown from $105.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $116.62.

Crown Price Performance

CCK opened at $94.03 on Friday. Crown has a one year low of $75.98 and a one year high of $109.48. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. The company's 50 day simple moving average is $96.36 and its 200-day simple moving average is $97.23. The stock has a market capitalization of $10.94 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 1.32 and a beta of 0.73.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, beating 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 business had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the prior year, the firm earned $1.81 earnings per share. Crown's 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. Sell-side analysts anticipate that Crown will post 6.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Timothy J. Donahue sold 37,000 shares of Crown 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 directly owned 462,056 shares of the company's stock, valued at $46,464,351.36. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Gerard H. Gifford sold 8,222 shares of the business's stock in a transaction on 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 $12,617,674.05. This represents a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,222 shares of company stock worth $5,873,770. Insiders own 0.90% of the company's stock.

Institutional Investors Weigh In On Crown

Several institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in 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% in the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 107 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Crown by 45.3% during 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 in the last quarter. ProShare Advisors LLC lifted its position in Crown by 2.3% during the 2nd quarter. ProShare Advisors LLC now owns 5,101 shares of the industrial products company's stock worth $525,000 after buying an additional 113 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted 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 buying an additional 114 shares during the last quarter. 90.93% of the stock is owned by institutional investors.

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.

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