Crown (NYSE:CCK) Price Target Cut to $117.00 by Analysts at UBS Group

Key Points

• UBS Group has reduced Crown Holdings' price target from $130.00 to $117.00, while maintaining a "buy" rating on the stock, indicating a potential upside of 22.62%.
• Other analysts have also adjusted their price targets, with Mizuho lowering theirs to $116.00 and Citigroup to $124.00, reflecting a consensus rating of "Moderate Buy" and an average target price of $118.25.
• Crown's stock has a current price of $95.42 following a 1.0% decrease, with a market capitalization of $11.10 billion and various financial metrics suggesting a stable valuation in the packaging sector.

Crown (NYSE:CCK - Get Free Report) had its price objective dropped by equities researchers at UBS Group from $130.00 to $117.00 in a report issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the industrial products company's stock. UBS Group's price objective would indicate a potential upside of 22.62% from the stock's current price.

Other equities analysts have also issued research reports about the company. Mizuho decreased their price target on Crown from $127.00 to $116.00 and set an "outperform" rating on the stock in a research note on Friday. Weiss Ratings reissued a "buy (b-)" rating on shares of Crown in a research note on Saturday, September 27th. Citigroup cut their price target on Crown from $135.00 to $124.00 and set a "buy" rating on the stock in a report on Monday, September 29th. Truist Financial upgraded 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. Finally, Wall Street Zen downgraded Crown from a "strong-buy" rating to a "buy" rating in a report on Friday, September 5th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $118.25.

Crown Trading Down 1.0%

NYSE CCK traded down $1.01 on Monday, reaching $95.42. 331,437 shares of the company were exchanged, compared to its average volume of 1,268,202. The business's fifty day moving average price is $97.94 and its 200 day moving average price is $97.13. The stock has a market capitalization of $11.10 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 1.48 and a beta of 0.73. 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.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings data 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 company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%.The firm's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Analysts forecast that Crown will post 6.96 earnings per share for the current year.

Insider Buying and Selling

In other Crown news, CAO Gerard H. Gifford sold 8,222 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was 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 of the company's stock, valued at approximately $12,617,674.05. This trade represents a 6.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy J. Donahue sold 13,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $100.52, for a total value of $1,306,760.00. Following the sale, the chief executive officer directly owned 449,056 shares of the company's stock, valued at $45,139,109.12. The trade was a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,222 shares of company stock valued at $5,873,770 over the last ninety days. 0.90% of the stock is owned by insiders.

Institutional Trading of Crown

A number of hedge funds have recently added to or reduced their stakes in CCK. Larson Financial Group LLC lifted its holdings in shares of 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 buying an additional 107 shares during the period. Geneos Wealth Management Inc. lifted 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 valued at $32,000 after buying an additional 111 shares during the period. Signaturefd LLC lifted its holdings in shares of Crown by 161.2% in the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock valued at $35,000 after buying an additional 245 shares during the period. National Pension Service lifted its holdings in shares of Crown by 74.4% in the 1st quarter. National Pension Service now owns 443 shares of the industrial products company's stock valued at $40,000 after buying an additional 189 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Crown in the 2nd quarter valued at approximately $46,000. 90.93% of the stock is owned by institutional investors and hedge funds.

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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