Crown (NYSE:CCK) Price Target Raised to $110.00 at Mizuho

Crown (NYSE:CCK - Get Free Report) had its price target increased by investment analysts at Mizuho from $105.00 to $110.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the industrial products company's stock. Mizuho's target price would indicate a potential upside of 14.39% from the company's current price.

Other research analysts have also issued research reports about the company. StockNews.com raised Crown from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Royal Bank of Canada upped their target price on Crown from $113.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Morgan Stanley upgraded Crown from an "equal weight" rating to an "overweight" rating and reduced their target price for the stock from $109.00 to $105.00 in a report on Monday, January 13th. Truist Financial reduced their target price on Crown from $107.00 to $97.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Finally, Bank of America reduced their target price on Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.75.

Crown Trading Down 0.2 %

CCK traded down $0.17 during midday trading on Tuesday, reaching $96.16. 1,658,045 shares of the company's stock traded hands, compared to its average volume of 1,198,465. The firm has a fifty day moving average of $87.75 and a two-hundred day moving average of $88.31. The stock has a market capitalization of $11.25 billion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 1.56 and a beta of 0.79. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80. Crown has a 52 week low of $70.84 and a 52 week high of $98.48.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.45. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.82 billion. Crown had a return on equity of 25.12% and a net margin of 3.59%. Crown's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.02 EPS. On average, equities analysts anticipate that Crown will post 6.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Crown

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCK. Farther Finance Advisors LLC lifted its position in Crown by 160.0% in the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 256 shares in the last quarter. GAMMA Investing LLC lifted its position in Crown by 84.2% in the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock valued at $47,000 after acquiring an additional 261 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Crown by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock valued at $57,000 after buying an additional 117 shares during the period. Colonial Trust Co SC lifted its holdings in shares of Crown by 88.0% during the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock valued at $62,000 after buying an additional 352 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Crown by 48.6% during the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company's stock valued at $68,000 after buying an additional 269 shares during the period. 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.