Loop Capital Issues Positive Forecast for Crown (NYSE:CCK) Stock Price

Crown (NYSE:CCK - Get Free Report) had its price objective lifted by research analysts at Loop Capital from $129.00 to $140.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Loop Capital's price target would suggest a potential upside of 36.45% from the company's previous close.

CCK has been the topic of a number of other reports. Wells Fargo & Company increased their price objective on shares of Crown from $101.00 to $110.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. raised their price target on shares of Crown from $108.00 to $112.00 and gave the company an "overweight" rating in a report on Wednesday. Truist Financial reissued a "hold" rating and set a $118.00 target price (up previously from $117.00) on shares of Crown in a report on Wednesday. Wall Street Zen downgraded Crown from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. Finally, Mizuho increased their target price on shares of Crown from $110.00 to $127.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $120.67.

Crown Trading Down 1.5%

NYSE:CCK traded down $1.60 during mid-day trading on Wednesday, hitting $102.61. 313,535 shares of the stock traded hands, compared to its average volume of 1,297,842. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.66 and a beta of 0.76. The firm's 50 day moving average is $102.56 and its two-hundred day moving average is $93.22. Crown has a 52 week low of $75.98 and a 52 week high of $109.48. 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 quarterly earnings data 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. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%. Crown's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.81 EPS. On average, equities research analysts predict that Crown will post 6.96 earnings per share for the current year.

Insider Activity

In other news, VP Christy L. Kalaus sold 2,130 shares of the company's stock in a transaction on Friday, May 16th. The shares were 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 owned 4,500 shares in the company, valued at approximately $447,345. This represents a 32.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Gerard H. Gifford sold 7,000 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $97.00, for a total transaction of $679,000.00. Following the completion of the transaction, the chief operating officer owned 135,014 shares of the company's stock, valued at $13,096,358. This represents a 4.93% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company's stock.

Institutional Trading of Crown

Large investors have recently bought and sold shares of the business. Larson Financial Group LLC lifted its position in Crown by 47.6% during the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock worth $30,000 after acquiring an additional 107 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company's stock worth $32,000 after purchasing an additional 111 shares during the period. Signaturefd LLC lifted its holdings in shares of Crown by 161.2% during the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock worth $35,000 after purchasing an additional 245 shares during the period. National Pension Service lifted its holdings in shares of Crown by 74.4% during the first quarter. National Pension Service now owns 443 shares of the industrial products company's stock worth $40,000 after purchasing an additional 189 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Crown in the 2nd quarter worth $46,000. Institutional investors and hedge funds 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.