Crown (NYSE:CCK) Rating Increased to Strong-Buy at Wall Street Zen

Crown (NYSE:CCK - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Friday.

CCK has been the subject of a number of other reports. Mizuho lifted their price target on shares of Crown from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. UBS Group lifted their price target on shares of Crown from $109.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Truist Financial dropped their price target on shares of Crown from $107.00 to $97.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company lifted their price target on shares of Crown from $89.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Finally, Royal Bank of Canada lifted their price target 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. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $110.45.

Crown Price Performance

Shares of Crown stock traded up $2.32 during trading hours on Friday, reaching $99.99. The company's stock had a trading volume of 1,174,529 shares, compared to its average volume of 1,231,971. The firm has a 50 day moving average price of $92.49 and a 200-day moving average price of $89.09. Crown has a one year low of $70.84 and a one year high of $100.24. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80. The stock has a market cap of $11.64 billion, a P/E ratio of 28.09, a P/E/G ratio of 1.56 and a beta of 0.76.

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

Insider Activity

In other news, COO Gerard H. Gifford sold 7,000 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $97.00, for a total value of $679,000.00. Following the completion of the sale, the chief operating officer now owns 135,014 shares in the company, valued at approximately $13,096,358. The trade was a 4.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Christy L. Kalaus sold 2,130 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $99.41, for a total transaction of $211,743.30. Following the completion of the sale, the vice president now owns 4,500 shares of the company's stock, valued at approximately $447,345. This represents a 32.13% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.90% of the company's stock.

Institutional Investors Weigh In On Crown

Large investors have recently modified their holdings of the business. Larson Financial Group LLC raised 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 purchasing an additional 107 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of 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 acquiring an additional 111 shares in the last quarter. Signaturefd LLC raised its stake in shares of Crown by 161.2% during the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock worth $35,000 after acquiring an additional 245 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Crown by 160.0% during the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock worth $34,000 after acquiring an additional 256 shares in the last quarter. Finally, National Pension Service raised its stake in shares of Crown by 74.4% during the 1st quarter. National Pension Service now owns 443 shares of the industrial products company's stock worth $40,000 after acquiring an additional 189 shares in the last quarter. Institutional investors 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.

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