Crown (NYSE:CCK) Stock Rating Upgraded by Truist Financial

Key Points

• Truist Financial upgraded Crown's stock from a "hold" rating to a "buy" rating, setting a price target of $118.00, which represents a potential upside of 28.01% from its current price.
• Multiple analysts have revised their price targets for Crown, with recommendations ranging from "overweight" to "strong-buy," reflecting a consensus rating of "Moderate Buy" from ten analysts.
• Crown reported an earnings per share (EPS) of $2.15 for the last quarter, exceeding the consensus estimate by $0.29 and marking a 3.6% year-over-year revenue increase.

Crown (NYSE:CCK - Get Free Report) was upgraded by Truist Financial from a "hold" rating to a "buy" rating in a note issued to investors on Friday, Marketbeat Ratings reports. The brokerage presently has a $118.00 price objective on the industrial products company's stock. Truist Financial's price target points to a potential upside of 28.01% from the stock's current price.

A number of other analysts also recently issued reports on the stock. 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, July 23rd. Loop Capital lifted their price objective on shares of Crown from $129.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Crown from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 17th. Mizuho boosted their price target on shares of Crown from $110.00 to $127.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company lifted their price objective on shares of Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $120.67.

Crown Trading Down 0.0%

NYSE:CCK opened at $92.18 on Friday. The company has a fifty day moving average of $102.33 and a 200 day moving average of $96.04. Crown has a 52 week low of $75.98 and a 52 week high of $109.48. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $10.73 billion, a P/E ratio of 19.37, a P/E/G ratio of 1.41 and a beta of 0.73.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the business earned $1.81 EPS. The company's revenue for the quarter was up 3.6% on a year-over-year basis. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. On average, research analysts predict that Crown will post 6.96 earnings per share for the current year.

Insider Transactions at Crown

In other news, CAO Gerard H. Gifford sold 8,222 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $102.93, for a total transaction of $846,290.46. Following the sale, the chief accounting officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy J. Donahue sold 37,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total value of $3,720,720.00. Following the sale, the chief executive officer directly owned 462,056 shares in the company, valued at $46,464,351.36. This trade represents a 7.41% decrease in their position. 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 90 days. 0.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its stake in shares of Crown by 65.8% during the second quarter. Osaic Holdings Inc. now owns 4,525 shares of the industrial products company's stock valued at $458,000 after acquiring an additional 1,795 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Crown by 1,552.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 453,608 shares of the industrial products company's stock worth $46,718,000 after purchasing an additional 426,162 shares during the period. State of Wyoming acquired a new stake in shares of Crown in the second quarter valued at about $1,118,000. Nomura Holdings Inc. acquired a new stake in Crown during the 2nd quarter valued at approximately $404,000. Finally, Westwood Holdings Group Inc. grew its stake in Crown by 3.4% during the 2nd quarter. Westwood Holdings Group Inc. now owns 311,126 shares of the industrial products company's stock valued at $32,040,000 after purchasing an additional 10,148 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company's stock.

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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