Mizuho Cuts Crown (NYSE:CCK) Price Target to $116.00

Key Points

• Mizuho has lowered Crown Holdings' price target from $127.00 to $116.00, while maintaining an "outperform" rating, indicating a potential upside of 19.98% from the current stock price.
• Recent price target upgrades from other analysts include Morgan Stanley's increase to $118.00 and Truist Financial's upgrade to a "buy" rating, also setting a target at $118.00.
• Despite a 0.3% decline in share price, Crown's latest earnings report showed a significant beat in EPS, with $2.15 reported compared to a consensus of $1.86.

Crown (NYSE:CCK - Get Free Report) had its target price decreased by research analysts at Mizuho from $127.00 to $116.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the industrial products company's stock. Mizuho's target price suggests a potential upside of 19.98% from the stock's current price.

Several other research firms have also commented on CCK. Morgan Stanley upped their price objective on Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Truist Financial upgraded Crown from a "hold" rating to a "buy" rating and set a $118.00 target price on the stock in a research report on Friday, September 5th. Loop Capital raised their price objective on Crown from $129.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. UBS Group raised their target price on Crown from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. raised their target price on Crown from $108.00 to $112.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $119.33.

Crown Trading Down 0.3%

Shares of NYSE:CCK traded down $0.26 on Friday, hitting $96.69. The company had a trading volume of 16,909 shares, compared to its average volume of 1,268,963. The firm has a market capitalization of $11.25 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 1.48 and a beta of 0.73. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. Crown has a 1 year low of $75.98 and a 1 year high of $109.48. The firm's 50-day simple moving average is $98.07 and its two-hundred day simple moving average is $97.00.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.29. Crown had a net margin of 4.64% and a return on equity of 27.15%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the firm posted $1.81 earnings per share. The firm's revenue was up 3.6% compared to the same quarter last year. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. Equities analysts anticipate that Crown will post 6.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Gerard H. Gifford sold 8,222 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $102.93, for a total value 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 document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy J. Donahue sold 13,000 shares of Crown stock in a transaction on Thursday, August 21st. The shares were 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 in the company, valued at $45,139,109.12. The trade was a 2.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,222 shares of company stock valued at $5,873,770. 0.90% of the stock is owned by insiders.

Institutional Trading of Crown

Hedge funds and other institutional investors have recently modified their holdings of the company. Larson Financial Group LLC grew its holdings in shares of Crown by 47.6% during the first 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 in the last quarter. Geneos Wealth Management Inc. boosted 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 boosted 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. National Pension Service lifted its position 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 purchasing an additional 189 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Crown during the 2nd quarter worth about $46,000. Institutional investors 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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