Mizuho Raises Crown (NYSE:CCK) Price Target to $120.00

Key Points

• Mizuho has raised the price target for Crown Holdings (NYSE: CCK) from $116.00 to $120.00, signaling a potential upside of 18.52% from its previous closing price.
• Crown reported a quarterly earnings per share of $2.24, surpassing analysts' expectations by $0.26, with revenues increasing 4.2% compared to the same quarter last year.
• Currently, Crown has a consensus rating of "Moderate Buy" among analysts, with twelve rating it as a Buy and three as a Hold.

Crown (NYSE:CCK - Get Free Report) had its price target lifted by analysts at Mizuho from $116.00 to $120.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the industrial products company's stock. Mizuho's target price suggests a potential upside of 18.52% from the stock's previous close.

Several other equities research analysts have also commented on CCK. Baird R W lowered Crown from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 17th. Citigroup decreased their target price on Crown from $135.00 to $124.00 and set a "buy" rating for the company in a research report on Monday, September 29th. UBS Group cut their price target on Crown from $130.00 to $117.00 and set a "buy" rating on the stock in a report on Monday, October 6th. Robert W. Baird raised their price target on Crown from $105.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Finally, Bank of America lifted their target price on Crown from $110.00 to $117.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.92.

Crown Trading Up 7.2%

CCK opened at $101.25 on Tuesday. The firm has a market cap of $11.78 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 1.34 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. The business's 50 day moving average is $96.23 and its two-hundred day moving average is $97.42. Crown has a 52 week low of $75.98 and a 52 week high of $109.48.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.26. Crown had a return on equity of 27.15% and a net margin of 4.64%.The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the business earned $1.99 earnings per share. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. On average, research analysts predict that Crown will post 6.96 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction 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 transaction, the chief accounting officer directly owned 122,585 shares in the company, valued at $12,617,674.05. The trade was a 6.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Timothy J. Donahue sold 37,000 shares of Crown stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total value of $3,720,720.00. Following the transaction, the chief executive officer owned 462,056 shares in the company, valued at $46,464,351.36. This represents a 7.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,222 shares of company stock worth $5,873,770 over the last 90 days. Insiders own 0.90% of the company's stock.

Institutional Trading of Crown

Institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its position in Crown by 103.1% during the third quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 134 shares during the last quarter. Larson Financial Group LLC boosted its position in 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 purchasing an additional 107 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 111 shares during the last quarter. Signaturefd LLC boosted its position in Crown by 161.2% during the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 245 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Crown in the third quarter worth about $39,000. 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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