Loop Capital Increases Crown (NYSE:CCK) Price Target to $106.00

Crown (NYSE:CCK - Get Free Report) had its target price increased by Loop Capital from $101.00 to $106.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the industrial products company's stock. Loop Capital's target price suggests a potential upside of 27.71% from the company's previous close.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. upped their price target on Crown from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday. Royal Bank of Canada reduced their price target on shares of Crown from $110.00 to $97.00 and set an "outperform" rating for the company in a report on Thursday, February 8th. Robert W. Baird boosted their price objective on shares of Crown from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Wednesday. UBS Group began coverage on shares of Crown in a research note on Tuesday, January 16th. They issued a "buy" rating and a $112.00 target price for the company. Finally, Truist Financial restated a "hold" rating and set a $88.00 price target (down from $100.00) on shares of Crown in a research note on Wednesday, March 27th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $99.29.

Crown Stock Performance

Shares of Crown stock traded up $0.93 on Wednesday, reaching $83.00. The stock had a trading volume of 1,847,398 shares, compared to its average volume of 1,256,100. Crown has a fifty-two week low of $69.61 and a fifty-two week high of $96.35. The business's 50-day moving average price is $77.94 and its two-hundred day moving average price is $82.62. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.77 and a current ratio of 1.15. The stock has a market cap of $10.03 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings results on Monday, April 29th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.06. The company had revenue of $2.78 billion during the quarter, compared to analysts' expectations of $2.93 billion. Crown had a net margin of 3.51% and a return on equity of 24.23%. The business's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 earnings per share. On average, sell-side analysts forecast that Crown will post 5.9 EPS for the current year.

Insider Transactions at Crown

In related news, CEO Timothy J. Donahue sold 22,500 shares of Crown stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $85.18, for a total transaction of $1,916,550.00. Following the completion of the transaction, the chief executive officer now directly owns 616,178 shares of the company's stock, valued at approximately $52,486,042.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Crown

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Crown by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 11,825,703 shares of the industrial products company's stock worth $1,089,029,000 after purchasing an additional 173,460 shares during the last quarter. Victory Capital Management Inc. increased its position in Crown by 7.3% in the 4th quarter. Victory Capital Management Inc. now owns 5,136,706 shares of the industrial products company's stock valued at $473,039,000 after acquiring an additional 350,265 shares in the last quarter. FMR LLC raised its stake in shares of Crown by 8.6% in the third quarter. FMR LLC now owns 3,776,097 shares of the industrial products company's stock worth $334,109,000 after acquiring an additional 298,766 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Crown by 7.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,536,995 shares of the industrial products company's stock worth $233,632,000 after purchasing an additional 186,387 shares in the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Crown by 41.9% in the third quarter. Toronto Dominion Bank now owns 2,213,904 shares of the industrial products company's stock valued at $195,886,000 after purchasing an additional 654,082 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

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.