Crown (NYSE:CCK) Stock Price Breaks Above 200-Day Moving Average - Here's What Happened

Key Points

• Crown Holdings shares briefly moved above their 200-day moving average of $107.58, reaching $107.84 before trading near $106.33.
• Analyst sentiment remains positive: JPMorgan upgraded the stock to “overweight,” while the consensus rating is “Moderate Buy” with an average price target of $128.20.
• Crown exceeded quarterly expectations with $2.49 in earnings per share and $3.67 billion in revenue, while maintaining a quarterly dividend of $0.35 per share, equivalent to a 1.3% yield.

Crown Holdings, Inc. (NYSE:CCK - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $107.58 and traded as high as $107.84. Crown shares last traded at $106.3250, with a volume of 880,371 shares traded.

Analyst Ratings Changes

Several research analysts recently commented on CCK shares. JPMorgan Chase & Co. raised Crown from a "neutral" rating to an "overweight" rating and set a $121.00 price objective for the company in a research note on Friday, September 18th. Royal Bank Of Canada lifted their target price on shares of Crown from $131.00 to $135.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Robert W. Baird upped their target price on shares of Crown from $120.00 to $130.00 and gave the stock a "neutral" rating in a report on Wednesday, July 22nd. Truist Financial reiterated a "buy" rating and issued a $141.00 target price (up from $129.00) on shares of Crown in a research report on Wednesday, July 22nd. Finally, UBS Group raised their price target on shares of Crown from $115.00 to $123.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 22nd. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $128.20.

Crown Price Performance

The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 1.63. The company has a market cap of $11.56 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 1.51 and a beta of 0.58. The stock's 50-day simple moving average is $115.77 and its 200 day simple moving average is $107.58.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings results on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, topping analysts' consensus estimates of $2.16 by $0.33. The company had revenue of $3.67 billion for the quarter, compared to analysts' expectations of $3.37 billion. Crown had a return on equity of 27.33% and a net margin of 5.91%.The firm's revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.15 earnings per share. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. On average, equities research analysts anticipate that Crown Holdings, Inc. will post 8.39 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were paid a $0.35 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. Crown's payout ratio is 20.14%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CCK. Root Financial Partners LLC lifted its position in shares of Crown by 23.8% during the 4th quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company's stock worth $49,000 after purchasing an additional 91 shares during the last quarter. Anchor Investment Management LLC increased its holdings in Crown by 5.8% in the second quarter. Anchor Investment Management LLC now owns 1,974 shares of the industrial products company's stock valued at $221,000 after buying an additional 109 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Crown by 2.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,838 shares of the industrial products company's stock valued at $585,000 after buying an additional 121 shares in the last quarter. Amova Asset Management Americas Inc. lifted its holdings in Crown by 2.1% during the 1st quarter. Amova Asset Management Americas Inc. now owns 5,838 shares of the industrial products company's stock worth $585,000 after buying an additional 121 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in Crown by 0.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 22,972 shares of the industrial products company's stock worth $2,303,000 after buying an additional 152 shares during the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

About Crown

Crown Holdings, Inc NYSE: CCK is a global manufacturer of packaging products. The company primarily produces metal beverage cans and ends, food cans, aerosol cans, and metal closures used for beverages, food, household products, personal care items, and other consumer goods.

Crown also provides transit packaging solutions, including protective packaging systems and materials used to secure and transport industrial and consumer products. Its customers include beverage, food, household products, personal care, and industrial companies.

The company traces its history to 1892, when it was founded as Crown Cork & Seal Company following the development of the crown cork bottle closure.

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