Royal Bank Of Canada Forecasts Strong Price Appreciation for Crown (NYSE:CCK) Stock

Key Points

• Royal Bank of Canada has raised its price target for Crown Holdings (NYSE:CCK) from $116 to $120, indicating a potential upside of 20.83% from the current price.
• The stock currently has a consensus rating of "Moderate Buy", with twelve analysts rating it as a Buy and three as a Hold.
• Crown's recent quarterly earnings report showed an EPS of $2.24, exceeding expectations and reflecting a 4.2% revenue increase compared to the same quarter last year.

Crown (NYSE:CCK - Get Free Report) had its price target upped by stock analysts at Royal Bank Of Canada from $116.00 to $120.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the industrial products company's stock. Royal Bank Of Canada's price objective suggests a potential upside of 20.83% from the company's current price.

A number of other research analysts have also recently weighed in on the stock. Truist Financial set a $126.00 price objective on shares of Crown and gave the company a "buy" rating in a report on Wednesday. Wells Fargo & Company lifted their price objective on shares of Crown from $97.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Crown from $108.00 to $112.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Baird R W cut shares of Crown from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 17th. Finally, Robert W. Baird lifted their price objective on shares of Crown from $105.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $117.69.

Crown Stock Down 0.3%

NYSE CCK traded down $0.29 on Wednesday, hitting $99.31. The stock had a trading volume of 223,787 shares, compared to its average volume of 1,281,918. Crown has a 52-week low of $75.98 and a 52-week high of $109.48. The business's fifty day moving average price is $96.19 and its 200 day moving average price is $97.43. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. The stock has a market cap of $11.56 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 1.35 and a beta of 0.73.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, topping the consensus estimate of $1.98 by $0.26. Crown had a net margin of 7.79% and a return on equity of 27.35%. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the firm posted $1.99 earnings per share. The business'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. Equities research analysts anticipate that Crown will post 6.96 earnings per share for the current year.

Insider Activity

In related news, CEO Timothy J. Donahue sold 13,000 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $100.52, for a total transaction of $1,306,760.00. Following the completion of the sale, the chief executive officer owned 449,056 shares of the company's stock, valued at approximately $45,139,109.12. This represents a 2.81% 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, CAO Gerard H. Gifford sold 8,222 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $102.93, for a total transaction of $846,290.46. Following the completion of the transaction, the chief accounting officer owned 122,585 shares in the company, valued at $12,617,674.05. The trade was a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,222 shares of company stock valued at $5,873,770. 0.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Crown

Several large investors have recently made changes to their positions in the stock. Northern Trust Corp lifted its holdings in Crown by 13.7% during the 1st quarter. Northern Trust Corp now owns 1,242,250 shares of the industrial products company's stock worth $110,883,000 after buying an additional 149,339 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Crown by 155.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,793 shares of the industrial products company's stock worth $158,000 after buying an additional 1,091 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Crown by 110.3% during the 1st quarter. GAMMA Investing LLC now owns 1,201 shares of the industrial products company's stock worth $107,000 after buying an additional 630 shares in the last quarter. Inspire Investing LLC acquired a new stake in Crown during the 1st quarter worth approximately $762,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Crown during the 1st quarter worth approximately $820,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Crown Company Profile

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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