Crown (NYSE:CCK) Price Target Raised to $125.00

Crown (NYSE:CCK - Get Free Report) had its target price boosted by UBS Group from $114.00 to $125.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the industrial products company's stock. UBS Group's price objective would suggest a potential upside of 16.61% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. Barclays boosted their price target on shares of Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Wells Fargo & Company boosted their price target on shares of Crown from $89.00 to $101.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Royal Bank Of Canada boosted their price target on shares of Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Mizuho boosted their price target on shares of Crown from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Finally, Morgan Stanley boosted their price target on shares of Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Crown has an average rating of "Moderate Buy" and a consensus target price of $117.55.

Crown Stock Performance

Shares of CCK traded down $0.25 during trading hours on Wednesday, hitting $107.20. The stock had a trading volume of 790,270 shares, compared to its average volume of 1,237,736. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.56 and a current ratio of 0.87. The firm has a 50-day moving average price of $101.16 and a 200 day moving average price of $91.76. Crown has a fifty-two week low of $75.33 and a fifty-two week high of $109.48. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 1.75 and a beta of 0.76.

Crown (NYSE:CCK - Get Free Report) last posted its earnings results on Monday, April 28th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.45. Crown had a net margin of 4.62% and a return on equity of 26.98%. The firm had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.82 billion. During the same period in the previous year, the business posted $1.02 EPS. The business's revenue was up 3.7% compared to the same quarter last year. As a group, research analysts anticipate that Crown will post 6.96 EPS for the current year.

Insider Transactions at Crown

In related news, COO Gerard H. Gifford sold 7,000 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $97.00, for a total value of $679,000.00. Following the completion of the sale, the chief operating officer owned 135,014 shares of the company's stock, valued at approximately $13,096,358. This represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Christy L. Kalaus sold 2,130 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $99.41, for a total transaction of $211,743.30. Following the completion of the sale, the vice president directly owned 4,500 shares of the company's stock, valued at $447,345. This represents a 32.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company's stock.

Institutional Investors Weigh In On Crown

A number of hedge funds have recently modified their holdings of CCK. Farther Finance Advisors LLC lifted its position in Crown by 19.7% in the second quarter. Farther Finance Advisors LLC now owns 633 shares of the industrial products company's stock valued at $65,000 after buying an additional 104 shares during the last quarter. Larson Financial Group LLC lifted its position in Crown by 47.6% in 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 during the last quarter. Geneos Wealth Management Inc. lifted its position in Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company's stock valued at $32,000 after buying an additional 111 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Crown by 4.2% in the first quarter. Nisa Investment Advisors LLC now owns 2,858 shares of the industrial products company's stock valued at $256,000 after buying an additional 115 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its position in Crown by 4.6% in the fourth quarter. TD Private Client Wealth LLC now owns 2,864 shares of the industrial products company's stock valued at $237,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

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.