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

Crown (NYSE:CCK - Get Free Report) had its price target upped by equities research analysts at UBS Group from $114.00 to $125.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the industrial products company's stock. UBS Group's price objective indicates a potential upside of 15.71% from the stock's current price.

CCK has been the topic of a number of other reports. Truist Financial reduced their target price on shares of Crown from $107.00 to $97.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank Of Canada boosted their price objective on shares of Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Citigroup raised their target price on shares of Crown from $119.00 to $129.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Barclays lifted their target price on shares of Crown from $109.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Finally, Mizuho boosted their price target on Crown from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Crown has an average rating of "Moderate Buy" and an average target price of $115.73.

Crown Trading Down 0.1%

CCK stock traded down $0.09 during trading on Wednesday, reaching $108.03. The company had a trading volume of 782,983 shares, compared to its average volume of 1,239,767. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.87 and a quick ratio of 0.56. Crown has a 52 week low of $71.62 and a 52 week high of $109.12. The business has a 50 day moving average of $100.73 and a 200 day moving average of $91.43. The company has a market cap of $12.57 billion, a P/E ratio of 23.23, a PEG ratio of 1.86 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 for the quarter, topping analysts' consensus estimates of $1.22 by $0.45. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.82 billion. Crown had a return on equity of 26.98% and a net margin of 4.62%. The business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.02 EPS. As a group, sell-side analysts forecast that Crown will post 6.96 earnings per share for the current fiscal year.

Insider Buying and Selling at Crown

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC grew 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 buying an additional 107 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company's stock worth $32,000 after acquiring an additional 111 shares during the last quarter. Signaturefd LLC increased its stake in shares of Crown by 161.2% in the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock worth $35,000 after purchasing an additional 245 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Crown by 160.0% in the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock worth $34,000 after purchasing an additional 256 shares during the period. Finally, National Pension Service lifted its position in Crown by 74.4% during the first quarter. National Pension Service now owns 443 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 189 shares in the last quarter. Institutional investors 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.