Crown Stock Forecast, Price & News

Crown's stock was trading at $61.47 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CCK shares have increased by 23.9% and is now trading at $76.16.
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12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crown in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Crown is scheduled to release its next quarterly earnings announcement on Wednesday, October 21st 2020.
View our earnings forecast for Crown.

Crown Holdings, Inc. (NYSE:CCK) issued its earnings results on Monday, July, 20th. The industrial products company reported $1.33 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.31 by $0.02. The industrial products company earned $2.69 billion during the quarter, compared to analyst estimates of $2.76 billion. Crown had a return on equity of 32.53% and a net margin of 4.28%. The business's revenue for the quarter was down 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 earnings per share.
View Crown's earnings history.

Crown declared that its board has approved a share buyback plan on Tuesday, March 10th 2020, which authorizes the company to repurchase $250,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its stock is undervalued.

Crown issued an update on its FY20 earnings guidance on Monday, July, 20th. The company provided earnings per share guidance of $5.10-5.25 for the period, compared to the Thomson Reuters consensus estimate of $5.00.

12 analysts have issued twelve-month price targets for Crown's shares. Their forecasts range from $61.00 to $100.00. On average, they anticipate Crown's share price to reach $82.36 in the next twelve months. This suggests a possible upside of 8.1% from the stock's current price.
View analysts' price targets for Crown.

Crown saw a increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,440,000 shares, an increase of 19.0% from the July 30th total of 2,050,000 shares. Based on an average daily volume of 1,020,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.9% of the shares of the stock are sold short.
View Crown's Short Interest.

Some companies that are related to Crown include Ball (BLL), AptarGroup (ATR), Berry Global Group (BERY), Silgan (SLGN), Owens-Illinois (OI), Greif (GEF) and Myers Industries (MYE).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Crown investors own include NXP Semiconductors (NXPI), NVIDIA (NVDA), Netflix (NFLX), Procter & Gamble (PG), QUALCOMM (QCOM), AbbVie (ABBV), Applied Materials (AMAT), Coca-Cola (KO), Advanced Micro Devices (AMD) and Allegheny Technologies (ATI).

Crown trades on the New York Stock Exchange (NYSE) under the ticker symbol "CCK."

Crown's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.35%), FMR LLC (5.80%), Nordea Investment Management AB (2.64%), Lyrical Asset Management LP (2.57%), EdgePoint Investment Group Inc. (2.52%) and William Blair Investment Management LLC (2.39%). Company insiders that own Crown stock include Andrea J Funk, David A Beaver, Didier Sourisseau, Gerard H Gifford, Hock Huat Goh, John W Conway and Richard H Fearon.
View institutional ownership trends for Crown.

CCK stock was sold by a variety of institutional investors in the last quarter, including Lyrical Asset Management LP, Jefferies Group LLC, Vanguard Group Inc., Marshall Wace North America L.P., EdgePoint Investment Group Inc., Sumitomo Mitsui Trust Holdings Inc., Marshall Wace LLP, and Nuveen Asset Management LLC. Company insiders that have sold Crown company stock in the last year include David A Beaver, Didier Sourisseau, Gerard H Gifford, Hock Huat Goh, and Richard H Fearon.
View insider buying and selling activity for Crown.

CCK stock was bought by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Rockefeller Capital Management L.P., Kerrisdale Advisers LLC, Schonfeld Strategic Advisors LLC, Ensign Peak Advisors Inc, FMR LLC, Jennison Associates LLC, and Macquarie Group Ltd..
View insider buying and selling activity for Crown.

Shares of CCK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CCK stock can currently be purchased for approximately $76.16.

Crown has a market capitalization of $10.26 billion and generates $11.67 billion in revenue each year. The industrial products company earns $510 million in net income (profit) each year or $5.11 on an earnings per share basis. Crown employs 33,000 workers across the globe.

The official website for Crown is www.crowncork.com.

Crown's mailing address is 770 TOWNSHIP LINE ROAD, YARDLEY PA, 19067. The industrial products company can be reached via phone at 215-698-5100 or via email at [email protected]