NYSE:CCKCrown Stock Price, Forecast & News

$66.48

+0.38 (+0.57 %)

(As of 05/28/2020 04:00 PM ET)

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Today's Range

$66.12

Now: $66.48▼

$67.22

50-Day Range

$56.50

MA: $61.50▼

$65.13

52-Week Range

$42.97

Now: $66.48▼

$80.57

Volume933,652 shs

Average Volume1.36 million shs

Market Capitalization$8.95 billion

P/E Ratio18.11

Dividend YieldN/A

Beta1.27

Crown Holdings, Inc. designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries. The company also provides products for industrial products, such as steel and plastic strap consumables and equipment, paper-based protective packaging, and plastic film consumables and equipment to metals, food and beverage, construction, agricultural, corrugated, and general industries. In addition, it offers aerosol cans and ends; and promotional and specialty packaging containers with various lid and closure variations. Further, the company provides industrial film and other related products; transit protection products, such as airbags, edge protectors, and honeycombs; and equipment and tools, such as manual, semi-automatic, and automatic equipment and tools used in end of line manufacturing applications to apply consumables. Crown Holdings, Inc. was founded in 1927 and is headquartered in Yardley, Pennsylvania.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Crown has received a consensus rating of Buy. The company's average rating score is 2.82, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $80.00, Crown has a potential upside of 20.3% from its current price of $66.48.
Amount of Analyst Coverage
Crown has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.7 Community Rank

Outperform Votes
Crown has received 511 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Crown has received 446 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Crown has received 53.40% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Crown and other stocks. Vote “Outperform” if you believe CCK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CCK will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Crown does not currently pay a dividend.
Dividend Growth
Crown does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Crown insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.90% of the stock of Crown is held by insiders.
Percentage Held by Institutions
89.83% of the stock of Crown is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Crown are expected to grow by 7.98% in the coming year, from $5.01 to $5.41 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Crown is 18.11, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.97.
Price to Earnings Ratio vs. Sector
The P/E ratio of Crown is 18.11, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.83.
Price to Earnings Growth Ratio
Crown has a PEG Ratio of 2.59. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Crown has a P/B Ratio of 4.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.67 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Metal cans

Sub-IndustryMetal & Glass Containers

SectorIndustrial Products

Current SymbolNYSE:CCK

Previous Symbol

CUSIP22836810

CIK1219601

Webwww.crowncork.com

Phone215-698-5100

Debt

Debt-to-Equity Ratio4.28

Current Ratio1.31

Quick Ratio0.80

Price-To-Earnings

Trailing P/E Ratio18.11

Forward P/E Ratio13.27

P/E Growth2.59

Sales & Book Value

Annual Sales$11.67 billion

Price / Sales0.77

Cash Flow$9.11 per share

Price / Cash Flow7.30

Book Value$15.24 per share

Price / Book4.36

Profitability

EPS (Most Recent Fiscal Year)$5.11

Net Income$510 million

Net Margins4.24%

Return on Equity35.65%

Return on Assets4.53%

Miscellaneous

Employees33,000

Outstanding Shares134,675,000

Market Cap$8.95 billion

Next Earnings Date7/15/2020 (Estimated)

OptionableOptionable

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Crown (NYSE:CCK) Frequently Asked Questions

How has Crown's stock been impacted by COVID-19 (Coronavirus)?

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 stock has increased by 8.2% and is now trading at $66.48. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Crown?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crown in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Crown.

When is Crown's next earnings date?

Crown is scheduled to release its next quarterly earnings announcement on Wednesday, July 15th 2020. View our earnings forecast for Crown.

How were Crown's earnings last quarter?

Crown Holdings, Inc. (NYSE:CCK) posted its quarterly earnings results on Monday, April, 20th. The industrial products company reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.92 by $0.21. The industrial products company earned $2.76 billion during the quarter, compared to the consensus estimate of $2.73 billion. Crown had a return on equity of 35.65% and a net margin of 4.24%. The company's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business earned $1.05 earnings per share. View Crown's earnings history.

How will Crown's stock buyback program work?

Crown announced that its board has authorized a stock repurchase program on Tuesday, March 10th 2020, which authorizes the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 3.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

What price target have analysts set for CCK?

11 brokers have issued twelve-month target prices for Crown's stock. Their forecasts range from $61.00 to $100.00. On average, they expect Crown's stock price to reach $80.00 in the next twelve months. This suggests a possible upside of 20.3% from the stock's current price. View analysts' price targets for Crown.

Has Crown been receiving favorable news coverage?

News coverage about CCK stock has trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Crown earned a news sentiment score of -1.8 on InfoTrie's scale. They also assigned news headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutCrown.

Are investors shorting Crown?

Crown saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 2,000,000 shares, a decrease of 22.2% from the April 15th total of 2,570,000 shares. Based on an average daily trading volume, of 1,520,000 shares, the short-interest ratio is presently 1.3 days. Currently, 1.5% of the shares of the company are sold short. View Crown's Current Options Chain.

Who are some of Crown's key competitors?

Some companies that are related to Crown include Ball (BLL), AptarGroup (ATR), Berry Global Group (BERY), Silgan (SLGN), Greif (GEF), Owens-Illinois (OI) and Myers Industries (MYE). View all competitors.

What other stocks do shareholders of Crown own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Crown investors own include NXP Semiconductors (NXPI), Home Depot (HD), NVIDIA (NVDA), Procter & Gamble (PG), Allegheny Technologies (ATI), Walt Disney (DIS), MCCORMICK & CO /SH (MKC), Mueller Industries (MLI), Netflix (NFLX) and General Electric (GE).

Who are Crown's key executives?

Crown's management team includes the following people:

Mr. Timothy J. Donahue, Pres, CEO & Director (Age 56)
Mr. Thomas A. Kelly, Sr. VP & CFO (Age 60)
Mr. Gerard H. Gifford, Exec. VP & COO (Age 64)
Mr. Robert H. Bourque Jr., Pres of Transit Packaging Division (Age 49)
Mr. Didier Michel Sourisseau, Pres of European Division (Age 53)

What is Crown's stock symbol?

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

Who are Crown's major shareholders?

Crown's stock is owned by many different institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (5.54%), Janus Henderson Group PLC (5.27%), BlackRock Inc. (4.97%), Lyrical Asset Management LP (3.19%), EdgePoint Investment Group Inc. (2.76%) and Maverick Capital Ltd. (2.59%). Company insiders that own Crown stock include Andrea J Funk, David A Beaver, Gerard H Gifford, Hock Huat Goh, John W Conway, Richard H Fearon, Timothy J Donahue and William S Urkiel. View institutional ownership trends for Crown.

Which institutional investors are selling Crown stock?

CCK stock was sold by a variety of institutional investors in the last quarter, including EdgePoint Investment Group Inc., Schroder Investment Management Group, Columbus Circle Investors, Lyrical Asset Management LP, Nuveen Asset Management LLC, Fuller & Thaler Asset Management Inc., Packer & Co Ltd, and BlackRock Inc.. Company insiders that have sold Crown company stock in the last year include David A Beaver, Gerard H Gifford, Hock Huat Goh, and Richard H Fearon. View insider buying and selling activity for Crown.

Which institutional investors are buying Crown stock?

CCK stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Maverick Capital Ltd., Jennison Associates LLC, Alyeska Investment Group L.P., Sumitomo Mitsui Trust Holdings Inc., MIK Capital LP, Deutsche Bank AG, and Janus Henderson Group PLC. Company insiders that have bought Crown stock in the last two years include Andrea J Funk, Timothy J Donahue, and William S Urkiel. View insider buying and selling activity for Crown.

How do I buy shares of 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.

What is Crown's stock price today?

One share of CCK stock can currently be purchased for approximately $66.48.

How big of a company is Crown?

Crown has a market capitalization of $8.95 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.

What is Crown's official website?

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

How can I contact Crown?

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]

This page was last updated on 5/28/2020 by MarketBeat.com Staff