Crown (NYSE:CCK) Stock Rating Upgraded by StockNews.com

Crown (NYSE:CCK) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

CCK has been the subject of a number of other research reports. Morgan Stanley raised shares of Crown from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $109.00 to $105.00 in a research report on Monday, January 13th. Barclays lifted their target price on shares of Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Bank of America cut their price objective on shares of Crown from $107.00 to $101.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Truist Financial boosted their price objective on shares of Crown from $103.00 to $104.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Finally, Robert W. Baird lifted their target price on shares of Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and a consensus price target of $105.92.

Crown Stock Down 0.4 %

NYSE CCK traded down $0.34 during mid-day trading on Friday, reaching $87.01. The stock had a trading volume of 1,084,221 shares, compared to its average volume of 1,432,689. Crown has a 1 year low of $70.84 and a 1 year high of $98.46. The stock has a market cap of $10.41 billion, a PE ratio of 107.42, a price-to-earnings-growth ratio of 1.70 and a beta of 0.87. The company has a fifty day moving average price of $85.55 and a 200 day moving average price of $89.21. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84.

Crown (NYSE:CCK) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Crown had a net margin of 0.83% and a return on equity of 24.57%. On average, research analysts expect that Crown will post 6.35 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC boosted its holdings in shares of Crown by 121.3% during the 3rd quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company’s stock valued at $2,109,000 after purchasing an additional 12,058 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Crown by 4.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,041 shares of the industrial products company’s stock valued at $23,878,000 after acquiring an additional 10,295 shares during the last quarter. Jensen Investment Management Inc. lifted its holdings in shares of Crown by 7.8% in the 3rd quarter. Jensen Investment Management Inc. now owns 100,918 shares of the industrial products company’s stock valued at $9,676,000 after acquiring an additional 7,280 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Crown by 19.3% in the 4th quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company’s stock valued at $90,511,000 after acquiring an additional 176,959 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Crown by 7.8% in the 3rd quarter. Victory Capital Management Inc. now owns 5,676,902 shares of the industrial products company’s stock valued at $544,301,000 after acquiring an additional 412,973 shares during the last quarter. 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.