Crown Holdings, Inc. (NYSE:CCK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Crown Holdings, Inc. (NYSE:CCK) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $105.69.

A number of research firms recently issued reports on CCK. Barclays lowered their target price on shares of Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a research note on Monday. Mizuho reduced their price target on shares of Crown from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. UBS Group reduced their price target on shares of Crown from $113.00 to $108.00 and set a “buy” rating for the company in a report on Friday, January 10th. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Morgan Stanley raised shares of Crown from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $109.00 to $105.00 in a report on Monday, January 13th.

Crown Stock Performance

NYSE:CCK opened at $88.37 on Friday. Crown has a 1 year low of $70.84 and a 1 year high of $98.46. The firm’s fifty day simple moving average is $85.24 and its 200 day simple moving average is $89.39. The company has a current ratio of 1.22, a quick ratio of 0.84 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $10.57 billion, a PE ratio of 24.82, a PEG ratio of 1.68 and a beta of 0.87.

Crown (NYSE:CCK) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. On average, sell-side analysts anticipate that Crown will post 6.83 EPS for the current year.

Hedge Funds Weigh In On Crown

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its position in Crown by 9.3% in the third quarter. FMR LLC now owns 8,787,606 shares of the industrial products company’s stock valued at $842,556,000 after buying an additional 749,085 shares in the last quarter. Victory Capital Management Inc. boosted its position in Crown by 1.8% in the fourth quarter. Victory Capital Management Inc. now owns 5,779,691 shares of the industrial products company’s stock valued at $477,923,000 after buying an additional 102,789 shares in the last quarter. State Street Corp boosted its position in Crown by 1.8% in the third quarter. State Street Corp now owns 4,000,402 shares of the industrial products company’s stock valued at $383,559,000 after buying an additional 69,260 shares in the last quarter. Pacer Advisors Inc. boosted its position in Crown by 10,138.8% in the fourth quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company’s stock valued at $256,762,000 after buying an additional 3,074,791 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Crown by 10.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,967,810 shares of the industrial products company’s stock valued at $245,408,000 after buying an additional 283,014 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

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.