Crown (NYSE:CCK) Given New $112.00 Price Target at Barclays

Crown (NYSE:CCK) had its target price boosted by Barclays from $100.00 to $112.00 in a research report released on Monday, Benzinga reports. Barclays currently has an overweight rating on the industrial products company’s stock.

CCK has been the subject of several other research reports. Citigroup increased their price objective on Crown from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Mizuho set a $110.00 price objective on shares of Crown in a research note on Friday. Morgan Stanley upped their target price on shares of Crown from $92.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 4th. Royal Bank of Canada reissued an “outperform” rating and set a $105.00 price target on shares of Crown in a research note on Tuesday, September 24th. Finally, Truist Financial boosted their target price on Crown from $95.00 to $103.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and a consensus target price of $106.00.

Crown Stock Down 1.5 %

Shares of NYSE:CCK opened at $96.33 on Monday. Crown has a fifty-two week low of $69.61 and a fifty-two week high of $98.46. The company has a quick ratio of 0.73, a current ratio of 1.05 and a debt-to-equity ratio of 2.00. The firm’s 50-day simple moving average is $91.87 and its 200-day simple moving average is $84.59. The company has a market cap of $11.63 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 2.19 and a beta of 0.86.

Crown (NYSE:CCK) last released its earnings results on Monday, July 22nd. The industrial products company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.22. The company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Crown had a return on equity of 23.96% and a net margin of 3.68%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.68 EPS. As a group, equities research analysts predict that Crown will post 6.15 earnings per share for the current year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Thursday, August 15th. Crown’s payout ratio is 28.82%.

Insider Transactions at Crown

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $90.58, for a total value of $679,350.00. Following the sale, the chief executive officer now directly owns 578,678 shares of the company’s stock, valued at approximately $52,416,653.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Crown news, Director James H. Miller sold 1,006 shares of Crown stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $95.60, for a total value of $96,173.60. Following the transaction, the director now owns 12,424 shares in the company, valued at $1,187,734.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $90.58, for a total value of $679,350.00. Following the sale, the chief executive officer now owns 578,678 shares of the company’s stock, valued at $52,416,653.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,506 shares of company stock worth $2,116,899 over the last quarter. 0.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Crown

Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in shares of Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 163 shares in the last quarter. Mather Group LLC. purchased a new position in Crown in the first quarter valued at about $32,000. EntryPoint Capital LLC acquired a new position in shares of Crown during the first quarter worth about $41,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of Crown in the first quarter worth about $43,000. Finally, Blue Trust Inc. grew its stake in shares of Crown by 172.6% in the second quarter. Blue Trust Inc. now owns 608 shares of the industrial products company’s stock valued at $48,000 after buying an additional 385 shares in the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

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.