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

Crown (NYSE:CCK) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other research firms have also recently issued reports on CCK. Bank of America boosted their price objective on Crown from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Citigroup boosted their price target on shares of Crown from $100.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Robert W. Baird raised their price objective on shares of Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Truist Financial upped their target price on shares of Crown from $95.00 to $103.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Finally, UBS Group decreased their price objective on Crown from $112.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Three equities 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, Crown has a consensus rating of “Moderate Buy” and an average target price of $106.62.

Crown Stock Down 1.6 %

CCK stock opened at $93.70 on Friday. Crown has a twelve month low of $69.61 and a twelve month 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 company has a market cap of $11.31 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 2.19 and a beta of 0.86. The business’s 50-day simple moving average is $92.52 and its 200 day simple moving average is $85.06.

Insider Buying and Selling

In other news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $85.85, for a total transaction of $643,875.00. Following the sale, the chief executive officer now directly owns 586,178 shares of the company’s stock, valued at $50,323,381.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $85.85, for a total transaction of $643,875.00. Following the completion of the sale, the chief executive officer now owns 586,178 shares in the company, valued at $50,323,381.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James H. Miller sold 1,006 shares of the company’s 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 directly owns 12,424 shares in the company, valued at $1,187,734.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,506 shares of company stock worth $3,075,799 in the last 90 days. Corporate insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Crown

A number of institutional investors and hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its position in shares of Crown by 6.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 158 shares during the last quarter. GAMMA Investing LLC lifted its stake in Crown by 110.9% in the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock valued at $30,000 after buying an additional 163 shares during the period. Fifth Third Bancorp boosted its holdings in Crown by 36.1% during the second quarter. Fifth Third Bancorp now owns 664 shares of the industrial products company’s stock worth $49,000 after buying an additional 176 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Crown by 2.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock valued at $894,000 after acquiring an additional 183 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Crown by 5.4% in the 2nd quarter. CIBC Asset Management Inc now owns 4,079 shares of the industrial products company’s stock valued at $303,000 after acquiring an additional 209 shares during the period. 90.93% of the stock is owned by 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.