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

Shares of Crown Holdings, Inc. (NYSE:CCK) have earned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $106.00.

CCK has been the topic of several analyst reports. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Truist Financial lifted their price target 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. Mizuho reduced their price target on shares of Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. 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 research report on Monday, January 13th. Finally, Royal Bank of Canada lifted their price target on shares of Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, February 7th.

Crown Trading Up 2.2 %

CCK opened at $89.01 on Tuesday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80. The company’s 50 day simple moving average is $86.91 and its two-hundred day simple moving average is $89.53. Crown has a 1-year low of $70.84 and a 1-year high of $98.46. The firm has a market capitalization of $10.46 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88.

Crown (NYSE:CCK) last released its earnings results 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 3.59% and a return on equity of 25.12%. Analysts expect that Crown will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a $0.26 dividend. This is an increase from Crown’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.04 annualized dividend and a dividend yield of 1.17%. Crown’s payout ratio is 29.21%.

Hedge Funds Weigh In On Crown

Several institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Crown by 20.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 117 shares in the last quarter. TD Private Client Wealth LLC grew its stake in shares of Crown by 4.6% in the fourth quarter. TD Private Client Wealth LLC now owns 2,864 shares of the industrial products company’s stock worth $237,000 after acquiring an additional 125 shares in the last quarter. Spire Wealth Management grew its stake in shares of Crown by 16.2% during the fourth quarter. Spire Wealth Management now owns 992 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 138 shares in the last quarter. Bessemer Group Inc. increased its holdings in Crown by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 34,061 shares of the industrial products company’s stock valued at $2,816,000 after buying an additional 138 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA increased its holdings in Crown by 0.3% in the fourth quarter. Marshall & Sullivan Inc. WA now owns 57,268 shares of the industrial products company’s stock valued at $4,735,000 after buying an additional 155 shares during the last quarter. Institutional investors and hedge funds 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.