Robert W. Baird Raises Crown (NYSE:CCK) Price Target to $110.00

Crown (NYSE:CCK) had its price objective raised by Robert W. Baird from $100.00 to $110.00 in a research note released on Monday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.

Other research analysts also recently issued reports about the company. Barclays boosted their target price on Crown from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $105.00 price target on shares of Crown in a research report on Tuesday, September 24th. Mizuho set a $110.00 target price on Crown in a research report on Friday, October 18th. Morgan Stanley raised their price target 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. Finally, Wells Fargo & Company upped their price objective on shares of Crown from $88.00 to $97.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $106.62.

Crown Stock Down 0.2 %

Shares of CCK stock opened at $96.00 on Monday. Crown has a 1-year low of $69.61 and a 1-year high of $98.46. The stock’s fifty day moving average price is $92.25 and its 200 day moving average price is $84.80. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.05 and a quick ratio of 0.73. The company has a market cap of $11.59 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 2.19 and a beta of 0.86.

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

Insider Transactions at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $93.00, for a total transaction of $697,500.00. Following the sale, the chief executive officer now directly owns 571,178 shares of the company’s stock, valued at $53,119,554. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director James H. Miller sold 1,006 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $95.60, for a total transaction of $96,173.60. Following the sale, the director now directly owns 12,424 shares of the company’s stock, valued at $1,187,734.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $93.00, for a total transaction of $697,500.00. Following the completion of the transaction, the chief executive officer now directly owns 571,178 shares in the company, valued at $53,119,554. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,506 shares of company stock valued at $2,116,899 in the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in Crown by 110.9% in the 3rd 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 in the last quarter. Mather Group LLC. purchased a new position in Crown in the 1st quarter valued at about $32,000. EntryPoint Capital LLC purchased a new position in Crown in the 1st quarter valued at about $41,000. Trivant Custom Portfolio Group LLC purchased a new position in Crown in the 1st quarter valued at about $43,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Crown in the 3rd quarter worth approximately $55,000. 90.93% of the stock is 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.