Deutsche Bank Reiterates $60.00 Price Target for Crown (CCK)

Deutsche Bank set a $60.00 target price on Crown (NYSE:CCK) in a research report released on Friday morning. The firm currently has a buy rating on the industrial products company’s stock.

CCK has been the subject of several other research reports. Zacks Investment Research downgraded Crown from a hold rating to a sell rating in a research report on Wednesday, January 23rd. Citigroup reduced their target price on Crown from $60.00 to $54.00 and set a buy rating on the stock in a research note on Monday, January 7th. KeyCorp reissued a hold rating on shares of Crown in a research note on Thursday, February 7th. ValuEngine cut Crown from a sell rating to a strong sell rating in a research note on Friday, October 26th. Finally, Wells Fargo & Co raised Crown from a market perform rating to an outperform rating and set a $60.00 target price on the stock in a research note on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $58.91.

Shares of CCK stock opened at $53.31 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.14 and a debt-to-equity ratio of 6.82. Crown has a fifty-two week low of $39.05 and a fifty-two week high of $54.44. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 1.42 and a beta of 1.67.



Crown (NYSE:CCK) last announced its quarterly earnings data on Wednesday, February 6th. The industrial products company reported $1.00 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. Crown had a return on equity of 58.67% and a net margin of 3.94%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The business’s revenue was up 26.1% on a year-over-year basis. On average, equities analysts predict that Crown will post 5.3 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Inc. increased its stake in shares of Crown by 44.5% during the fourth quarter. Advisor Group Inc. now owns 3,037 shares of the industrial products company’s stock valued at $127,000 after buying an additional 935 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Crown by 22.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,455 shares of the industrial products company’s stock valued at $268,000 after buying an additional 1,169 shares during the period. Rovida Advisors Inc. purchased a new stake in Crown in the fourth quarter worth $5,045,000. Bank of New York Mellon Corp grew its stake in Crown by 10.1% in the fourth quarter. Bank of New York Mellon Corp now owns 765,584 shares of the industrial products company’s stock worth $31,824,000 after purchasing an additional 70,020 shares during the period. Finally, GAM Holding AG purchased a new stake in Crown in the fourth quarter worth $423,000.

About Crown

Crown Holdings, Inc designs, manufactures, and sells packaging products for consumer goods in the Americas, Europe, and the Asia Pacific. Its primary products include steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage products; and metal vacuum closures, steel crowns and caps.

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