Crown (NYSE:CCK) has been given a $70.00 price target by stock analysts at Wells Fargo & Co in a research note issued on Friday, TipRanks reports. The firm presently has a “hold” rating on the industrial products company’s stock. Wells Fargo & Co‘s price objective suggests a potential upside of 15.80% from the stock’s previous close.
Several other equities analysts have also recently issued reports on CCK. Zacks Investment Research upgraded Crown from a “sell” rating to a “hold” rating in a research report on Thursday, January 17th. ValuEngine upgraded Crown from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. KeyCorp reiterated a “hold” rating on shares of Crown in a research report on Thursday, February 7th. Deutsche Bank set a $60.00 target price on Crown and gave the stock a “buy” rating in a research report on Friday, February 8th. Finally, Royal Bank of Canada boosted their target price on Crown from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Crown currently has a consensus rating of “Hold” and a consensus price target of $60.67.
CCK stock traded down $0.75 during trading on Friday, hitting $60.45. The company had a trading volume of 948,754 shares, compared to its average volume of 1,356,144. The stock has a market capitalization of $8.19 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 1.63 and a beta of 1.66. Crown has a 1-year low of $39.05 and a 1-year high of $61.40. The company has a quick ratio of 0.65, a current ratio of 1.20 and a debt-to-equity ratio of 5.87.
In other Crown news, Director John W. Conway sold 129,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $58.06, for a total transaction of $7,489,740.00. Following the transaction, the director now owns 1,156,677 shares in the company, valued at approximately $67,156,666.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.
Large investors have recently made changes to their positions in the company. Massey Quick Simon & CO. LLC purchased a new stake in shares of Crown during the 1st quarter worth approximately $26,000. First Mercantile Trust Co. purchased a new stake in shares of Crown during the 4th quarter worth approximately $30,000. First Personal Financial Services boosted its stake in shares of Crown by 178.7% during the 1st quarter. First Personal Financial Services now owns 577 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 370 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in shares of Crown during the 1st quarter worth approximately $31,000. Finally, IFP Advisors Inc boosted its stake in shares of Crown by 358.7% during the 4th quarter. IFP Advisors Inc now owns 899 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 703 shares in the last quarter.
Crown Company Profile
Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.
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