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

Crown (NYSE:CCK) had its price target boosted by stock analysts at Robert W. Baird from $100.00 to $110.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s target price indicates a potential upside of 12.53% from the stock’s current price.

CCK has been the topic of a number of other research reports. Loop Capital boosted their price objective on Crown from $106.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Morgan Stanley increased their price objective on shares of Crown from $92.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 4th. Royal Bank of Canada reissued an “outperform” rating and set a $105.00 target price on shares of Crown in a research report on Tuesday, September 24th. Truist Financial raised their price target on shares of Crown from $95.00 to $103.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $103.46.

Crown Price Performance

Shares of NYSE:CCK opened at $97.75 on Monday. The business has a fifty day simple moving average of $91.66 and a 200-day simple moving average of $84.45. Crown has a 52 week low of $69.61 and a 52 week high of $98.46. The company has a market cap of $11.80 billion, a P/E ratio of 28.17, a P/E/G ratio of 2.19 and a beta of 0.86. The company has a quick ratio of 0.73, a current ratio of 1.05 and a debt-to-equity ratio of 2.00.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, July 22nd. The industrial products company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.22. Crown had a net margin of 3.68% and a return on equity of 23.96%. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the company posted $1.68 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. Equities research analysts forecast that Crown will post 6.15 EPS for the current year.

Insider Activity at Crown

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $85.85, for a total value of $643,875.00. Following the completion of the transaction, the chief executive officer now owns 586,178 shares of the company’s stock, 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 document filed with the SEC, which is available through this link. In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $85.85, for a total value of $643,875.00. Following the completion of the transaction, the chief executive officer now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James H. Miller sold 1,006 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $95.60, for a total value of $96,173.60. Following the transaction, the director now owns 12,424 shares of the company’s stock, valued at approximately $1,187,734.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,506 shares of company stock valued at $3,392,349. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Crown

Several hedge funds have recently made changes to their positions in CCK. GAMMA Investing LLC increased its holdings in shares of 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 in the last quarter. Mather Group LLC. acquired a new position in shares of Crown in the 1st quarter worth $32,000. EntryPoint Capital LLC acquired a new stake in shares of Crown during the first quarter worth $41,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of Crown during the first quarter valued at $43,000. Finally, Blue Trust Inc. increased its stake in Crown by 172.6% in the 2nd quarter. Blue Trust Inc. now owns 608 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 385 shares in 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.