Crown (NYSE:CCK) Price Target Cut to $100.00 by Analysts at Mizuho

Crown (NYSE:CCK) had its price objective dropped by research analysts at Mizuho from $110.00 to $100.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Mizuho’s price target would indicate a potential upside of 22.84% from the company’s previous close.

CCK has been the subject of several other reports. Royal Bank of Canada upped their price objective on shares of Crown from $105.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Bank of America cut their price objective on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday. Robert W. Baird boosted their price target on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Loop Capital increased their target price on Crown from $120.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company cut their price objective on Crown from $105.00 to $88.00 and set an “equal weight” rating for the company in a report on Monday. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.62.

Crown Trading Up 1.6 %

Shares of CCK stock traded up $1.30 during mid-day trading on Tuesday, reaching $81.41. The stock had a trading volume of 293,712 shares, compared to its average volume of 713,279. The firm has a market capitalization of $9.74 billion, a PE ratio of 100.51, a price-to-earnings-growth ratio of 1.95 and a beta of 0.86. The stock’s 50-day moving average price is $88.83 and its two-hundred day moving average price is $87.77. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 2.19. Crown has a 52-week low of $69.61 and a 52-week high of $98.46.

Crown (NYSE:CCK) last released its quarterly earnings data on Thursday, October 17th. The industrial products company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.18. Crown had a return on equity of 24.57% and a net margin of 0.83%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Equities analysts expect that Crown will post 6.34 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Gerard H. Gifford sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total transaction of $958,900.00. Following the sale, the chief operating officer now directly owns 114,402 shares of the company’s stock, valued at $10,970,007.78. This represents a 8.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total value of $725,475.00. Following the transaction, the chief executive officer now owns 563,678 shares of the company’s stock, valued at $54,524,572.94. This represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Crown

Hedge funds have recently bought and sold shares of the business. Savant Capital LLC raised its position in shares of Crown by 240.8% during the 2nd quarter. Savant Capital LLC now owns 10,797 shares of the industrial products company’s stock valued at $803,000 after buying an additional 7,629 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Crown during the 2nd quarter valued at approximately $203,000. Daiwa Securities Group Inc. raised its holdings in Crown by 5.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 8,372 shares of the industrial products company’s stock valued at $623,000 after buying an additional 400 shares during the period. American Century Companies Inc. lifted its position in Crown by 99.2% in the second quarter. American Century Companies Inc. now owns 102,828 shares of the industrial products company’s stock worth $7,649,000 after buying an additional 51,199 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Crown by 5.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,471,750 shares of the industrial products company’s stock worth $109,504,000 after acquiring an additional 79,502 shares during the last quarter. Hedge funds and other institutional investors 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.