Crown Holdings, Inc. (NYSE:CCK – Get Free Report) declared a quarterly dividend on Thursday, October 24th, RTT News reports. Stockholders of record on Thursday, November 14th will be given a dividend of 0.25 per share by the industrial products company on Wednesday, November 27th. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, November 14th.
Crown has a dividend payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Crown to earn $6.77 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 14.8%.
Crown Stock Down 1.6 %
Crown stock opened at $93.68 on Friday. Crown has a fifty-two week low of $69.61 and a fifty-two week high of $98.46. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.73 and a current ratio of 1.05. The company has a market capitalization of $11.31 billion, a P/E ratio of 27.00, a PEG ratio of 2.19 and a beta of 0.86. The stock has a 50-day simple moving average of $92.52 and a 200-day simple moving average of $84.99.
Insider Activity at Crown
Analyst Ratings Changes
Several brokerages recently weighed in on CCK. Robert W. Baird increased their target price on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Wells Fargo & Company lifted their price target on Crown from $97.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Citigroup lifted their price target on Crown from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Loop Capital lifted 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. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $106.62.
Read Our Latest Research Report on CCK
About Crown
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.
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