Analysts Set Crown Holdings, Inc. (NYSE:CCK) PT at $101.14

Shares of Crown Holdings, Inc. (NYSE:CCK) have been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $101.14.

A number of brokerages have recently commented on CCK. Morgan Stanley lifted their target price on shares of Crown from $92.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, September 4th. UBS Group lowered their price target on shares of Crown from $112.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Royal Bank of Canada lifted their target price on shares of Crown from $96.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Bank of America lifted their price target on shares of Crown from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Citigroup increased their price target on shares of Crown from $94.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 586,178 shares of the company’s stock, valued at approximately $50,323,381.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Timothy J. Donahue sold 15,000 shares of Crown stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $85.03, for a total value of $1,275,450.00. Following the completion of the transaction, the chief executive officer now owns 593,678 shares of the company’s stock, valued at $50,480,440.34. The disclosure for this sale can be found here. Insiders sold a total of 30,000 shares of company stock worth $2,598,675 in the last 90 days. 0.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Crown

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rise Advisors LLC bought a new position in shares of Crown in the first quarter valued at approximately $27,000. Quest Partners LLC acquired a new position in Crown in the 4th quarter worth approximately $34,000. Mather Group LLC. purchased a new position in shares of Crown during the first quarter valued at $32,000. Quarry LP lifted its position in shares of Crown by 190.3% in the fourth quarter. Quarry LP now owns 421 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 276 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Crown during the 1st quarter valued at $41,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Crown Price Performance

Shares of CCK opened at $93.70 on Tuesday. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 2.13 and a beta of 0.85. The firm’s fifty day simple moving average is $87.43 and its 200-day simple moving average is $82.13. Crown has a twelve month low of $69.61 and a twelve month high of $94.46. The company has a current ratio of 1.05, a quick ratio of 0.73 and a debt-to-equity ratio of 2.00.

Crown (NYSE:CCK) last released its quarterly earnings data on Monday, July 22nd. The industrial products company reported $1.81 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter last year, the company earned $1.68 earnings per share. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities analysts forecast that Crown will post 6.15 EPS for the current fiscal year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $0.25 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. Crown’s dividend payout ratio is currently 28.82%.

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.