Crown (NYSE:CCK) Stock Rating Upgraded by StockNews.com

Crown (NYSE:CCK – Get Rating) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

CCK has been the topic of a number of other reports. Wells Fargo & Company lowered their price target on Crown from $86.00 to $79.00 in a research note on Monday, March 27th. TheStreet raised Crown from a “c” rating to a “b-” rating in a research note on Wednesday, February 8th. Citigroup boosted their price objective on Crown from $103.00 to $104.00 in a research note on Thursday, April 27th. Mizuho boosted their price objective on Crown from $103.00 to $108.00 in a research note on Wednesday, April 26th. Finally, Royal Bank of Canada boosted their price objective on Crown from $96.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, February 10th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.60.

Crown Stock Down 1.7 %

Crown stock opened at $82.02 on Friday. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.30 and a quick ratio of 0.73. The business has a 50 day simple moving average of $80.91 and a 200-day simple moving average of $81.98. The stock has a market capitalization of $9.85 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 2.73 and a beta of 1.05. Crown has a 12 month low of $66.00 and a 12 month high of $110.80.

Crown (NYSE:CCK – Get Rating) last issued its quarterly earnings results on Monday, April 24th. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.15. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.10 billion. Crown had a return on equity of 31.41% and a net margin of 4.81%. The business’s revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.01 earnings per share. On average, analysts anticipate that Crown will post 6.28 EPS for the current fiscal year.

Insider Activity at Crown

In other Crown news, Director James H. Miller sold 9,300 shares of the company’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $84.86, for a total transaction of $789,198.00. Following the sale, the director now owns 19,801 shares in the company, valued at approximately $1,680,312.86. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.90% of the company’s stock.

Institutional Trading of Crown

Large investors have recently made changes to their positions in the company. Fairfield Bush & CO. purchased a new stake in Crown during the 1st quarter valued at approximately $143,000. US Bancorp DE raised its stake in shares of Crown by 9.6% during the 1st quarter. US Bancorp DE now owns 3,506 shares of the industrial products company’s stock worth $439,000 after buying an additional 308 shares in the last quarter. Cetera Advisor Networks LLC raised its stake in shares of Crown by 30.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 2,866 shares of the industrial products company’s stock worth $359,000 after buying an additional 666 shares in the last quarter. MetLife Investment Management LLC purchased a new position in shares of Crown during the 1st quarter worth approximately $392,000. Finally, Great West Life Assurance Co. Can raised its stake in shares of Crown by 43.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 62,763 shares of the industrial products company’s stock worth $8,318,000 after buying an additional 19,046 shares in the last quarter.

About Crown

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Crown Holdings, Inc engages in the design, manufacture, and sale of packaging products and equipment for consumer goods. The firm offers aerosol cans, beverage, promotional, and transit packaging, closures and capping, and food cans. It operates through the following segments: Americas, Europe, Asia Pacific, and Transit Packaging.