Crown Holdings, Inc. (NYSE:CCK) Receives $105.46 Average Target Price from Analysts

Crown Holdings, Inc. (NYSE:CCK) has been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $105.46.

A number of brokerages have recently commented on CCK. UBS Group lowered their price target on shares of Crown from $113.00 to $108.00 and set a “buy” rating for the company in a report on Friday, January 10th. Citigroup boosted their price target on Crown from $110.00 to $111.00 and gave the company a “buy” rating in a report on Monday, January 6th. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a report on Saturday, January 18th. Robert W. Baird upped their target price on Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, Loop Capital raised their price target on Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, October 21st.

Crown Trading Up 0.1 %

Crown stock opened at $87.00 on Monday. The stock has a 50-day moving average price of $86.34 and a 200 day moving average price of $88.37. Crown has a 52 week low of $69.61 and a 52 week high of $98.46. The stock has a market cap of $10.41 billion, a PE ratio of 107.41, a P/E/G ratio of 1.65 and a beta of 0.86. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 2.19.

Insider Activity

In other news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total value of $725,475.00. Following the completion of the sale, the chief executive officer now owns 563,678 shares in the company, valued at approximately $54,524,572.94. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Crown

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in shares of Crown by 99.2% in the second quarter. American Century Companies Inc. now owns 102,828 shares of the industrial products company’s stock valued at $7,649,000 after purchasing an additional 51,199 shares during the period. Dimensional Fund Advisors LP boosted its position in 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 valued at $109,504,000 after buying an additional 79,502 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Crown by 12.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,930 shares of the industrial products company’s stock valued at $962,000 after acquiring an additional 1,433 shares in the last quarter. Sei Investments Co. increased its position in shares of Crown by 139.2% during the second quarter. Sei Investments Co. now owns 122,380 shares of the industrial products company’s stock worth $9,104,000 after acquiring an additional 71,227 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its stake in shares of Crown by 2.2% in the second quarter. Westwood Holdings Group Inc. now owns 235,370 shares of the industrial products company’s stock worth $17,509,000 after acquiring an additional 5,142 shares in 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.