Crown (NYSE:CCK) Stock Rating Upgraded by Wall Street Zen

Crown (NYSE:CCK) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Sunday.

A number of other analysts have also weighed in on CCK. Morgan Stanley upped their price objective on Crown from $114.00 to $118.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 25th. Wells Fargo & Company boosted their target price on shares of Crown from $101.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. UBS Group boosted their target price on shares of Crown from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada boosted their target price on shares of Crown from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Crown from $108.00 to $112.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $120.67.

Crown Stock Down 0.5%

Shares of NYSE CCK opened at $100.55 on Friday. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 1.54 and a beta of 0.74. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. Crown has a 52-week low of $75.98 and a 52-week high of $109.48. The business’s 50 day moving average is $103.26 and its two-hundred day moving average is $95.01.

Crown (NYSE:CCK) last announced its earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.29. Crown had a return on equity of 27.15% and a net margin of 4.64%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the company earned $1.81 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Research analysts predict that Crown will post 6.96 EPS for the current year.

Insider Buying and Selling

In other Crown news, CAO Gerard H. Gifford sold 8,222 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $102.93, for a total value of $846,290.46. Following the transaction, the chief accounting officer owned 122,585 shares in the company, valued at $12,617,674.05. The trade was a 6.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Crown

Institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in Crown by 47.6% in the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock worth $30,000 after buying an additional 107 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 111 shares in the last quarter. Signaturefd LLC raised its stake in shares of Crown by 161.2% in the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 245 shares in the last quarter. National Pension Service raised its stake in shares of Crown by 74.4% in the 1st quarter. National Pension Service now owns 443 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 189 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Crown in the 2nd quarter valued at about $46,000. Institutional investors and hedge funds 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.