Mizuho Has Lowered Expectations for Crown (NYSE:CCK) Stock Price

Crown (NYSE:CCK) had its price objective reduced by investment analysts at Mizuho from $127.00 to $116.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Mizuho’s target price would indicate a potential upside of 20.29% from the company’s previous close.

Several other equities research analysts have also weighed in on CCK. Baird R W lowered Crown from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 17th. Truist Financial upgraded Crown from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Friday, September 5th. Bank of America lifted their price objective on Crown from $110.00 to $117.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Wall Street Zen lowered shares of Crown from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. Finally, Robert W. Baird lifted their price target on shares of Crown from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $119.33.

Crown Trading Down 0.5%

Shares of Crown stock opened at $96.43 on Friday. Crown has a 52-week low of $75.98 and a 52-week high of $109.48. The firm has a market capitalization of $11.22 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 1.48 and a beta of 0.73. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. The company’s fifty day moving average price is $97.94 and its two-hundred day moving average price is $97.08.

Crown (NYSE:CCK) last issued its earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.29. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.10 billion. Crown had a net margin of 4.64% and a return on equity of 27.15%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.81 EPS. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. On average, analysts expect that Crown will post 6.96 EPS for the current year.

Insider Activity at Crown

In other Crown news, CEO Timothy J. Donahue sold 37,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the completion of the sale, the chief executive officer directly owned 462,056 shares of the company’s stock, valued at approximately $46,464,351.36. The trade was a 7.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $102.93, for a total transaction of $846,290.46. Following the sale, the chief accounting officer owned 122,585 shares of the company’s stock, valued at approximately $12,617,674.05. This represents a 6.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,222 shares of company stock valued at $5,873,770 in the last 90 days. 0.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Crown

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCK. Larson Financial Group LLC boosted its holdings in Crown by 47.6% during the first 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 during the last quarter. Geneos Wealth Management Inc. grew its holdings in Crown by 45.3% during the first 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 during the period. Signaturefd LLC raised its holdings in Crown by 161.2% in the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 245 shares during the period. National Pension Service boosted its position in shares of Crown by 74.4% during the first quarter. National Pension Service now owns 443 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 189 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Crown in the 2nd quarter valued at $46,000. Institutional investors own 90.93% of the company’s stock.

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.