Crown Holdings, Inc. (NYSE:CCK) Receives $118.08 Average Target Price from Analysts

Crown Holdings, Inc. (NYSE:CCK) has received an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $118.0769.

Several equities research analysts have recently issued reports on CCK shares. Raymond James Financial restated an “outperform” rating and issued a $115.00 price objective (up previously from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Mizuho increased their price target on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Weiss Ratings restated a “buy (b)” rating on shares of Crown in a research report on Thursday, November 13th. Loop Capital upped their price objective on shares of Crown from $129.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, UBS Group reiterated a “buy” rating and issued a $117.00 target price on shares of Crown in a research note on Tuesday, October 21st.

Crown Stock Up 0.3%

CCK stock opened at $95.33 on Friday. The stock has a market capitalization of $11.00 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.30 and a beta of 0.78. The company has a 50-day moving average of $95.85 and a two-hundred day moving average of $99.13. Crown has a 52-week low of $75.98 and a 52-week high of $109.48. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.26. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Crown had a return on equity of 27.35% and a net margin of 7.79%.The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.99 EPS. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. As a group, equities research analysts anticipate that Crown will post 6.96 EPS for the current year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be given a $0.26 dividend. The ex-dividend date is Thursday, November 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. Crown’s dividend payout ratio (DPR) is currently 12.87%.

Insider Activity

In related news, CEO Timothy J. Donahue sold 13,000 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $100.52, for a total value of $1,306,760.00. Following the completion of the transaction, the chief executive officer directly owned 449,056 shares in the company, valued at approximately $45,139,109.12. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Crown

Several institutional investors and hedge funds have recently bought and sold shares of CCK. Norges Bank acquired a new position in Crown in the second quarter worth about $184,046,000. Invesco Ltd. grew its stake in shares of Crown by 412.2% in the 1st quarter. Invesco Ltd. now owns 1,719,296 shares of the industrial products company’s stock valued at $153,464,000 after purchasing an additional 1,383,624 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Crown by 226.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,474,038 shares of the industrial products company’s stock worth $142,377,000 after buying an additional 1,022,789 shares in the last quarter. Swedbank AB raised its holdings in shares of Crown by 60.8% in the 3rd quarter. Swedbank AB now owns 2,493,570 shares of the industrial products company’s stock worth $240,854,000 after buying an additional 943,045 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Crown by 36.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,467,550 shares of the industrial products company’s stock worth $333,197,000 after buying an additional 933,938 shares during the period. 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.