Crown (NYSE:CCK) Lowered to “Hold” Rating by Wall Street Zen

Crown (NYSE:CCK) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Several other brokerages have also recently issued reports on CCK. Wolfe Research set a $115.00 target price on shares of Crown in a report on Friday, February 6th. Mizuho lifted their price objective on Crown from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. JPMorgan Chase & Co. downgraded Crown from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $112.00 to $155.00 in a research note on Friday, February 6th. Royal Bank Of Canada lifted their price target on Crown from $120.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Finally, UBS Group set a $126.00 price objective on Crown and gave the stock a “neutral” rating in a research report on Monday, February 9th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.86.

Crown Trading Up 1.0%

Shares of Crown stock opened at $114.80 on Monday. The firm’s 50 day simple moving average is $106.03 and its two-hundred day simple moving average is $100.09. The firm has a market capitalization of $13.24 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.34 and a beta of 0.73. Crown has a 12-month low of $75.98 and a 12-month high of $115.85. The company has a current ratio of 1.03, a quick ratio of 0.66 and a debt-to-equity ratio of 1.55.

Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.69 by $0.05. Crown had a net margin of 5.97% and a return on equity of 26.68%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. Analysts predict that Crown will post 6.96 EPS for the current year.

Insider Activity at Crown

In other news, COO Djalma Novaes, Jr. sold 19,754 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $101.02, for a total value of $1,995,549.08. Following the completion of the sale, the chief operating officer directly owned 96,841 shares in the company, valued at $9,782,877.82. The trade was a 16.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $110.67, for a total transaction of $830,025.00. Following the completion of the sale, the chief executive officer directly owned 474,736 shares in the company, valued at $52,539,033.12. This represents a 1.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 72,254 shares of company stock worth $7,550,659. 0.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CCK. Norges Bank purchased a new stake in shares of Crown during the second quarter worth $184,046,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Crown during the 4th quarter valued at about $127,230,000. JPMorgan Chase & Co. grew its stake in Crown by 226.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,474,038 shares of the industrial products company’s stock valued at $142,377,000 after acquiring an additional 1,022,789 shares in the last quarter. Invesco Ltd. raised its holdings in Crown by 58.6% in the 2nd quarter. Invesco Ltd. now owns 2,727,276 shares of the industrial products company’s stock valued at $280,855,000 after acquiring an additional 1,007,980 shares during the last quarter. Finally, Swedbank AB lifted its stake in 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 purchasing an additional 943,045 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

About Crown

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.