Wells Fargo & Company Has Lowered Expectations for Crown (NYSE:CCK) Stock Price

Crown (NYSE:CCK) had its price objective dropped by Wells Fargo & Company from $120.00 to $111.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 12.81% from the company’s current price.

Several other brokerages also recently commented on CCK. Truist Financial reaffirmed a “buy” rating and set a $135.00 price objective (up from $130.00) on shares of Crown in a research note on Friday, February 6th. Mizuho raised their target price on Crown from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Weiss Ratings restated a “buy (b)” rating on shares of Crown in a report on Monday, December 29th. Wall Street Zen upgraded Crown from a “hold” rating to a “buy” rating in a report on Tuesday, March 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Crown in a research report on Monday, February 23rd. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.21.

Crown Stock Down 2.6%

Shares of Crown stock opened at $98.40 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.66 and a current ratio of 1.03. Crown has a 52-week low of $75.98 and a 52-week high of $116.62. The company’s 50 day moving average price is $108.09 and its 200-day moving average price is $101.18. The stock has a market capitalization of $11.14 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 1.15 and a beta of 0.70.

Crown (NYSE:CCK) last issued its earnings results 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. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $2.99 billion. Crown had a net margin of 5.97% and a return on equity of 26.68%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.59 earnings per share. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. Equities research analysts forecast that Crown will post 6.96 EPS for the current year.

Insider Activity at Crown

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $110.67, for a total transaction of $830,025.00. Following the transaction, the chief executive officer owned 474,736 shares in the company, valued at approximately $52,539,033.12. This represents a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Djalma Novaes, Jr. sold 29,734 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $114.80, for a total value of $3,413,463.20. Following the completion of the transaction, the chief operating officer directly owned 88,052 shares of the company’s stock, valued at $10,108,369.60. This represents a 25.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 73,758 shares of company stock worth $8,078,508. Insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Crown

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its position in shares of Crown by 103.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock worth $25,000 after buying an additional 134 shares during the period. Smartleaf Asset Management LLC lifted its position in Crown by 105.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 148 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Crown during the 3rd quarter valued at about $29,000. ORG Partners LLC boosted its stake in Crown by 52.5% during the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 105 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

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.