Crown (NYSE:CCK) Price Target Cut to $127.00 by Analysts at Citigroup

Crown (NYSE:CCK) had its price objective decreased by Citigroup from $128.00 to $127.00 in a research report released on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the industrial products company’s stock.

A number of other brokerages have also recently weighed in on CCK. Wall Street Zen upgraded shares of Crown from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Crown in a report on Wednesday, April 1st. They issued a “buy” rating and a $124.00 price objective for the company. Weiss Ratings restated a “buy (b)” rating on shares of Crown in a report on Friday, March 27th. JPMorgan Chase & Co. cut shares of Crown from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $112.00 to $155.00 in a report on Friday, February 6th. Finally, Wolfe Research set a $115.00 price objective on shares of Crown in a report on Friday, February 6th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.93.

Crown Trading Up 0.7%

Shares of CCK stock opened at $107.71 on Monday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.66 and a current ratio of 1.03. The stock has a market capitalization of $12.09 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 1.76 and a beta of 0.75. The company has a 50 day moving average price of $107.74 and a 200 day moving average price of $102.16. Crown has a fifty-two week low of $83.23 and a fifty-two week high of $116.62.

Crown (NYSE:CCK) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.05. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Crown had a net margin of 5.97% and a return on equity of 26.68%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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 predict that Crown will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a $0.35 dividend. This is an increase from Crown’s previous quarterly dividend of $0.26. This represents a $1.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, March 17th. Crown’s payout ratio is presently 21.98%.

Insider Buying and Selling

In related news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $105.00, for a total value of $787,500.00. Following the completion of the transaction, the chief executive officer owned 458,570 shares in the company, valued at $48,149,850. The trade was a 1.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Djalma Novaes, Jr. sold 29,734 shares of Crown stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the completion of the transaction, the chief operating officer owned 88,052 shares of the company’s stock, valued at $10,108,369.60. This represents a 25.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 52,234 shares of company stock valued at $5,818,488 in the last quarter. 0.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its stake in Crown by 103.1% in the third quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 134 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Crown by 105.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock worth $28,000 after buying an additional 148 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Crown during the 3rd quarter worth approximately $29,000. ORG Partners LLC lifted its position in shares of Crown by 52.5% during the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock worth $31,000 after buying an additional 105 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after buying an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Company Profile

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.