Analysts Set Crown Holdings, Inc. (NYSE:CCK) Price Target at $124.80

Crown Holdings, Inc. (NYSE:CCK) has been assigned an average recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the company, Marketbeat reports. Five 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 $124.40.

Several research analysts have recently weighed in on the company. UBS Group decreased their price target on Crown from $126.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Wall Street Zen downgraded Crown from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. lowered Crown from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $112.00 to $155.00 in a research report on Friday, February 6th. Mizuho raised their price target on shares of Crown from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Finally, Citigroup decreased their price objective on shares of Crown from $128.00 to $127.00 and set a “buy” rating for the company in a report on Monday, April 13th.

Insider Buying and Selling at Crown

In other Crown news, COO Djalma Novaes, Jr. sold 29,734 shares of the stock in a transaction dated 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 transaction, the chief operating officer owned 88,052 shares of the company’s stock, valued at approximately $10,108,369.60. This represents a 25.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total value of $801,375.00. Following the completion of the transaction, the chief executive officer directly owned 451,070 shares in the company, valued at $48,196,829.50. The trade was a 1.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 59,734 shares of company stock worth $6,619,863 over the last three months. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Crown

Several hedge funds and other institutional investors have recently made changes to their positions in CCK. Royal Bank of Canada increased its holdings in Crown by 24.1% during the first quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company’s stock valued at $4,367,000 after buying an additional 9,497 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Crown by 39.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company’s stock valued at $367,000 after purchasing an additional 1,161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Crown during the first quarter valued at $111,000. NewEdge Advisors LLC grew its holdings in Crown by 6.3% during the first quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company’s stock valued at $528,000 after purchasing an additional 351 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Crown by 23.7% in the first quarter. Goldman Sachs Group Inc. now owns 666,262 shares of the industrial products company’s stock worth $59,471,000 after buying an additional 127,737 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Stock Up 2.9%

Shares of Crown stock opened at $107.32 on Wednesday. The company has a 50-day simple moving average of $107.14 and a two-hundred day simple moving average of $102.34. The stock has a market capitalization of $12.05 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 1.71 and a beta of 0.75. Crown has a 52-week low of $83.23 and a 52-week high of $116.62. 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 (NYSE:CCK) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.05. Crown had a net margin of 5.97% and a return on equity of 26.68%. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the company posted $1.59 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. On average, analysts anticipate that Crown will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, March 17th. This represents a $1.40 dividend on an annualized basis and a yield of 1.3%. This is a boost from Crown’s previous quarterly dividend of $0.26. Crown’s dividend payout ratio (DPR) is presently 21.98%.

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.