Crown (NYSE:CCK) Price Target Raised to $117.00

Crown (NYSE:CCK) had its price target lifted by Wells Fargo & Company from $109.00 to $117.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the industrial products company’s stock.

Several other research firms have also commented on CCK. Bank of America lifted their price target on shares of Crown from $129.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday. Royal Bank Of Canada raised their target price on shares of Crown from $129.00 to $131.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Crown in a research note on Wednesday, July 8th. JPMorgan Chase & Co. raised Crown from a “neutral” rating to an “overweight” rating and set a $107.00 target price for the company in a report on Monday, May 18th. Finally, DA Davidson dropped their price target on Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.07.

Crown Stock Performance

CCK stock opened at $117.36 on Wednesday. The stock’s 50 day simple moving average is $102.90 and its 200 day simple moving average is $104.72. Crown has a 12-month low of $89.21 and a 12-month high of $118.50. The firm has a market cap of $13.11 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.95 and a beta of 0.60. The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 1.67.

Crown (NYSE:CCK) last released its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. Crown had a net margin of 5.65% and a return on equity of 26.62%. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The firm’s revenue was up 12.9% on a year-over-year basis. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. As a group, equities research analysts predict that Crown will post 8.06 EPS for the current year.

Crown Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were given a $0.35 dividend. The ex-dividend date was Thursday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.2%. Crown’s dividend payout ratio is 22.29%.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of Crown stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the sale, the chief executive officer owned 436,070 shares of the company’s stock, valued at approximately $45,787,350. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Institutional Trading of Crown

Several hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Crown during the fourth quarter worth approximately $158,288,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Crown in the fourth quarter worth approximately $127,230,000. AQR Capital Management LLC boosted its stake in 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 valued at $333,197,000 after purchasing an additional 933,938 shares in the last quarter. Invesco Ltd. increased its position in shares of Crown by 33.6% during the 4th quarter. Invesco Ltd. now owns 3,526,983 shares of the industrial products company’s stock valued at $363,173,000 after purchasing an additional 886,471 shares during the period. Finally, LSV Asset Management increased its position in shares of Crown by 542.2% during the 4th quarter. LSV Asset Management now owns 858,275 shares of the industrial products company’s stock valued at $88,377,000 after purchasing an additional 724,620 shares during the period. 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.