Crown (NYSE:CCK) Price Target Raised to $127.00 at Wells Fargo & Company

Crown (NYSE:CCKFree Report) had its price objective increased by Wells Fargo & Company from $117.00 to $127.00 in a report released on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the industrial products company’s stock.

Other analysts have also recently issued reports about the company. Jefferies Financial Group set a $121.00 price objective on Crown in a research note on Wednesday. UBS Group upped their price target on Crown from $115.00 to $123.00 and gave the stock a “neutral” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Crown in a research report on Wednesday. Robert W. Baird lifted their price objective on Crown from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, DA Davidson lowered their price objective on Crown from $115.00 to $107.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $127.93.

Get Our Latest Stock Analysis on CCK

Crown Trading Down 1.4%

Shares of CCK stock opened at $116.37 on Wednesday. Crown has a fifty-two week low of $89.21 and a fifty-two week high of $121.76. The company has a 50 day moving average price of $103.86 and a 200 day moving average price of $105.00. The stock has a market capitalization of $13.00 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 1.88 and a beta of 0.60. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.70 and a current ratio of 1.05.

Crown (NYSE:CCKGet Free Report) last released its earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.33. Crown had a net margin of 5.91% and a return on equity of 27.33%. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period in the prior year, the business earned $2.15 EPS. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. Equities research analysts predict that Crown will post 8.45 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.2%. Crown’s payout ratio is presently 20.14%.

Insider Activity

In related news, CEO Timothy J. Donahue sold 15,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the transaction, the chief executive officer directly owned 436,070 shares of the company’s stock, valued at $45,787,350. This trade represents a 3.33% decrease in their position. 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

A number of large investors have recently made changes to their positions in CCK. OLD National Bancorp IN raised its stake in Crown by 507.7% during the fourth quarter. OLD National Bancorp IN now owns 89,549 shares of the industrial products company’s stock worth $9,221,000 after purchasing an additional 74,814 shares during the period. Compagnie Lombard Odier SCmA increased its holdings in shares of Crown by 79.2% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 12,672 shares of the industrial products company’s stock worth $1,305,000 after buying an additional 5,600 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Crown in the 4th quarter worth $3,855,000. Louisiana State Employees Retirement System purchased a new position in shares of Crown in the 1st quarter worth $3,258,000. Finally, World Investment Advisors acquired a new position in Crown in the fourth quarter valued at $1,188,000. 90.93% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Crown

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About Crown

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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.

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