Robert W. Baird Issues Positive Forecast for Crown (NYSE:CCK) Stock Price

Crown (NYSE:CCKFree Report) had its price target increased by Robert W. Baird from $120.00 to $130.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the industrial products company’s stock.

A number of other research firms also recently weighed in on CCK. Bank of America upped their price target on Crown from $129.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. cut Crown from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $107.00 to $121.00 in a research note on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of Crown in a report on Wednesday, July 8th. UBS Group lowered their target price on Crown from $120.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Finally, Wall Street Zen upgraded Crown from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.93.

View Our Latest Stock Report on Crown

Crown Stock Performance

NYSE:CCK opened at $116.37 on Wednesday. The company has a market capitalization of $13.00 billion, a PE ratio of 16.74, a P/E/G ratio of 1.88 and a beta of 0.60. The company has a 50 day simple moving average of $103.86 and a two-hundred day simple moving average of $105.00. 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 has a fifty-two week low of $89.21 and a fifty-two week high of $121.76.

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

Crown Dividend Announcement

The firm also recently disclosed 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 of this dividend was Thursday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.2%. Crown’s payout ratio is currently 20.14%.

Insider Activity at Crown

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of Crown stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by insiders.

Institutional Trading of Crown

Several hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Crown in the third quarter valued at approximately $29,000. ORG Partners LLC lifted its holdings in 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 in the last quarter. Geneos Wealth Management Inc. lifted its holdings in 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 in the last quarter. BOK Financial Private Wealth Inc. bought a new position in Crown in the 4th quarter valued at $42,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Crown by 52.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock valued at $46,000 after buying an additional 151 shares during the period. 90.93% of the stock is owned by institutional investors.

Key Headlines Impacting Crown

Here are the key news stories impacting Crown this week:

About Crown

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Crown (NYSE:CCK)

Receive News & Ratings for Crown Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown and related companies with MarketBeat.com's FREE daily email newsletter.