Royal Bank Of Canada Issues Positive Forecast for Crown (NYSE:CCK) Stock Price

Crown (NYSE:CCK) had its price target boosted by Royal Bank Of Canada from $131.00 to $135.00 in a research note released on Friday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the industrial products company’s stock.

CCK has been the subject of a number of other research reports. Bank of America boosted their price objective on Crown from $129.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Jefferies Financial Group set a $121.00 target price on Crown in a research note on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Crown in a report on Wednesday, July 8th. Wells Fargo & Company upped their price target on shares of Crown from $117.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, BMO Capital Markets lifted their price objective on shares of Crown from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $128.20.

Crown Price Performance

Shares of NYSE:CCK opened at $117.88 on Friday. The company has a market cap of $13.17 billion, a PE ratio of 16.96, a P/E/G ratio of 1.69 and a beta of 0.60. Crown has a fifty-two week low of $89.21 and a fifty-two week high of $121.76. The firm has a 50-day simple moving average of $104.60 and a 200 day simple moving average of $105.16. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.63.

Crown (NYSE:CCK) last issued its earnings results on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.33. The company 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%.Crown’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.15 earnings per share. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. On average, sell-side analysts anticipate that Crown will post 8.39 EPS for the current year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, August 6th. Crown’s dividend payout ratio (DPR) is presently 20.14%.

Insider Transactions at Crown

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

Institutional Trading of Crown

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

Key Crown News

Here are the key news stories impacting Crown this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Crown Holdings to $135 from $131 and reiterated an outperform rating, suggesting meaningful upside from current levels. Benzinga report
• Positive Sentiment: Crown Holdings declared a quarterly dividend of $0.35 per share, which can appeal to income-focused investors and signals continued shareholder returns. Press release
• Positive Sentiment: Several analysts remained constructive after the earnings beat, including Truist reaffirming Buy and Wells Fargo lifting its price target to $127, which adds to the bullish tone around the stock. Article
• Neutral Sentiment: UBS reportedly kept a Hold rating, indicating some analysts see the shares as fairly valued after the recent rally. UBS Hold report
• Negative Sentiment: J.P. Morgan reportedly downgraded Crown to Neutral after the strong run-up, which may reflect concerns that much of the good news is already priced in. Seeking Alpha report

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.