Crown (NYSE:CCK) Sets New 52-Week High on Analyst Upgrade

Crown Holdings, Inc. (NYSE:CCK) reached a new 52-week high during mid-day trading on Thursday after Raymond James Financial raised their price target on the stock from $125.00 to $135.00. Raymond James Financial currently has an outperform rating on the stock. Crown traded as high as $116.69 and last traded at $117.0760, with a volume of 549188 shares changing hands. The stock had previously closed at $111.55.

Other research analysts have also recently issued reports about the stock. Citigroup raised their target price on shares of Crown from $127.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. upgraded Crown from a “neutral” rating to an “overweight” rating and set a $107.00 price target for the company in a research note on Monday, May 18th. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Wells Fargo & Company raised their price objective on Crown from $109.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Royal Bank Of Canada lifted their price objective on Crown from $129.00 to $131.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and a consensus target price of $123.64.

Insider Transactions at Crown

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s 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 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 Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by insiders.

Key Stories Impacting Crown

Here are the key news stories impacting Crown this week:

• Positive Sentiment: BMO Capital initiated coverage on Crown Holdings with a Buy rating, citing strong can demand, a long-term shift toward metal packaging, and what it sees as a discounted valuation. Article: Ketan Mamtora Initiates Buy on Crown Holdings, Citing Strong Can Demand, Structural Shift to Metal Packaging, and Discounted Valuation
• Positive Sentiment: Wells Fargo raised its price target on Crown Holdings to $117, reinforcing expectations that the stock can hold near current levels. Article: Crown (NYSE:CCK) Price Target Raised to $117.00 at Wells Fargo & Company
• Positive Sentiment: Bank of America also lifted its price target to $145, suggesting meaningful upside if Crown continues to execute. Article: Crown (NYSE:CCK) Given New $145.00 Price Target at Bank of America
• Positive Sentiment: Recent Zacks commentary highlighted Crown as a top long-term value idea, adding to the bullish tone around the name. Article: Why Crown Holdings (CCK) is a Top Value Stock for the Long-Term

Institutional Trading of Crown

Large investors have recently made changes to their positions in the company. OLD National Bancorp IN raised its position 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 valued at $9,221,000 after purchasing an additional 74,814 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Crown by 2.2% in the 4th quarter. Nordea Investment Management AB now owns 1,666,360 shares of the industrial products company’s stock valued at $171,668,000 after purchasing an additional 36,540 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its holdings in shares of Crown by 79.2% in 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 purchasing an additional 5,600 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Crown in the 4th quarter valued at $3,855,000. Finally, Louisiana State Employees Retirement System bought a new position in shares of Crown in the 1st quarter valued at $3,258,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Price Performance

The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.70 and a current ratio of 1.12. The company has a market cap of $13.08 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 1.86 and a beta of 0.60. The business has a fifty day moving average price of $102.58 and a 200 day moving average price of $104.63.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.11. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.03 billion. Crown had a return on equity of 26.62% and a net margin of 5.65%.Crown’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.67 EPS. 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, research analysts anticipate that Crown Holdings, Inc. will post 8.06 earnings per share for the current year.

Crown Announces Dividend

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

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.