Crown (NYSE:CCK) Rating Increased to Overweight at JPMorgan Chase & Co.

Crown (NYSE:CCK) was upgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Friday, Briefing.com reports. The brokerage presently has a $121.00 price target on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 9.47% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on CCK. Citigroup reiterated a “buy” rating on shares of Crown in a research note on Thursday, July 23rd. Mizuho increased their target price on Crown from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Bank of America raised their price target on Crown from $129.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Finally, Jefferies Financial Group set a $121.00 target price on Crown in a research note on Wednesday, July 22nd. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.20.

Crown Stock Performance

NYSE CCK opened at $110.53 on Friday. The stock has a 50-day simple moving average of $116.67 and a two-hundred day simple moving average of $107.60. Crown has a fifty-two week low of $89.21 and a fifty-two week high of $122.91. The firm has a market capitalization of $12.02 billion, a P/E ratio of 15.90, a PEG ratio of 1.57 and a beta of 0.58. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.65 and a current ratio of 1.05.

Crown (NYSE:CCK) last announced its earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.33. Crown had a return on equity of 27.33% and a net margin of 5.91%.The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the previous year, the company earned $2.15 earnings per share. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. 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, equities analysts forecast that Crown will post 8.39 earnings per share for the current year.

Insider Activity at Crown

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCK. Community Bank N.A. purchased a new position in Crown during the second quarter worth about $32,000. BOK Financial Private Wealth Inc. purchased a new position in shares of Crown in the 4th quarter valued at $42,000. Root Financial Partners LLC grew its position in shares of Crown by 23.8% during the fourth quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 91 shares during the last quarter. Elevation Wealth Partners LLC grew its stake in shares of Crown by 628.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 481 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 415 shares during the last quarter. Finally, Ballast Advisors LLC purchased a new stake in shares of Crown in the first quarter valued at approximately $57,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

About Crown

Crown Holdings, Inc (NYSE: CCK) is a global packaging company that designs and manufactures metal packaging products for consumer goods and industrial customers. Its portfolio includes beverage cans, food cans, aerosol cans, metal closures, and other specialty packaging used for products such as beverages, food, household goods, personal care items, and industrial materials.

The company also provides transit packaging solutions, including equipment and materials used to protect and secure products during shipping.