Crown Holdings, Inc. (NYSE:CCK) has earned an average rating of “Hold” from the thirteen research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $63.22.
A number of equities analysts recently issued reports on the stock. Wells Fargo & Co set a $9.00 price target on shares of Bausch Health Companies and gave the stock a “sell” rating in a research note on Friday, May 17th. Zacks Investment Research cut shares of Great Portland Estates from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Morgan Stanley set a $60.00 target price on Berry Global Group and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Citigroup boosted their target price on Silgan from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Deutsche Bank boosted their target price on Keysight Technologies from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd.
In related news, COO Gerard H. Gifford sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $60.79, for a total transaction of $607,900.00. Following the completion of the transaction, the chief operating officer now directly owns 152,292 shares in the company, valued at approximately $9,257,830.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John W. Conway sold 129,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $58.06, for a total value of $7,489,740.00. Following the transaction, the director now owns 1,156,677 shares of the company’s stock, valued at $67,156,666.62. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Massey Quick Simon & CO. LLC bought a new position in Crown in the 1st quarter worth approximately $26,000. First Personal Financial Services boosted its stake in Crown by 178.7% in the 1st quarter. First Personal Financial Services now owns 577 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 370 shares during the period. Advisory Services Network LLC bought a new position in Crown in the 1st quarter worth approximately $32,000. First Hawaiian Bank boosted its stake in Crown by 61.5% in the 1st quarter. First Hawaiian Bank now owns 1,641 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 625 shares during the period. Finally, Advisory Alpha LLC bought a new position in Crown in the 1st quarter worth approximately $118,000. Institutional investors and hedge funds own 98.94% of the company’s stock.
Crown stock traded down $0.83 during mid-day trading on Friday, reaching $60.77. The stock had a trading volume of 1,115,333 shares, compared to its average volume of 990,748. The firm has a market cap of $8.34 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.66 and a beta of 1.59. The company’s 50-day moving average price is $59.59. Crown has a one year low of $39.05 and a one year high of $63.39. The company has a debt-to-equity ratio of 5.87, a current ratio of 1.20 and a quick ratio of 0.65.
Crown (NYSE:CCK) last announced its quarterly earnings results on Wednesday, April 17th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.05. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Crown had a net margin of 3.86% and a return on equity of 54.33%. Crown’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 EPS. On average, analysts forecast that Crown will post 5.29 EPS for the current year.
Crown Company Profile
Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.
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