Crown (NYSE:CCK) Given New $109.00 Price Target at Wells Fargo & Company

Crown (NYSE:CCK) had its price objective dropped by stock analysts at Wells Fargo & Company from $111.00 to $109.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 1.37% from the company’s previous close.

A number of other brokerages have also recently commented on CCK. Truist Financial reiterated a “buy” rating and issued a $135.00 target price (up from $130.00) on shares of Crown in a research report on Friday, February 6th. Jefferies Financial Group reiterated a “buy” rating on shares of Crown in a research report on Monday, February 23rd. Wall Street Zen upgraded shares of Crown from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Mizuho boosted their price objective on shares of Crown from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Finally, Citigroup cut their target price on shares of Crown from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Monday. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.80.

Crown Price Performance

NYSE:CCK traded down $0.30 during trading hours on Tuesday, hitting $107.53. The stock had a trading volume of 107,173 shares, compared to its average volume of 1,137,629. The company has a 50 day simple moving average of $107.74 and a two-hundred day simple moving average of $102.16. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.03 and a quick ratio of 0.66. Crown has a one year low of $83.23 and a one year high of $116.62. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 1.76 and a beta of 0.75.

Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.05. Crown had a net margin of 5.97% and a return on equity of 26.68%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm posted $1.59 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. Research analysts forecast that Crown will post 6.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Djalma Novaes, Jr. sold 29,734 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $114.80, for a total value of $3,413,463.20. Following the completion of the sale, the chief operating officer directly owned 88,052 shares of the company’s stock, valued at $10,108,369.60. This represents a 25.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $105.00, for a total transaction of $787,500.00. Following the completion of the sale, the chief executive officer directly owned 458,570 shares of the company’s stock, valued at approximately $48,149,850. This trade represents a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 52,234 shares of company stock valued at $5,818,488. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Crown

Several institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. lifted its holdings in shares of Crown by 103.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 134 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Crown by 105.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 148 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Crown in the 3rd quarter worth about $29,000. ORG Partners LLC lifted its holdings in shares of Crown by 52.5% in the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 105 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 111 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

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.