Crown (NYSE:CCK) Hits New 1-Year High on Analyst Upgrade

Crown Holdings, Inc. (NYSE:CCK)’s stock price reached a new 52-week high during mid-day trading on Wednesday after Wells Fargo & Company raised their price target on the stock from $117.00 to $127.00. Wells Fargo & Company currently has an equal weight rating on the stock. Crown traded as high as $121.76 and last traded at $118.0010, with a volume of 2971236 shares changing hands. The stock had previously closed at $114.58.

Other analysts also recently issued research reports about the company. Mizuho lifted their price target on Crown from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday. Royal Bank Of Canada upped their price objective on Crown from $129.00 to $131.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Bank of America lifted their target price on Crown from $129.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Raymond James Financial boosted their target price on Crown from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Finally, JPMorgan Chase & Co. downgraded Crown from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $107.00 to $121.00 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. According to data from MarketBeat, Crown currently has an average rating of “Moderate Buy” and a consensus price target of $127.93.

Insider Activity

In other news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by insiders.

More Crown News

Here are the key news stories impacting Crown this week:

• Positive Sentiment: Crown Holdings reported strong second-quarter results, with earnings and revenue beating expectations and management raising its profit outlook for the year. That improved guidance suggests demand and margins remain healthy. Crown Holdings raises profit outlook after Q2 beat
• Positive Sentiment: The company also declared a quarterly cash dividend of $0.35 per share, reinforcing its shareholder-return profile and signaling continued confidence in cash generation. CROWN HOLDINGS, INC. DECLARES QUARTERLY DIVIDEND
• Neutral Sentiment: Several analysts turned more constructive after the earnings report, with some raising price targets, while others maintained neutral or equal-weight ratings. That mixed reaction suggests Wall Street sees limited near-term upside after the recent rally, even though the outlook has improved. Crown (NYSE:CCK) Stock Price Expected to Rise, Mizuho Analyst Says
• Negative Sentiment: J.P. Morgan downgraded Crown after the stock’s strong run, and some commentary now says the upside may already be priced in. That can pressure the stock even after good results because investors may be locking in gains. Crown Holdings downgraded by J.P. Morgan after strong rally
• Negative Sentiment: Recent articles also describe Crown Holdings as having a healthy earnings outlook but limited upside ahead, reinforcing the idea that valuation concerns are tempering enthusiasm. Crown Holdings: Healthy Earnings Outlook, Yet Limited Upside Ahead

Hedge Funds Weigh In On Crown

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Crown during the 3rd quarter worth about $29,000. ORG Partners LLC grew its stake in Crown by 52.5% in the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after buying an additional 105 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after buying an additional 111 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new position in Crown in the 4th quarter valued at about $42,000. Finally, Smartleaf Asset Management LLC raised its holdings in Crown by 52.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 151 shares during the period. 90.93% of the stock is owned by institutional investors.

Crown Price Performance

The company’s 50-day simple moving average is $104.17 and its 200-day simple moving average is $105.07. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.05 and a quick ratio of 0.70. The stock has a market capitalization of $12.78 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of 1.87 and a beta of 0.60.

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

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.2%. Crown’s dividend payout ratio (DPR) is presently 20.14%.

About Crown

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.