Crown (NYSE:CCK) Stock Rating Upgraded by JPMorgan Chase & Co.

Crown (NYSE:CCK) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report released on Friday, September 18th, Marketbeat reports. The firm presently has a $121.00 price target on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 11.87% from the company’s previous close.

CCK has been the topic of several other research reports. Citigroup reaffirmed a “buy” rating on shares of Crown in a research note on Thursday, July 23rd. Mizuho lifted their price target on Crown from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada lifted their target price on Crown from $131.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Weiss Ratings upgraded Crown from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Finally, UBS Group lifted their target price on Crown from $115.00 to $123.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.20.

Crown Stock Performance

NYSE:CCK traded up $2.46 during trading hours on Friday, reaching $108.16. 1,160,049 shares of the stock were exchanged, compared to its average volume of 1,104,542. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 1.63. The firm has a 50 day simple moving average of $116.33 and a 200-day simple moving average of $107.53. Crown has a 52 week low of $89.21 and a 52 week high of $122.91. The stock has a market capitalization of $11.76 billion, a P/E ratio of 15.56, a P/E/G ratio of 1.54 and a beta of 0.58.

Crown (NYSE:CCK) last released its earnings results on Monday, July 20th. The industrial products company reported $2.49 EPS 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 the consensus estimate of $3.37 billion. Crown had a return on equity of 27.33% and a net margin of 5.91%.Crown’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.15 EPS. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. As a group, sell-side analysts forecast that Crown will post 8.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Crown

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

Crown Company Profile

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.