Loop Capital Raises Crown (NYSE:CCK) Price Target to $129.00

Crown (NYSE:CCK) had its price target boosted by Loop Capital from $120.00 to $129.00 in a report published on Monday morning, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

CCK has been the subject of a number of other research reports. Bank of America lifted their target price on Crown from $98.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Morgan Stanley upped their target price on shares of Crown from $105.00 to $109.00 and gave the stock an “equal weight” rating in a report on Monday. Barclays raised their price target on shares of Crown from $100.00 to $112.00 and gave the company an “overweight” rating in a report on Monday. Mizuho set a $110.00 price target on shares of Crown in a report on Friday, October 18th. Finally, Robert W. Baird lifted their price objective on Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $106.62.

Crown Stock Down 0.2 %

Crown stock opened at $96.00 on Monday. The firm has a 50 day simple moving average of $92.25 and a 200 day simple moving average of $84.80. The company has a current ratio of 1.05, a quick ratio of 0.73 and a debt-to-equity ratio of 2.00. Crown has a 1-year low of $69.61 and a 1-year high of $98.46. The firm has a market capitalization of $11.59 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 2.19 and a beta of 0.86.

Crown (NYSE:CCK) last announced its quarterly earnings results on Monday, July 22nd. The industrial products company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.22. The company had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Crown had a return on equity of 23.96% and a net margin of 3.68%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 earnings per share. On average, analysts predict that Crown will post 6.15 earnings per share for the current year.

Insiders Place Their Bets

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $85.85, for a total transaction of $643,875.00. Following the transaction, the chief executive officer now directly owns 586,178 shares of the company’s stock, valued at approximately $50,323,381.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director James H. Miller sold 1,006 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $95.60, for a total transaction of $96,173.60. Following the completion of the sale, the director now directly owns 12,424 shares in the company, valued at $1,187,734.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $85.85, for a total value of $643,875.00. Following the transaction, the chief executive officer now owns 586,178 shares in the company, valued at approximately $50,323,381.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,506 shares of company stock valued at $2,116,899 over the last quarter. 0.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Crown by 110.9% in the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 163 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Crown in the first quarter worth about $32,000. EntryPoint Capital LLC purchased a new position in Crown during the 1st quarter valued at about $41,000. Trivant Custom Portfolio Group LLC purchased a new position in Crown during the 1st quarter valued at about $43,000. Finally, Blue Trust Inc. raised its position in Crown by 172.6% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 385 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.