Crown (NYSE:CCK) was upgraded by research analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report issued on Monday, Marketbeat Ratings reports. The firm currently has a $57.00 target price on the industrial products company’s stock, up from their prior target price of $53.00. Credit Suisse Group’s price target points to a potential upside of 19.32% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. UBS Group lowered their price target on Crown from $59.00 to $50.00 and set a “$44.54” rating on the stock in a research report on Thursday, July 19th. Zacks Investment Research upgraded Crown from a “sell” rating to a “hold” rating in a research report on Monday, August 13th. ValuEngine downgraded Crown from a “sell” rating to a “strong sell” rating in a research report on Friday, October 26th. Royal Bank of Canada restated a “buy” rating and issued a $60.00 target price on shares of Crown in a research report on Friday, July 20th. Finally, Citigroup decreased their target price on Crown from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $60.56.

Shares of CCK stock opened at $47.77 on Monday. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 1.26 and a beta of 1.41. The company has a current ratio of 1.14, a quick ratio of 0.68 and a debt-to-equity ratio of 6.82. Crown has a 12-month low of $40.09 and a 12-month high of $62.27.

Crown (NYSE:CCK) last issued its quarterly earnings results on Wednesday, October 17th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.17 billion. Crown had a return on equity of 59.62% and a net margin of 2.81%. Crown’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.46 earnings per share. On average, research analysts predict that Crown will post 5.2 EPS for the current year.

In other news, Director William S. Urkiel bought 2,500 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were acquired at an average price of $40.25 per share, for a total transaction of $100,625.00. Following the completion of the transaction, the director now directly owns 46,594 shares in the company, valued at approximately $1,875,408.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Toronto Dominion Bank increased its holdings in shares of Crown by 9.1% in the third quarter. Toronto Dominion Bank now owns 14,732 shares of the industrial products company’s stock valued at $707,000 after purchasing an additional 1,232 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Crown by 13.6% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 12,177 shares of the industrial products company’s stock valued at $545,000 after purchasing an additional 1,461 shares during the last quarter. Commerce Bank increased its holdings in shares of Crown by 7.1% in the third quarter. Commerce Bank now owns 23,553 shares of the industrial products company’s stock valued at $1,130,000 after purchasing an additional 1,570 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of Crown by 33.9% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 6,950 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 1,761 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA increased its holdings in shares of Crown by 3.0% in the third quarter. Marshall & Sullivan Inc. WA now owns 61,702 shares of the industrial products company’s stock valued at $2,962,000 after purchasing an additional 1,816 shares during the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

About Crown

Crown Holdings, Inc designs, manufactures, and sells packaging products for consumer goods in the Americas, Europe, and the Asia Pacific. Its primary products include steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage products; and metal vacuum closures, steel crowns and caps.

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Analyst Recommendations for Crown (NYSE:CCK)

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