Crown Holdings, Inc. (NYSE:CCK) Receives Average Recommendation of “Moderate Buy” from Analysts

Crown Holdings, Inc. (NYSE:CCK) has been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $119.6154.

A number of research analysts have weighed in on CCK shares. Mizuho boosted their price objective on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Wall Street Zen raised shares of Crown from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Truist Financial boosted their target price on Crown from $126.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Crown in a research note on Monday, December 29th. Finally, Wells Fargo & Company raised their price target on Crown from $99.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th.

Crown Price Performance

Shares of Crown stock opened at $104.31 on Friday. The stock has a market cap of $12.03 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 1.20 and a beta of 0.75. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.76 and a current ratio of 1.16. The stock has a 50 day moving average price of $101.36 and a 200-day moving average price of $99.15. Crown has a one year low of $75.98 and a one year high of $109.48.

Insiders Place Their Bets

In other news, CEO Timothy J. Donahue sold 29,024 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $105.00, for a total transaction of $3,047,520.00. Following the completion of the sale, the chief executive officer directly owned 411,556 shares of the company’s stock, valued at approximately $43,213,380. The trade was a 6.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $101.02, for a total transaction of $1,995,549.08. Following the completion of the transaction, the chief operating officer directly owned 96,841 shares in the company, valued at $9,782,877.82. This represents a 16.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 57,254 shares of company stock valued at $5,933,134 over the last three months. Insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Eads & Heald Wealth Management bought a new stake in Crown during the 4th quarter valued at $302,000. D.A. Davidson & CO. increased its stake in shares of Crown by 2.9% during the fourth quarter. D.A. Davidson & CO. now owns 31,611 shares of the industrial products company’s stock valued at $3,255,000 after buying an additional 888 shares during the period. 1834 Investment Advisors Co. bought a new stake in shares of Crown in the fourth quarter valued at about $384,000. Kestra Private Wealth Services LLC lifted its stake in Crown by 27.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 3,306 shares of the industrial products company’s stock worth $340,000 after acquiring an additional 719 shares during the period. Finally, Verdence Capital Advisors LLC lifted its stake in Crown by 2.0% in the fourth quarter. Verdence Capital Advisors LLC now owns 6,388 shares of the industrial products company’s stock worth $658,000 after acquiring an additional 126 shares during the period. 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.