Crown Holdings, Inc. (NYSE:CCK) COO Gerard H. Gifford sold 10,000 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $60.79, for a total value of $607,900.00. Following the completion of the sale, the chief operating officer now owns 152,292 shares of the company’s stock, valued at approximately $9,257,830.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NYSE:CCK opened at $58.02 on Friday. The company has a debt-to-equity ratio of 5.87, a current ratio of 1.20 and a quick ratio of 0.65. Crown Holdings, Inc. has a 12-month low of $39.05 and a 12-month high of $61.40. The stock has a market cap of $8.06 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 1.61 and a beta of 1.59.
Crown (NYSE:CCK) last released its earnings results on Wednesday, April 17th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.05. Crown had a return on equity of 54.33% and a net margin of 3.86%. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter last year, the business posted $0.94 earnings per share. The firm’s revenue was up 25.4% on a year-over-year basis. As a group, research analysts anticipate that Crown Holdings, Inc. will post 5.29 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. Massey Quick Simon & CO. LLC purchased a new stake in shares of Crown during the first quarter worth about $26,000. First Mercantile Trust Co. purchased a new stake in shares of Crown during the fourth quarter worth about $30,000. First Personal Financial Services grew its position in shares of Crown by 178.7% during the first quarter. First Personal Financial Services now owns 577 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 370 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in shares of Crown during the first quarter worth about $31,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Crown during the first quarter worth about $32,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.
A number of analysts have commented on CCK shares. Royal Bank of Canada upped their price target on Crown from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 19th. TheStreet upgraded Crown from a “c+” rating to a “b-” rating in a research report on Friday, March 1st. Zacks Investment Research upgraded Crown from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Morgan Stanley set a $56.00 price target on Crown and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Finally, Wells Fargo & Co set a $65.00 price target on Crown and gave the stock a “buy” rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Crown presently has an average rating of “Hold” and an average target price of $60.67.
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Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.
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