Mizuho Issues Positive Forecast for Crown (NYSE:CCK) Stock Price

Crown (NYSE:CCK) had its price target lifted by equities research analysts at Mizuho from $105.00 to $110.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Mizuho’s price objective suggests a potential upside of 14.07% from the company’s current price.

CCK has been the topic of several other research reports. UBS Group cut their target price on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Truist Financial decreased their price target on Crown from $107.00 to $97.00 and set a “hold” rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley upgraded Crown from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $109.00 to $105.00 in a research note on Monday, January 13th. Wells Fargo & Company raised their price target on shares of Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Finally, Bank of America decreased their price target on shares of Crown from $107.00 to $101.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $106.25.

Crown Stock Up 7.4 %

NYSE CCK opened at $96.43 on Tuesday. The stock has a 50 day moving average price of $87.22 and a 200-day moving average price of $88.17. Crown has a one year low of $70.84 and a one year high of $98.46. The company has a market capitalization of $11.28 billion, a P/E ratio of 26.86, a P/E/G ratio of 1.56 and a beta of 0.79. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22.

Crown (NYSE:CCK) last posted its earnings results on Monday, April 28th. The industrial products company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.45. Crown had a net margin of 3.59% and a return on equity of 25.12%. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.82 billion. As a group, equities analysts predict that Crown will post 6.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Crown

Institutional investors have recently modified their holdings of the stock. Tidal Investments LLC boosted its position in Crown by 121.3% in the 3rd quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company’s stock worth $2,109,000 after purchasing an additional 12,058 shares in the last quarter. Nordea Investment Management AB raised its holdings in Crown by 19.3% in the 4th quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company’s stock worth $90,511,000 after purchasing an additional 176,959 shares during the period. Metropolis Capital Ltd grew its holdings in Crown by 68.7% in the fourth quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company’s stock valued at $203,116,000 after purchasing an additional 1,000,605 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Crown by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 812,474 shares of the industrial products company’s stock valued at $67,183,000 after buying an additional 8,739 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Crown during the 3rd quarter worth approximately $861,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

About Crown

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.