Wall Street Zen Upgrades Crown (NYSE:CCK) to “Buy”

Crown (NYSE:CCK) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Several other brokerages also recently commented on CCK. Raymond James Financial reissued an “outperform” rating and issued a $115.00 price objective (up previously from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Bank of America increased their price target on Crown from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. increased their price target on Crown from $108.00 to $112.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Crown in a research report on Wednesday, October 8th. Finally, UBS Group reiterated a “buy” rating and issued a $117.00 target price on shares of Crown in a research report on Tuesday, October 21st. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.08.

Crown Price Performance

Shares of CCK stock opened at $98.98 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. Crown has a twelve month low of $75.98 and a twelve month high of $109.48. The company has a market cap of $11.52 billion, a P/E ratio of 12.25, a P/E/G ratio of 1.34 and a beta of 0.73. The business has a fifty day simple moving average of $96.04 and a 200 day simple moving average of $98.05.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.26. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. Crown had a return on equity of 27.35% and a net margin of 7.79%.Crown’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.99 EPS. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. On average, sell-side analysts forecast that Crown will post 6.96 EPS for the current fiscal year.

Insider Activity

In other news, CEO Timothy J. Donahue sold 37,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the completion of the transaction, the chief executive officer directly owned 462,056 shares in the company, valued at $46,464,351.36. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its stake in Crown by 1.6% during the second quarter. State Street Corp now owns 4,421,691 shares of the industrial products company’s stock worth $455,346,000 after buying an additional 71,355 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Crown by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,300,662 shares of the industrial products company’s stock worth $339,902,000 after acquiring an additional 165,600 shares in the last quarter. Invesco Ltd. raised its position in shares of Crown by 58.6% in the 2nd quarter. Invesco Ltd. now owns 2,727,276 shares of the industrial products company’s stock worth $280,855,000 after acquiring an additional 1,007,980 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Crown by 43.3% in the 2nd quarter. AQR Capital Management LLC now owns 2,533,612 shares of the industrial products company’s stock worth $260,835,000 after acquiring an additional 765,136 shares in the last quarter. Finally, Swedbank AB raised its position in shares of Crown by 60.8% in the 3rd quarter. Swedbank AB now owns 2,493,570 shares of the industrial products company’s stock worth $240,854,000 after acquiring an additional 943,045 shares in 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.