Brokerages Set Crown Holdings, Inc. (NYSE:CCK) Price Target at $105.46

Crown Holdings, Inc. (NYSE:CCK) has received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $105.46.

CCK has been the topic of a number of research analyst reports. Mizuho lowered their price objective on shares of Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a research note on Saturday, January 18th. Loop Capital increased their price target on shares of Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Wells Fargo & Company lowered their price objective on shares of Crown from $88.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Finally, Morgan Stanley upgraded shares of Crown from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $109.00 to $105.00 in a research report on Monday, January 13th.

Crown Stock Performance

CCK stock opened at $87.00 on Monday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21. The stock’s fifty day moving average is $86.34 and its two-hundred day moving average is $88.37. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of 107.41, a PEG ratio of 1.65 and a beta of 0.86. Crown has a 1 year low of $69.61 and a 1 year high of $98.46.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total value of $725,475.00. Following the transaction, the chief executive officer now owns 563,678 shares of the company’s stock, valued at $54,524,572.94. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Institutional Trading of Crown

Several large investors have recently modified their holdings of CCK. American Century Companies Inc. lifted its position in Crown by 99.2% during the 2nd quarter. American Century Companies Inc. now owns 102,828 shares of the industrial products company’s stock worth $7,649,000 after acquiring an additional 51,199 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Crown by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,471,750 shares of the industrial products company’s stock worth $109,504,000 after purchasing an additional 79,502 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Crown by 12.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,930 shares of the industrial products company’s stock worth $962,000 after purchasing an additional 1,433 shares during the last quarter. Sei Investments Co. boosted its stake in Crown by 139.2% during the 2nd quarter. Sei Investments Co. now owns 122,380 shares of the industrial products company’s stock valued at $9,104,000 after purchasing an additional 71,227 shares during the period. Finally, Westwood Holdings Group Inc. grew its holdings in Crown by 2.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 235,370 shares of the industrial products company’s stock valued at $17,509,000 after buying an additional 5,142 shares during the last quarter. 90.93% of the stock is owned by institutional investors.

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.