Crown (NYSE:CCK) Price Target Raised to $90.00

Crown (NYSE:CCK) had its price target increased by Wells Fargo & Company from $86.00 to $90.00 in a research report report published on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the industrial products company’s stock.

Other analysts have also recently issued research reports about the stock. Barclays increased their price target on shares of Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Mizuho reduced their price target on shares of Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Truist Financial increased their price target on shares of Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Royal Bank of Canada raised their target price on shares of Crown from $105.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, UBS Group reduced their target price on shares of Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.92.

Crown Trading Down 0.4 %

Shares of CCK stock opened at $87.01 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.84. The firm has a market cap of $10.41 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.68 and a beta of 0.87. The company has a 50-day moving average of $85.45 and a two-hundred day moving average of $89.34. Crown has a 1-year low of $70.84 and a 1-year high of $98.46.

Crown (NYSE:CCK) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. On average, analysts predict that Crown will post 6.83 EPS for the current year.

Hedge Funds Weigh In On Crown

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its position in shares of Crown by 110.9% during the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 163 shares during the last quarter. Covestor Ltd grew its position in shares of Crown by 156.5% during the third quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 277 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Crown during the third quarter worth approximately $44,000. Catalyst Capital Advisors LLC purchased a new position in shares of Crown during the third quarter worth approximately $48,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Crown during the third quarter worth approximately $55,000. 90.93% of the stock is currently owned by hedge funds and other 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.