Crown Holdings, Inc. (NYSE:CCK) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Crown Holdings, Inc. (NYSE:CCK) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $106.00.

CCK has been the subject of several research reports. StockNews.com raised Crown from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Barclays decreased their price objective on Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Truist Financial increased their target price on Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a report on Monday, January 6th. UBS Group decreased their price target on shares of Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Finally, Bank of America dropped their price objective on shares of Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, January 6th.

Crown Price Performance

Shares of CCK opened at $83.10 on Friday. The firm has a market cap of $9.72 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88. Crown has a 52-week low of $70.84 and a 52-week high of $98.46. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. The business’s 50 day moving average price is $88.44 and its two-hundred day moving average price is $89.37.

Crown (NYSE:CCK) last issued its 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, equities analysts anticipate that Crown will post 6.96 EPS for the current year.

Crown Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a $0.26 dividend. This is a positive change from Crown’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, March 18th. This represents a $1.04 annualized dividend and a yield of 1.25%. Crown’s dividend payout ratio (DPR) is 29.21%.

Hedge Funds Weigh In On Crown

Hedge funds and other institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Crown by 20.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 117 shares during the period. TD Private Client Wealth LLC raised its stake in shares of Crown by 4.6% during the 4th quarter. TD Private Client Wealth LLC now owns 2,864 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 125 shares during the period. Spire Wealth Management boosted its holdings in shares of Crown by 16.2% in the 4th quarter. Spire Wealth Management now owns 992 shares of the industrial products company’s stock worth $82,000 after buying an additional 138 shares during the last quarter. Bessemer Group Inc. grew its position in Crown by 0.4% during the fourth quarter. Bessemer Group Inc. now owns 34,061 shares of the industrial products company’s stock valued at $2,816,000 after buying an additional 138 shares during the period. Finally, Marshall & Sullivan Inc. WA increased its holdings in Crown by 0.3% during the fourth quarter. Marshall & Sullivan Inc. WA now owns 57,268 shares of the industrial products company’s stock worth $4,735,000 after buying an additional 155 shares during the last quarter. Hedge funds and other 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.