Crown (NYSE:CCK) Given New $120.00 Price Target at Mizuho

Crown (NYSE:CCK) had its price target upped by Mizuho from $116.00 to $120.00 in a research report report published on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the industrial products company’s stock.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley lifted their price objective on shares of Crown from $114.00 to $118.00 and gave the company an “overweight” rating in a research note on Wednesday, June 25th. JPMorgan Chase & Co. lifted their price objective on shares of Crown from $108.00 to $112.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. UBS Group cut their price objective on shares of Crown from $130.00 to $117.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Robert W. Baird lifted their price objective on shares of Crown from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Citigroup cut their price objective on shares of Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, September 29th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Crown has a consensus rating of “Moderate Buy” and a consensus price target of $116.92.

Crown Stock Performance

CCK stock opened at $99.51 on Tuesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 1.35 and a beta of 0.73. Crown has a 1 year low of $75.98 and a 1 year high of $109.48. The stock’s fifty day moving average is $96.19 and its two-hundred day moving average is $97.43.

Crown (NYSE:CCK) last posted its earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.26. The company had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Crown had a return on equity of 27.35% and a net margin of 7.79%.The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $1.99 earnings per share. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. On average, research analysts predict that Crown will post 6.96 EPS for the current year.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a $0.26 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. Crown’s dividend payout ratio (DPR) is currently 21.85%.

Insider Transactions at Crown

In related news, CEO Timothy J. Donahue sold 37,000 shares of Crown stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total value of $3,720,720.00. Following the transaction, the chief executive officer owned 462,056 shares of the company’s stock, valued at approximately $46,464,351.36. This trade represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $102.93, for a total value of $846,290.46. Following the completion of the transaction, the chief accounting officer directly owned 122,585 shares in the company, valued at $12,617,674.05. This represents a 6.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,222 shares of company stock worth $5,873,770 in the last three months. 0.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Crown

Several institutional investors and hedge funds have recently bought and sold shares of CCK. Norges Bank purchased a new position in Crown during the 2nd quarter valued at about $184,046,000. Invesco Ltd. grew its stake in Crown by 412.2% during the 1st quarter. Invesco Ltd. now owns 1,719,296 shares of the industrial products company’s stock valued at $153,464,000 after acquiring an additional 1,383,624 shares in the last quarter. Swedbank AB grew its stake in Crown by 60.8% during the 3rd quarter. Swedbank AB now owns 2,493,570 shares of the industrial products company’s stock valued at $240,854,000 after acquiring an additional 943,045 shares in the last quarter. AQR Capital Management LLC grew its stake in Crown by 43.3% during the 2nd quarter. AQR Capital Management LLC now owns 2,533,612 shares of the industrial products company’s stock valued at $260,835,000 after acquiring an additional 765,136 shares in the last quarter. Finally, Albar Capital Partners LLP purchased a new position in Crown during the 2nd quarter valued at about $54,736,000. 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.