Wells Fargo & Company Forecasts Strong Price Appreciation for Crown (NYSE:CCK) Stock

Crown (NYSE:CCK) had its price target increased by investment analysts at Wells Fargo & Company from $99.00 to $106.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 0.41% from the company’s current price.

A number of other research firms have also commented on CCK. Royal Bank Of Canada raised their price objective on shares of Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Truist Financial raised their target price on Crown from $126.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday. Raymond James Financial reissued an “outperform” rating and set a $115.00 price target (up from $110.00) on shares of Crown in a research report on Wednesday, October 22nd. Citigroup reduced their price objective on Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, September 29th. Finally, Mizuho lifted their target price on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Crown presently has an average rating of “Moderate Buy” and an average target price of $118.92.

Crown Trading Down 0.2%

Shares of Crown stock traded down $0.17 on Tuesday, reaching $105.57. 79,834 shares of the company were exchanged, compared to its average volume of 786,247. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 1.65. Crown has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. The firm has a market capitalization of $12.18 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 1.33 and a beta of 0.75. The stock has a fifty day moving average price of $99.02 and a 200-day moving average price of $99.33.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.26. Crown had a return on equity of 26.86% and a net margin of 7.79%.The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company earned $1.99 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS and its FY 2025 guidance at 7.700-7.80 EPS. On average, analysts expect that Crown will post 6.96 EPS for the current year.

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 8,476 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $105.01, for a total value of $890,064.76. Following the completion of the sale, the chief executive officer directly owned 440,580 shares in the company, valued at approximately $46,265,305.80. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $101.02, for a total value of $1,995,549.08. Following the transaction, the chief operating officer owned 96,841 shares in the company, valued at approximately $9,782,877.82. This trade represents a 16.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Crown

Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of Crown by 30.7% during the 4th quarter. GAMMA Investing LLC now owns 1,907 shares of the industrial products company’s stock worth $196,000 after purchasing an additional 448 shares during the period. Saranac Partners Ltd bought a new position in Crown during the third quarter valued at about $136,000. Allworth Financial LP raised its holdings in Crown by 149.7% in the 3rd quarter. Allworth Financial LP now owns 1,496 shares of the industrial products company’s stock valued at $144,000 after acquiring an additional 897 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Crown by 36.7% in the 3rd quarter. IFP Advisors Inc now owns 1,077 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 289 shares during the period. Finally, Swiss Life Asset Management Ltd grew its holdings in shares of Crown by 46.7% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 90,401 shares of the industrial products company’s stock worth $8,732,000 after purchasing an additional 28,764 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Crown Company Profile

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.