Royal Bank Of Canada Forecasts Strong Price Appreciation for Crown (NYSE:CCK) Stock

Crown (NYSE:CCK) had its price objective increased by analysts at Royal Bank Of Canada from $131.00 to $135.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 16.07% from the company’s current price.

A number of other equities analysts have also recently weighed in on CCK. Citigroup reiterated a “buy” rating on shares of Crown in a report on Thursday. JPMorgan Chase & Co. lowered shares of Crown from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $107.00 to $121.00 in a research note on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Crown in a research note on Wednesday, July 8th. UBS Group increased their price objective on shares of Crown from $115.00 to $123.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Bank of America lifted their target price on shares of Crown from $129.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.20.

Crown Trading Up 1.6%

Shares of NYSE CCK traded up $1.82 during trading on Friday, hitting $116.31. 82,366 shares of the company were exchanged, compared to its average volume of 1,157,755. The company has a fifty day moving average price of $104.17 and a 200-day moving average price of $105.07. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.70 and a current ratio of 1.05. The firm has a market capitalization of $13.00 billion, a PE ratio of 16.73, a P/E/G ratio of 1.87 and a beta of 0.60. Crown has a 12-month low of $89.21 and a 12-month high of $121.76.

Crown (NYSE:CCK) last issued its earnings results on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.33. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.37 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. Crown’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.15 earnings per share. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. As a group, equities research analysts expect that Crown will post 8.39 EPS for the current year.

Insider Activity

In other news, CEO Timothy J. Donahue sold 15,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the completion of the transaction, the chief executive officer directly owned 436,070 shares of the company’s stock, valued at approximately $45,787,350. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Crown

Several institutional investors have recently modified their holdings of the company. State Street Corp raised its stake in Crown by 2.1% in the third quarter. State Street Corp now owns 4,514,736 shares of the industrial products company’s stock valued at $436,078,000 after buying an additional 93,045 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Crown by 19.3% in the 4th quarter. AQR Capital Management LLC now owns 4,137,962 shares of the industrial products company’s stock valued at $426,086,000 after acquiring an additional 670,412 shares during the last quarter. Invesco Ltd. raised its position in shares of Crown by 33.6% during the 4th quarter. Invesco Ltd. now owns 3,526,983 shares of the industrial products company’s stock worth $363,173,000 after acquiring an additional 886,471 shares in the last quarter. Swedbank AB lifted its stake in Crown by 1.9% during the fourth quarter. Swedbank AB now owns 2,541,183 shares of the industrial products company’s stock worth $261,666,000 after purchasing an additional 47,613 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Crown by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,977,123 shares of the industrial products company’s stock worth $198,186,000 after purchasing an additional 32,112 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Crown

Here are the key news stories impacting Crown this week:

• Positive Sentiment: Crown raised its profit outlook after reporting a Q2 earnings beat, reinforcing confidence in its operating momentum and full-year earnings power. Crown Holdings raises profit outlook after Q2 beat
• Positive Sentiment: Several firms turned more constructive on the stock, including Truist reaffirming a Buy with a higher price target and Wells Fargo lifting its target to $127, suggesting analysts still see room for gains. Truist Financial Reaffirms “Buy” Rating for Crown Wells Fargo & Company Boosts Crown Price Target to $127.00
• Positive Sentiment: Robert W. Baird also said Crown’s stock price is expected to rise, adding to the favorable analyst tone after the earnings report. Crown Stock Price Expected to Rise, Robert W. Baird Analyst Says
• Positive Sentiment: The board declared a quarterly dividend of $0.35 per share, signaling continued cash generation and shareholder returns. CROWN HOLDINGS, INC. DECLARES QUARTERLY DIVIDEND
• Neutral Sentiment: UBS issued a Hold rating, indicating the shares may be fairly valued after the recent rally. Crown Holdings Receives a Hold from UBS
• Negative Sentiment: JPMorgan downgraded Crown to Neutral following the strong run-up, suggesting some analysts think the recent upside may already be priced in. Crown Holdings downgraded by J.P. Morgan after strong rally

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.