Crown (NYSE:CCK) Price Target Raised to $127.00

Crown (NYSE:CCK) had its target price increased by Wells Fargo & Company from $117.00 to $127.00 in a report published on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the industrial products company’s stock.

Several other equities analysts also recently issued reports on CCK. Jefferies Financial Group set a $121.00 price target on shares of Crown in a research note on Wednesday. Truist Financial reissued a “buy” rating and issued a $141.00 price objective (up from $129.00) on shares of Crown in a research note on Wednesday. DA Davidson decreased their price objective on Crown from $115.00 to $107.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Finally, Raymond James Financial lifted their target price on Crown from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.20.

Crown Stock Performance

Crown stock opened at $117.88 on Wednesday. The business has a 50 day moving average of $104.60 and a 200-day moving average of $105.16. Crown has a 1 year low of $89.21 and a 1 year high of $121.76. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.05 and a quick ratio of 0.70. The company has a market capitalization of $13.17 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.69 and a beta of 0.60.

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

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.40 annualized dividend and a yield of 1.2%. Crown’s dividend payout ratio (DPR) is currently 20.14%.

Insiders Place Their Bets

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of Crown stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the sale, the chief executive officer directly owned 436,070 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Institutional Trading of Crown

Large investors have recently modified their holdings of the stock. OLD National Bancorp IN increased its stake in Crown by 507.7% in the fourth quarter. OLD National Bancorp IN now owns 89,549 shares of the industrial products company’s stock valued at $9,221,000 after purchasing an additional 74,814 shares in the last quarter. Compagnie Lombard Odier SCmA raised its holdings in shares of Crown by 79.2% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 12,672 shares of the industrial products company’s stock valued at $1,305,000 after purchasing an additional 5,600 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Crown during the 4th quarter worth about $3,855,000. Louisiana State Employees Retirement System bought a new position in shares of Crown during the 1st quarter worth about $3,258,000. Finally, World Investment Advisors acquired a new stake in shares of Crown in the 4th quarter valued at about $1,188,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Key Headlines Impacting Crown

Here are the key news stories impacting Crown this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Crown Holdings to $135 from $131 and reiterated an outperform rating, suggesting meaningful upside from current levels. Benzinga report
• Positive Sentiment: Crown Holdings declared a quarterly dividend of $0.35 per share, which can appeal to income-focused investors and signals continued shareholder returns. Press release
• Positive Sentiment: Several analysts remained constructive after the earnings beat, including Truist reaffirming Buy and Wells Fargo lifting its price target to $127, which adds to the bullish tone around the stock. Article
• Neutral Sentiment: UBS reportedly kept a Hold rating, indicating some analysts see the shares as fairly valued after the recent rally. UBS Hold report
• Negative Sentiment: J.P. Morgan reportedly downgraded Crown to Neutral after the strong run-up, which may reflect concerns that much of the good news is already priced in. Seeking Alpha report

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.