Crown (NYSE:CCK) Given Neutral Rating at Robert W. Baird

Crown (NYSE:CCKGet Free Report)‘s stock had its “neutral” rating restated by investment analysts at Robert W. Baird in a note issued to investors on Tuesday, Benzinga reports. They presently have a $90.00 price target on the industrial products company’s stock. Robert W. Baird’s target price indicates a potential upside of 17.45% from the company’s current price.

Several other brokerages have also recently commented on CCK. Mizuho dropped their price target on shares of Crown from $105.00 to $96.00 and set a “buy” rating on the stock in a research report on Tuesday. Wells Fargo & Company dropped their price target on Crown from $86.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 19th. UBS Group began coverage on Crown in a research note on Tuesday, January 16th. They issued a “buy” rating and a $112.00 price target on the stock. Royal Bank of Canada dropped their price target on Crown from $115.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, October 26th. Finally, Barclays dropped their price target on Crown from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $104.00.

View Our Latest Analysis on CCK

Crown Stock Performance

Shares of NYSE CCK traded down $11.70 during midday trading on Tuesday, reaching $76.63. 3,787,445 shares of the company traded hands, compared to its average volume of 1,058,320. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.13 and a quick ratio of 0.70. The stock has a 50-day moving average price of $90.11 and a 200 day moving average price of $87.79. Crown has a 52 week low of $69.61 and a 52 week high of $96.35. The company has a market cap of $9.25 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 2.68 and a beta of 0.96.

Crown (NYSE:CCKGet Free Report) last issued its quarterly earnings results on Monday, February 5th. The industrial products company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.19). Crown had a return on equity of 26.84% and a net margin of 4.17%. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter last year, the firm posted $1.17 earnings per share. Crown’s revenue was down 5.1% compared to the same quarter last year. Sell-side analysts anticipate that Crown will post 6.03 earnings per share for the current fiscal year.

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $90.96, for a total value of $682,200.00. Following the completion of the sale, the chief executive officer now owns 651,264 shares of the company’s stock, valued at approximately $59,238,973.44. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Crown

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCK. BluePath Capital Management LLC acquired a new stake in Crown in the 3rd quarter worth approximately $25,000. Sound Income Strategies LLC acquired a new stake in Crown in the 4th quarter worth approximately $26,000. Tobam acquired a new stake in Crown in the 2nd quarter worth approximately $58,000. Quarry LP acquired a new position in shares of Crown during the first quarter worth approximately $58,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Crown by 91.9% during the second quarter. Fifth Third Bancorp now owns 691 shares of the industrial products company’s stock worth $60,000 after buying an additional 331 shares during the last quarter. 95.18% of the stock is currently owned by institutional investors and hedge funds.

Crown Company Profile

(Get Free Report)

Crown Holdings, Inc, together with its subsidiaries, supplies rigid packaging products in Pennsylvania and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The Americas Beverage segment manufactures recyclable aluminum beverage cans and ends, glass bottles, steel crowns, and aluminum caps.

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