Crown (NYSE:CCK) Price Target Lowered to $97.00 at Truist Financial

Crown (NYSE:CCK) had its price objective lowered by research analysts at Truist Financial from $107.00 to $97.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the industrial products company’s stock. Truist Financial’s price objective indicates a potential upside of 12.09% from the company’s previous close.

A number of other equities analysts have also weighed in on CCK. Barclays decreased their target price on Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Bank of America reduced their price target on shares of Crown from $107.00 to $101.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Mizuho dropped their price target on shares of Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, UBS Group lowered their target price on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.42.

Crown Stock Up 2.8 %

Shares of Crown stock traded up $2.32 during midday trading on Tuesday, hitting $86.54. The company had a trading volume of 301,280 shares, compared to its average volume of 1,349,925. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. The company has a 50 day moving average of $87.21 and a 200 day moving average of $88.30. Crown has a 52-week low of $70.84 and a 52-week high of $98.46. The stock has a market capitalization of $10.12 billion, a P/E ratio of 24.33, a P/E/G ratio of 1.56 and a beta of 0.79.

Crown (NYSE:CCK) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. On average, equities analysts predict that Crown will post 6.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Crown

Several large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its position in Crown by 10,138.8% in the fourth quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company’s stock worth $256,762,000 after buying an additional 3,074,791 shares during the last quarter. Norges Bank purchased a new stake in Crown in the 4th quarter worth about $113,568,000. Metropolis Capital Ltd boosted its position in shares of Crown by 68.7% during the fourth quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company’s stock valued at $203,116,000 after buying an additional 1,000,605 shares during the period. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Crown in the fourth quarter worth approximately $66,732,000. Finally, Vulcan Value Partners LLC increased its stake in Crown by 450.5% in the fourth quarter. Vulcan Value Partners LLC now owns 823,691 shares of the industrial products company’s stock worth $68,027,000 after purchasing an additional 674,072 shares during the period. 90.93% of the stock is owned by institutional investors.

About Crown

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.