Wells Fargo & Company Issues Positive Forecast for Crown (NYSE:CCK) Stock Price

Crown (NYSE:CCK) had its price target increased by Wells Fargo & Company from $86.00 to $90.00 in a research report report published on Friday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the industrial products company’s stock.

Several other equities research analysts also recently weighed in on the stock. Bank of America dropped their target price 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. UBS Group lowered their price objective on Crown from $113.00 to $108.00 and set a “buy” rating for the company in a report on Friday, January 10th. Loop Capital increased their target price on Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Robert W. Baird boosted their price target on Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, Morgan Stanley upgraded Crown from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $109.00 to $105.00 in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.92.

Crown Trading Down 0.4 %

NYSE:CCK opened at $87.01 on Friday. Crown has a one year low of $70.84 and a one year high of $98.46. The business’s 50-day simple moving average is $85.55 and its 200 day simple moving average is $89.21. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 107.42, a price-to-earnings-growth ratio of 1.70 and a beta of 0.87.

Crown (NYSE:CCK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.51 by $0.08. Crown had a return on equity of 24.57% and a net margin of 0.83%. As a group, sell-side analysts predict that Crown will post 6.35 earnings per share for the current fiscal year.

Institutional Trading of Crown

A number of large investors have recently modified their holdings of CCK. GAMMA Investing LLC increased its stake in shares of Crown by 110.9% in the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 163 shares during the period. Covestor Ltd increased its position in Crown by 156.5% in the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 277 shares during the period. Brooklyn Investment Group bought a new stake in Crown during the 3rd quarter valued at $44,000. Catalyst Capital Advisors LLC acquired a new position in Crown during the 3rd quarter worth $48,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Crown in the third quarter worth $55,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Company Profile

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.