Crown (CCK) Stock Rating Lowered by ValuEngine

Crown (NYSE:CCK) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other research firms also recently weighed in on CCK. Zacks Investment Research upgraded Crown from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Thursday, September 21st. Barclays boosted their target price on Crown from $69.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, October 20th. KeyCorp restated a “hold” rating on shares of Crown in a research report on Friday, November 10th. Wells Fargo & Company boosted their target price on Crown from $57.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Finally, BMO Capital Markets restated a “buy” rating and set a $65.00 target price on shares of Crown in a research report on Monday, September 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Crown presently has an average rating of “Hold” and a consensus target price of $64.27.

Shares of Crown (CCK) opened at $59.51 on Thursday. The firm has a market capitalization of $8,020.12, a price-to-earnings ratio of 15.08, a PEG ratio of 2.12 and a beta of 1.43. Crown has a 52-week low of $51.57 and a 52-week high of $61.61. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.57 and a current ratio of 1.04.

Crown (NYSE:CCK) last released its earnings results on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.39 billion. Crown had a return on equity of 60.44% and a net margin of 5.64%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.33 earnings per share. research analysts forecast that Crown will post 4.03 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC increased its holdings in Crown by 8.7% in the second quarter. Lazard Asset Management LLC now owns 10,225,857 shares of the industrial products company’s stock valued at $610,074,000 after purchasing an additional 819,689 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Crown by 6,932.0% in the second quarter. Janus Henderson Group PLC now owns 6,536,851 shares of the industrial products company’s stock valued at $389,988,000 after purchasing an additional 6,443,892 shares during the last quarter. Boston Partners increased its holdings in Crown by 1.2% in the second quarter. Boston Partners now owns 5,560,782 shares of the industrial products company’s stock valued at $331,756,000 after purchasing an additional 64,738 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Crown by 2.6% in the third quarter. Victory Capital Management Inc. now owns 4,110,252 shares of the industrial products company’s stock valued at $245,464,000 after purchasing an additional 105,104 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in Crown by 1.9% in the third quarter. Nordea Investment Management AB now owns 2,080,675 shares of the industrial products company’s stock valued at $124,258,000 after purchasing an additional 38,310 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

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Crown Company Profile

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

Analyst Recommendations for Crown (NYSE:CCK)

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