Crown (NYSE:CCK) had its price objective dropped by analysts at Citigroup from $69.00 to $62.00 in a research report issued on Thursday. The firm currently has a “buy” rating on the industrial products company’s stock. Citigroup’s price target points to a potential upside of 27.15% from the company’s current price.
Other research analysts also recently issued reports about the stock. ValuEngine downgraded shares of Crown from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Zacks Investment Research downgraded shares of Crown from a “buy” rating to a “hold” rating in a report on Thursday, March 29th. Barclays lifted their target price on shares of Crown from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, March 26th. Vertical Research raised shares of Crown from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Crown in a report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Crown has an average rating of “Hold” and a consensus target price of $63.70.
Shares of Crown stock opened at $48.76 on Thursday. Crown has a 1 year low of $48.26 and a 1 year high of $62.27. The company has a current ratio of 0.95, a quick ratio of 0.52 and a debt-to-equity ratio of 5.65. The firm has a market cap of $6,745.01, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43.
Crown (NYSE:CCK) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. Crown had a net margin of 3.71% and a return on equity of 57.14%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the firm posted $0.71 EPS. Crown’s revenue for the quarter was up 12.7% on a year-over-year basis. research analysts forecast that Crown will post 4.42 EPS for the current year.
Large investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Crown by 155.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,300 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 1,400 shares during the period. American International Group Inc. acquired a new stake in shares of Crown in the fourth quarter valued at about $169,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Crown by 40.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,988 shares of the industrial products company’s stock valued at $179,000 after purchasing an additional 863 shares during the period. First Republic Investment Management Inc. acquired a new stake in shares of Crown in the third quarter valued at about $205,000. Finally, Delpha Capital Management LLC acquired a new stake in shares of Crown in the fourth quarter valued at about $211,000. 89.37% of the stock is currently owned by institutional investors and hedge funds.
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Crown Holdings, Inc designs, manufactures, and sells packaging products for consumer goods in the Americas, Europe, and the Asia Pacific. Its primary products include steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage products; and metal vacuum closures, steel crowns and caps.
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