Recent Investment Analysts’ Ratings Changes for Crown (CCK)

A number of firms have modified their ratings and price targets on shares of Crown (NYSE: CCK) recently:

  • 1/18/2023 – Crown was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
  • 1/12/2023 – Crown had its price target raised by analysts at Mizuho from $96.00 to $100.00. They now have a “buy” rating on the stock.
  • 1/10/2023 – Crown had its price target lowered by analysts at Morgan Stanley from $110.00 to $105.00. They now have an “overweight” rating on the stock.
  • 1/10/2023 – Crown was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 1/9/2023 – Crown had its price target raised by analysts at Wells Fargo & Company from $76.00 to $80.00. They now have an “equal weight” rating on the stock.
  • 1/4/2023 – Crown was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating. They now have a $80.00 price target on the stock.
  • 12/15/2022 – Crown had its price target lowered by analysts at UBS Group AG from $105.00 to $90.00. They now have a “neutral” rating on the stock.
  • 12/14/2022 – Crown was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
  • 12/6/2022 – Crown was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 11/28/2022 – Crown was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Crown Price Performance

CCK traded down $0.26 on Wednesday, reaching $87.00. The company had a trading volume of 943,998 shares, compared to its average volume of 1,228,887. The business has a 50 day simple moving average of $82.85 and a 200 day simple moving average of $86.22. The company has a market cap of $10.44 billion, a price-to-earnings ratio of -31.99, a P/E/G ratio of 2.62 and a beta of 1.07. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.69 and a current ratio of 1.24. Crown Holdings, Inc. has a 52-week low of $66.00 and a 52-week high of $130.42.

Crown (NYSE:CCKGet Rating) last posted its quarterly earnings results on Monday, October 24th. The industrial products company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.30). The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Crown had a positive return on equity of 39.93% and a negative net margin of 2.80%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the business posted $2.03 earnings per share. As a group, sell-side analysts anticipate that Crown Holdings, Inc. will post 6.65 EPS for the current year.

Crown Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 25th. Shareholders of record on Thursday, November 10th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Wednesday, November 9th. Crown’s dividend payout ratio (DPR) is presently -32.35%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Ronald Blue Trust Inc. bought a new position in shares of Crown in the second quarter worth approximately $39,000. Tobam bought a new position in shares of Crown in the third quarter worth approximately $31,000. Arlington Partners LLC bought a new position in shares of Crown in the second quarter worth approximately $43,000. Wipfli Financial Advisors LLC bought a new position in shares of Crown in the third quarter worth approximately $48,000. Finally, Spire Wealth Management grew its holdings in shares of Crown by 27.0% in the second quarter. Spire Wealth Management now owns 1,049 shares of the industrial products company’s stock worth $97,000 after purchasing an additional 223 shares during the last quarter.

Crown Holdings, Inc engages in the design, manufacture, and sale of packaging products and equipment for consumer goods. The firm offers aerosol cans, beverage, promotional, and transit packaging, closures and capping, and food cans. It operates through the following segments: Americas, Europe, Asia Pacific, and Transit Packaging.

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