Crown (NYSE:CCK) Upgraded at StockNews.com

Crown (NYSE:CCK) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other research analysts also recently issued reports on CCK. Robert W. Baird upped their price objective on Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Mizuho set a $110.00 price objective on Crown in a research report on Friday, October 18th. UBS Group reduced their price target on Crown from $112.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Citigroup increased their price objective on Crown from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, Barclays increased their target price on Crown from $100.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $106.62.

Crown Trading Down 1.6 %

Shares of Crown stock opened at $93.68 on Friday. Crown has a 52 week low of $69.61 and a 52 week high of $98.46. The stock has a market capitalization of $11.31 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 2.19 and a beta of 0.86. The stock has a 50 day moving average price of $92.52 and a two-hundred day moving average price of $84.99. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.73 and a current ratio of 1.05.

Insider Activity at Crown

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $85.85, for a total transaction of $643,875.00. Following the completion of the transaction, the chief executive officer now owns 586,178 shares of the company’s stock, valued at $50,323,381.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Crown news, COO Gerard H. Gifford sold 10,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total value of $958,900.00. Following the sale, the chief operating officer now directly owns 114,402 shares in the company, valued at $10,970,007.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $85.85, for a total value of $643,875.00. Following the sale, the chief executive officer now owns 586,178 shares of the company’s stock, valued at approximately $50,323,381.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,506 shares of company stock worth $3,075,799 over the last quarter. Insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Crown

A number of hedge funds and other institutional investors have recently bought and sold shares of CCK. First Trust Direct Indexing L.P. purchased a new position in shares of Crown during the 3rd quarter worth about $263,000. abrdn plc bought a new position in shares of Crown during the third quarter worth about $321,000. Pallas Capital Advisors LLC acquired a new stake in shares of Crown in the third quarter valued at approximately $875,000. State of Alaska Department of Revenue increased its position in Crown by 6.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 13,845 shares of the industrial products company’s stock valued at $1,327,000 after acquiring an additional 815 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Crown by 2.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock valued at $894,000 after purchasing an additional 183 shares in the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

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.