Crown Holdings, Inc. (NYSE:CCK) Receives Average Rating of “Moderate Buy” from Analysts

Crown Holdings, Inc. (NYSE:CCK) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $105.46.

Several research analysts have recently weighed in on CCK shares. Bank of America reduced their price objective on Crown from $107.00 to $101.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Robert W. Baird upped their price objective on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. UBS Group reduced their price objective on Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Mizuho reduced their price objective on Crown from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their price objective on Crown from $88.00 to $86.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th.

Crown Stock Down 0.6 %

NYSE:CCK opened at $87.93 on Monday. Crown has a 1 year low of $69.61 and a 1 year high of $98.46. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 2.19. The stock has a market cap of $10.52 billion, a price-to-earnings ratio of 108.55, a PEG ratio of 1.68 and a beta of 0.86. The stock has a 50-day moving average price of $86.26 and a two-hundred day moving average price of $88.48.

Insider Transactions at Crown

In related news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total transaction of $725,475.00. Following the sale, the chief executive officer now owns 563,678 shares of the company’s stock, valued at $54,524,572.94. This represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Crown

A number of large investors have recently added to or reduced their stakes in CCK. Pacer Advisors Inc. grew its position in Crown by 10,138.8% during the fourth quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company’s stock worth $256,762,000 after buying an additional 3,074,791 shares in the last quarter. Sessa Capital IM L.P. grew its position in Crown by 153.0% during the second quarter. Sessa Capital IM L.P. now owns 3,289,374 shares of the industrial products company’s stock worth $244,697,000 after buying an additional 1,989,374 shares in the last quarter. Metropolis Capital Ltd grew its position in Crown by 269.7% during the third quarter. Metropolis Capital Ltd now owns 1,455,752 shares of the industrial products company’s stock worth $139,578,000 after buying an additional 1,062,001 shares in the last quarter. Jennison Associates LLC grew its position in Crown by 125.0% during the third quarter. Jennison Associates LLC now owns 1,352,711 shares of the industrial products company’s stock worth $129,698,000 after buying an additional 751,530 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Crown by 9.3% in the 3rd quarter. FMR LLC now owns 8,787,606 shares of the industrial products company’s stock valued at $842,556,000 after purchasing an additional 749,085 shares in the last quarter. 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.