Wells Fargo & Company Boosts Crown (NYSE:CCK) Price Target to $117.00

Crown (NYSE:CCK) had its target price hoisted by equities research analysts at Wells Fargo & Company from $109.00 to $117.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 6.82% from the stock’s current price.

Several other analysts have also recently weighed in on the company. Truist Financial dropped their price objective on Crown from $135.00 to $129.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Crown in a research report on Wednesday, July 8th. Citigroup boosted their price target on shares of Crown from $127.00 to $129.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wall Street Zen upgraded shares of Crown from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Finally, UBS Group lowered their target price on shares of Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.21.

Crown Stock Down 0.2%

Shares of CCK opened at $109.53 on Wednesday. The business’s fifty day moving average price is $102.05 and its two-hundred day moving average price is $104.46. The firm has a market capitalization of $12.24 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 1.81 and a beta of 0.60. Crown has a 52 week low of $89.21 and a 52 week high of $116.62. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.70 and a current ratio of 1.12.

Crown (NYSE:CCK) last released its earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. Crown had a return on equity of 26.62% and a net margin of 5.65%.The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. On average, analysts predict that Crown will post 8.05 earnings per share for the current year.

Insider Buying and Selling

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the sale, the chief executive officer directly owned 436,070 shares in the company, valued at approximately $45,787,350. This trade represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Institutional Trading of Crown

A number of large investors have recently made changes to their positions in CCK. Caitong International Asset Management Co. Ltd acquired a new stake in Crown during the 3rd quarter worth $29,000. ORG Partners LLC grew its stake in Crown by 52.5% in the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 105 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 111 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new stake in shares of Crown in the fourth quarter worth about $42,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Crown by 52.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 151 shares during the period. Institutional investors own 90.93% of the company’s stock.

About Crown

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.