Crown (NYSE:CCK) had its price objective hoisted by BMO Capital Markets from $72.00 to $85.00 in a research note published on Wednesday, The Fly reports. The brokerage currently has an outperform rating on the industrial products company’s stock.

Other analysts also recently issued reports about the stock. Wells Fargo & Co upped their price objective on shares of Crown from $70.00 to $75.00 and gave the stock an outperform rating in a report on Friday, October 18th. Royal Bank of Canada upped their price objective on shares of Crown from $79.00 to $83.00 and gave the stock an outperform rating in a report on Monday, October 21st. ValuEngine raised shares of Crown from a sell rating to a hold rating in a report on Friday, November 1st. Deutsche Bank upped their price objective on shares of Crown from $65.00 to $75.00 and gave the stock a buy rating in a report on Friday, October 18th. They noted that the move was a valuation call. Finally, KeyCorp reaffirmed a hold rating on shares of Crown in a report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $74.09.

NYSE CCK opened at $75.00 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 0.64 and a debt-to-equity ratio of 4.06. The company has a fifty day simple moving average of $67.53 and a 200 day simple moving average of $63.14. The company has a market cap of $10.20 billion, a P/E ratio of 14.42, a P/E/G ratio of 2.14 and a beta of 1.55. Crown has a 1 year low of $39.05 and a 1 year high of $78.29.

Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, October 16th. The industrial products company reported $1.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.57 by ($0.01). The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.19 billion. Crown had a return on equity of 41.91% and a net margin of 4.10%. Crown’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.71 earnings per share. Equities research analysts forecast that Crown will post 5.02 EPS for the current fiscal year.

In other Crown news, COO Gerard H. Gifford sold 10,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $67.92, for a total value of $679,200.00. Following the completion of the sale, the chief operating officer now directly owns 152,292 shares of the company’s stock, valued at approximately $10,343,672.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Hock Huat Goh sold 3,125 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $74.16, for a total transaction of $231,750.00. Following the completion of the sale, the insider now directly owns 42,423 shares of the company’s stock, valued at $3,146,089.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,250 shares of company stock valued at $1,873,144. Insiders own 1.90% of the company’s stock.

Several hedge funds have recently made changes to their positions in CCK. Marshall Wace LLP acquired a new position in shares of Crown in the 1st quarter valued at $321,000. First Trust Advisors LP raised its stake in shares of Crown by 2.5% in the 1st quarter. First Trust Advisors LP now owns 75,709 shares of the industrial products company’s stock valued at $4,131,000 after buying an additional 1,844 shares in the last quarter. Investors Research Corp raised its stake in shares of Crown by 12.2% in the 2nd quarter. Investors Research Corp now owns 2,300 shares of the industrial products company’s stock valued at $141,000 after buying an additional 250 shares in the last quarter. Packer & Co Ltd raised its stake in shares of Crown by 56.3% in the 2nd quarter. Packer & Co Ltd now owns 170,785 shares of the industrial products company’s stock valued at $26,257,000 after buying an additional 61,539 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of Crown in the 2nd quarter valued at $1,185,000. Institutional investors own 96.32% of the company’s stock.

Crown Company Profile

Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.

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Analyst Recommendations for Crown (NYSE:CCK)

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