Shares of Crown Holdings (NYSE:CCK) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $48.68 and last traded at $48.57, with a volume of 756574 shares changing hands. The stock had previously closed at $49.66.

A number of analysts have issued reports on the stock. ValuEngine downgraded shares of Crown from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. UBS assumed coverage on shares of Crown in a report on Wednesday, November 29th. They issued a “neutral” rating and a $65.00 price objective for the company. Zacks Investment Research downgraded shares of Crown from a “hold” rating to a “sell” rating in a report on Monday, January 29th. KeyCorp reissued a “hold” rating on shares of Crown in a report on Tuesday, December 19th. Finally, Vertical Research raised shares of Crown from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Crown has a consensus rating of “Hold” and an average price target of $64.70.

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The company has a market cap of $6,708.75, a PE ratio of 20.89, a P/E/G ratio of 1.62 and a beta of 1.50. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.52 and a current ratio of 0.95.

Crown (NYSE:CCK) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Crown had a net margin of 3.71% and a return on equity of 57.14%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 EPS. equities research analysts predict that Crown Holdings will post 4.41 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ raised its position in shares of Crown by 14.2% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 26,600 shares of the industrial products company’s stock valued at $1,589,000 after buying an additional 3,300 shares in the last quarter. Meadow Creek Investment Management LLC acquired a new position in shares of Crown in the 4th quarter valued at approximately $2,431,000. Pinebridge Investments L.P. raised its position in shares of Crown by 5.2% in the 3rd quarter. Pinebridge Investments L.P. now owns 254,658 shares of the industrial products company’s stock valued at $15,209,000 after buying an additional 12,616 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Crown by 339.8% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 35,965 shares of the industrial products company’s stock valued at $2,148,000 after buying an additional 27,788 shares in the last quarter. Finally, IFM Investors Pty Ltd acquired a new position in Crown during the 3rd quarter worth approximately $365,000. Institutional investors own 89.30% of the company’s stock.

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Crown Company Profile

Crown Holdings, Inc designs, manufactures, and sells packaging products for consumer goods in the Americas, Europe, and the Asia Pacific. Its primary products include steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage products; and metal vacuum closures, steel crowns and caps.

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