Crown Holdings, Inc. (NYSE:CCK) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Crown Holdings, Inc. (NYSE:CCK) have earned an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $128.47.

A number of brokerages have recently commented on CCK. UBS Group lifted their price target on shares of Crown from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, October 21st. Wells Fargo & Company reaffirmed a “cautious” rating on shares of Crown in a research report on Monday, October 19th. Jefferies Financial Group set a $121.00 target price on Crown in a report on Wednesday, July 22nd. Robert W. Baird upped their price target on Crown from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Royal Bank Of Canada raised their price objective on Crown from $131.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Crown by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,977,123 shares of the industrial products company’s stock valued at $198,186,000 after buying an additional 32,112 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Crown by 19.3% during the first quarter. Quantinno Capital Management LP now owns 1,156,902 shares of the industrial products company’s stock worth $115,979,000 after acquiring an additional 186,849 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Crown during the second quarter worth about $112,578,000. Nykredit A S acquired a new stake in shares of Crown in the 2nd quarter worth about $99,537,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Crown in the 2nd quarter worth about $60,275,000. Institutional investors own 90.93% of the company’s stock.

Crown Stock Performance

CCK opened at $119.30 on Friday. The firm has a market capitalization of $12.89 billion, a PE ratio of 16.62, a PEG ratio of 1.49 and a beta of 0.56. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.71 and a current ratio of 1.14. Crown has a 52-week low of $91.31 and a 52-week high of $122.91. The business’s 50-day simple moving average is $112.79 and its 200 day simple moving average is $108.45.

Crown (NYSE:CCK) last announced its earnings results on Monday, October 19th. The industrial products company reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.13. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.45 billion. Crown had a return on equity of 27.41% and a net margin of 5.78%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.24 earnings per share. As a group, sell-side analysts expect that Crown will post 8.41 earnings per share for the current fiscal year.

Crown Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 5th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 5th. Crown’s dividend payout ratio is presently 19.50%.

About Crown

Crown Holdings, Inc (NYSE: CCK) is a global packaging company that designs, manufactures and sells metal packaging products. Its portfolio includes beverage cans, food cans, aerosol cans, closures and other specialty packaging used by consumer goods, food and beverage, household, personal care and industrial customers.

The company serves customers across North America, Europe, Asia Pacific and other international markets. Crown’s products are used for beer, soft drinks, energy drinks, canned foods, household products, personal care items and industrial materials.