Crown (NYSE:CCK) Price Target Cut to $112.00 by Analysts at UBS Group

Crown (NYSE:CCK) had its price target lowered by investment analysts at UBS Group from $120.00 to $112.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The firm presently has a “neutral” rating on the industrial products company’s stock. UBS Group’s price objective suggests a potential upside of 12.00% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Citigroup reissued a “buy” rating on shares of Crown in a research report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Crown in a report on Monday, February 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Crown in a research report on Friday, March 27th. Royal Bank Of Canada decreased their price objective on Crown from $140.00 to $129.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Finally, Mizuho raised their price objective on Crown from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Crown has a consensus rating of “Moderate Buy” and an average target price of $123.73.

Crown Stock Down 1.6%

CCK traded down $1.61 on Wednesday, hitting $100.00. The company had a trading volume of 27,206 shares, compared to its average volume of 1,149,916. The stock has a market capitalization of $11.22 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 1.67 and a beta of 0.75. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.66 and a current ratio of 1.03. The stock has a fifty day moving average price of $105.95 and a 200-day moving average price of $102.85. Crown has a 12-month low of $89.21 and a 12-month high of $116.62.

Crown (NYSE:CCK) last released its quarterly earnings results on Monday, April 27th. The industrial products company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.75 by $0.11. Crown had a net margin of 5.65% and a return on equity of 26.55%. The business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the firm posted $1.67 earnings per share. The company’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. Analysts predict that Crown will post 8.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other Crown news, COO Djalma Novaes, Jr. sold 29,734 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $114.80, for a total value of $3,413,463.20. Following the completion of the transaction, the chief operating officer owned 88,052 shares of the company’s stock, valued at approximately $10,108,369.60. This trade represents a 25.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total transaction of $801,375.00. Following the sale, the chief executive officer owned 451,070 shares of the company’s stock, valued at $48,196,829.50. The trade was a 1.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 59,734 shares of company stock valued at $6,619,863. Corporate insiders own 0.90% of the company’s stock.

Institutional Trading of Crown

Large investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its stake in shares of Crown by 103.1% in the third quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 134 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Crown by 105.0% in the third quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock valued at $28,000 after buying an additional 148 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Crown during the 3rd quarter worth approximately $29,000. ORG Partners LLC raised its position in Crown by 52.5% during the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock worth $31,000 after buying an additional 105 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 111 shares during the period. Hedge funds and other 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.