JPMorgan Chase & Co. Cuts Crown (NYSE:CCK) Price Target to $107.00

Crown (NYSE:CCKFree Report) had its price target cut by JPMorgan Chase & Co. from $115.00 to $107.00 in a research note released on Wednesday,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

A number of other analysts also recently commented on CCK. Jefferies Financial Group restated a “buy” rating on shares of Crown in a report on Monday, February 23rd. Royal Bank Of Canada dropped 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. UBS Group dropped their price objective on Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Crown in a report on Friday, March 27th. Finally, Mizuho lifted their price objective on Crown from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.93.

Read Our Latest Stock Report on CCK

Crown Trading Up 2.0%

Shares of CCK opened at $100.28 on Wednesday. The stock has a fifty day moving average of $105.34 and a two-hundred day moving average of $102.79. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.66 and a current ratio of 1.12. The company has a market capitalization of $11.26 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 1.52 and a beta of 0.65. Crown has a fifty-two week low of $89.21 and a fifty-two week high of $116.62.

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

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, May 14th. Crown’s dividend payout ratio is 22.29%.

Insiders Place Their Bets

In related news, COO Djalma Novaes, Jr. sold 29,734 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the completion of the sale, the chief operating officer directly owned 88,052 shares of the company’s stock, valued at approximately $10,108,369.60. This represents a 25.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of the company’s 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 directly owned 451,070 shares of the company’s stock, valued at approximately $48,196,829.50. This trade represents a 1.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 52,234 shares of company stock valued at $5,832,363. 0.90% of the stock is owned by corporate insiders.

Institutional Trading of Crown

Institutional investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. boosted its position in Crown by 103.1% during the 3rd 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 period. Smartleaf Asset Management LLC boosted its position in Crown by 105.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 148 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Crown during the 3rd quarter worth $29,000. ORG Partners LLC boosted 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 purchasing an additional 105 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after buying an additional 111 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

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Crown Company Profile

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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.

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