Crown (NYSE:CCK) Price Target Lowered to $107.00 at DA Davidson

Crown (NYSE:CCK) had its price objective dropped by DA Davidson from $115.00 to $107.00 in a report issued on Wednesday,MarketScreener reports. The firm currently has a “neutral” rating on the industrial products company’s stock. DA Davidson’s price target would indicate a potential upside of 6.66% from the stock’s current price.

Several other brokerages have also issued reports on CCK. Wall Street Zen lowered shares of Crown from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Mizuho raised their price target on Crown from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Bank of America cut their price objective on Crown from $131.00 to $126.00 and set a “buy” rating for the company in a report on Monday, April 6th. JPMorgan Chase & Co. reduced their price objective on Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company dropped their target price on Crown from $111.00 to $109.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Crown has a consensus rating of “Moderate Buy” and an average price target of $120.00.

Crown Price Performance

Shares of CCK stock traded up $0.24 during trading on Wednesday, hitting $100.32. The company had a trading volume of 111,843 shares, compared to its average volume of 1,148,256. The stock’s 50-day moving average is $103.58 and its two-hundred day moving average is $103.20. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 1.66 and a beta of 0.65. The company has a quick ratio of 0.70, a current ratio of 1.12 and a debt-to-equity ratio of 1.67. Crown has a 52 week low of $89.21 and a 52 week high of $116.62.

Crown (NYSE:CCK) last announced its earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share (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 26.62%. 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 previous year, the business posted $1.67 earnings per share. Crown’s revenue for the quarter 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. As a group, analysts predict that Crown will post 8.05 EPS for the current fiscal year.

Insider Transactions at Crown

In other news, COO Djalma Novaes, Jr. sold 29,734 shares of Crown stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $114.80, for a total value of $3,413,463.20. Following the transaction, the chief operating officer owned 88,052 shares in the company, valued at approximately $10,108,369.60. The trade was a 25.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $106.85, for a total value of $801,375.00. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,234 shares of company stock worth $5,832,363 over the last ninety days. Insiders own 0.90% of the company’s stock.

Institutional Trading of Crown

A number of institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its holdings in shares of Crown by 105.0% in the third 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 last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Crown during the 3rd quarter valued at $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 valued at $31,000 after buying an additional 105 shares during the period. Geneos Wealth Management Inc. grew its holdings in Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 111 shares during the last quarter. Finally, Quent Capital LLC purchased a new position in shares of Crown in the third quarter valued at about $34,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Company Profile

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.