Crown (NYSE:CCK) had its price target raised by equities research analysts at Barclays from $70.00 to $72.00 in a report issued on Monday. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Barclays’ price target indicates a potential upside of 44.93% from the stock’s current price.
A number of other research firms also recently weighed in on CCK. ValuEngine downgraded shares of Crown from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. UBS assumed coverage on shares of Crown in a research report on Wednesday, November 29th. They set a “neutral” rating and a $65.00 target price for the company. Zacks Investment Research downgraded shares of Crown from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. KeyCorp reissued a “hold” rating on shares of Crown in a research report on Tuesday, December 19th. Finally, Vertical Research raised shares of Crown from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $64.90.
Crown (NYSE CCK) traded up $1.38 during trading hours on Monday, reaching $49.68. 213,801 shares of the company’s stock traded hands, compared to its average volume of 1,716,725. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.52 and a current ratio of 0.95. The stock has a market cap of $6,487.14, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.56 and a beta of 1.50. Crown has a 52-week low of $48.26 and a 52-week high of $62.27.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCK. Millennium Management LLC boosted its holdings in Crown by 6,760.0% in the 4th quarter. Millennium Management LLC now owns 1,014,450 shares of the industrial products company’s stock worth $57,063,000 after buying an additional 999,662 shares during the period. LSV Asset Management boosted its holdings in Crown by 506.5% in the 4th quarter. LSV Asset Management now owns 1,069,908 shares of the industrial products company’s stock worth $60,182,000 after buying an additional 893,500 shares during the period. Renaissance Technologies LLC boosted its holdings in Crown by 130.9% in the 4th quarter. Renaissance Technologies LLC now owns 999,400 shares of the industrial products company’s stock worth $56,216,000 after buying an additional 566,600 shares during the period. Caxton Associates LP bought a new position in Crown in the 4th quarter worth approximately $28,969,000. Finally, Two Sigma Investments LP bought a new position in Crown in the 4th quarter worth approximately $20,505,000. 89.37% of the stock is owned by institutional investors.
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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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