The price of Crown Holdings Inc. (NYSE:CCK) shares last traded on Wall Street fell -1.92% to $80.71.
As we calculate the median target price by taking the range between a high of $110.00 and a low of $71.00, we find $93.00. Given the previous closing price of $82.29, this indicates a potential upside of 13.01 percent. CCK stock price is now 1.90% away from the 50-day moving average and -18.09% away from the 200-day moving average. The market capitalization of the company currently stands at $9.52B.
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Brokers who have rated the stock have averaged $92.35 as their price target over the next twelve months.
With the price target reduced from $115 to $71, JP Morgan Downgraded its rating from Overweight to Neutral for Crown Holdings Inc. (NYSE: CCK). On September 15, 2022, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $105, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’.
In other news, Kalaus Christy L., VP & Corp Controller sold 500 shares of the company’s stock on Sep 08. The stock was sold for $46,950 at an average price of $93.90. Upon completion of the transaction, the VP & Corp Controller now directly owns 4,894 shares in the company, valued at $0.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 31, President – Americas Division NOVAES DJALMA JR sold 5,000 shares of the business’s stock. A total of $526,900 was realized by selling the stock at an average price of $105.38. This leaves the insider owning 80,328 shares of the company worth $6.48 million. Insiders disposed of 136,944 shares of company stock worth roughly $11.05 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CCK stock. A new stake in Crown Holdings Inc. shares was purchased by CAPITAL WORLD INVESTORS during the first quarter worth $247,747,000. NOMURA HOLDINGS INC invested $116,610,000 in shares of CCK during the first quarter. In the first quarter, ICAHN CARL C acquired a new stake in Crown Holdings Inc. valued at approximately $83,938,000. ANOMALY CAPITAL MANAGEMENT, LP acquired a new stake in CCK for approximately $54,826,000. ALUA CAPITAL MANAGEMENT LP purchased a new stake in CCK valued at around $44,717,000 in the second quarter. In total, there are 709 active investors with 99.20% ownership of the company’s stock.
A candlestick chart of Crown Holdings Inc. (NYSE: CCK) showed a price of $82.13 on Wednesday morning. During the past 12 months, Crown Holdings Inc. has had a low of $66.00 and a high of $130.42. As of last week, the company has a debt-to-equity ratio of 4.13, a current ratio of 1.20, and a quick ratio of 0.70. The fifty day moving average price for CCK is $79.23 and a two-hundred day moving average price translates $98.33 for the stock.
The latest earnings results from Crown Holdings Inc. (NYSE: CCK) was released for Sep, 2022. According to the Packaging & Containers Company, earnings per share came in at $1.46, missing analysts’ expectations of $1.76 by -0.3. This compares to -$0.65 EPS in the same period last year. The net profit margin was -2.80% and return on equity was -20.30% for CCK. The company reported revenue of $3.26 billion for the quarter, compared to $2.92 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.61 percent. For the current quarter, analysts expect CCK to generate $3.18B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/25/2022. Investors who held shares on 11/10/2022 were paid a $0.22 dividend. On an annualized basis, this represents a $0.88 dividend and a 1.09% percent yield. There was an ex-dividend date of 11/09/2022 for this dividend.
Crown Holdings Inc.(CCK) Company Profile
Crown Holdings, Inc. designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food and beverage industries. The company also provides products for industrial products, such as steel and plastic strap consumables and equipment, paper-based protective packaging, and plastic film consumables and equipment to metals, food and beverage, construction, agricultural, corrugated, and general industries. In addition, it offers other consumer products, glass bottles for beverage products, steel crowns, aluminum caps, steel strap, plastic strap, industrial film, and other related products, as well as equipment and tools, such as manual, semi-automatic, and automatic equipment and tools used in end of line manufacturing applications to apply industrial solutions consumables. Crown Holdings, Inc. was founded in 1892 and is headquartered in Yardley, Pennsylvania.
