In yesterday’s Wall Street session, Crown Holdings Inc. (NYSE:CCK) shares traded at $94.08, down -2.11% from the previous session.
As of this writing, 16 analysts cover Crown Holdings Inc. (NYSE:CCK). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $128.00 and a low of $86.00, we find $103.50. Given the previous closing price of $96.11, this indicates a potential upside of 7.69 percent. CCK stock price is now 10.61% away from the 50-day moving average and 13.75% away from the 200-day moving average. The market capitalization of the company currently stands at $11.39B.
There are 6 analysts who have given it a hold rating, whereas 8 have given it a buy rating. Brokers who have rated the stock have averaged $103.79 as their price target over the next twelve months.
With the price target maintained at $80, Robert W. Baird recently Downgraded its rating from Outperform to Neutral for Crown Holdings Inc. (NYSE: CCK).
In other news, MILLER JAMES H, Director sold 9,300 shares of the company’s stock on May 05. The stock was sold for $789,154 at an average price of $84.86. Upon completion of the transaction, the Director now directly owns 19,801 shares in the company, valued at $1.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 08, VP & Corp Controller Kalaus Christy L. sold 500 shares of the business’s stock. A total of $46,950 was realized by selling the stock at an average price of $93.90. This leaves the insider owning 4,894 shares of the company worth $0.46 million. Insiders disposed of 92,749 shares of company stock worth roughly $8.73 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 JEFFERIES FINANCIAL GROUP INC. during the first quarter worth $21,168,000. CAISSE DE DEPOT ET PLACEMENT DU QUEBEC invested $18,816,000 in shares of CCK during the first quarter. In the first quarter, LIONTRUST INVESTMENT PARTNERS LLP acquired a new stake in Crown Holdings Inc. valued at approximately $14,540,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in CCK for approximately $11,788,000. SEATOWN HOLDINGS PTE. LTD. purchased a new stake in CCK valued at around $8,947,000 in the second quarter. In total, there are 648 active investors with 99.20% ownership of the company’s stock.
Wednesday morning saw Crown Holdings Inc. (NYSE: CCK) opened at $95.76. During the past 12 months, Crown Holdings Inc. has had a low of $66.00 and a high of $102.68. As of last week, the company has a debt-to-equity ratio of 3.61, a current ratio of 1.30, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $17.98B, which is based on a 18.54 price-to-earnings ratio, a 2.85 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for CCK is $85.30 and a two-hundred day moving average price translates $82.76 for the stock.
The latest earnings results from Crown Holdings Inc. (NYSE: CCK) was released for Jun, 2023. According to the Packaging & Containers Company, earnings per share came in at $1.68, beating analysts’ expectations of $1.64 by 0.04. This compares to $1.98 EPS in the same period last year. The net profit margin was 4.80% and return on equity was 33.70% for CCK. The company reported revenue of $2.97 billion for the quarter, compared to $3.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.95 percent. For the current quarter, analysts expect CCK to generate $3.41B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/25/2023. Investors who held shares on 05/11/2023 were paid a $0.24 dividend. On an annualized basis, this represents a $0.96 dividend and a 1.02% percent yield. There was an ex-dividend date of 05/10/2023 for this dividend. In terms of dividend payout ratio, CCK is presently at 17.60%.
Crown Holdings Inc.(CCK) Company Profile
Crown Holdings, Inc., together with its subsidiaries, supplies rigid packaging products in Pennsylvania and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The Americas Beverage segment manufactures recyclable aluminum beverage cans and ends, glass bottles, steel crowns, and aluminum caps. The European Beverage segment manufactures recyclable aluminum beverage cans and ends. The Asia Pacific segment primarily consisting of beverage and non-beverage cans primarily for food cans and specialty packaging. The Transit Packaging segment provides industrial products; protective solutions; automation products, equipment, and tools; and steel and plastic strap, industrial film, and other related products. This segment also offers transit protection products, such as airbags, edge protectors, and honeycomb products, as well as manual, semi-automatic, and automatic equipment and tools used in end of line manufacturing applications to apply industrial solutions consumables. The company also provides aerosol cans and ends. Crown Holdings, Inc. was founded in 1892 and is headquartered in Yardley, Pennsylvania.
