In yesterday’s Wall Street session, Crown Holdings, Inc (NYSE:CCK) shares traded at $83.70, up 0.34% from the previous session.
CCK stock price is now -8.26% away from the 50-day moving average and -2.09% away from the 200-day moving average. The market capitalization of the company currently stands at $10.01B.
With the price target enhanced from $85 to $90, Robert W. Baird Upgraded its rating from Neutral to Outperform for Crown Holdings, Inc (NYSE: CCK). On March 27, 2024, Truist Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $100 to quote $88, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, DONAHUE TIMOTHY J, President & CEO sold 7,500 shares of the company’s stock on Nov 06 ’24. The stock was sold for $725,475 at an average price of $96.73. Upon completion of the transaction, the President & CEO now directly owns 563,678 shares in the company, valued at $47.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, Officer DONAHUE TIMOTHY J bought 7,500 shares of the business’s stock. A total of $725,475 was incurred on buying the stock at an average price of $96.73. A total of 0.79% of the company’s stock is owned by insiders.
During the past 12 months, Crown Holdings, Inc has had a low of $69.61 and a high of $98.46. As of last week, the company has a debt-to-equity ratio of 3.05, a current ratio of 1.21, and a quick ratio of 0.84. According to the stock market information, the enterprise value for the company is $16316478464, which is based on a 103.08 price-to-earnings ratio, a 8.92 price-to-earnings-growth ratio, and a beta of 0.85. The fifty day moving average price for CCK is $91.4326 and a two-hundred day moving average price translates $85.4604 for the stock.
The latest earnings results from Crown Holdings, Inc (NYSE: CCK) was released for 2024-09-30. The net profit margin was 0.83% and return on equity was 4.02% for CCK. The company reported revenue of $3.07 billion for the quarter, compared to $3.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.16 percent. For the current quarter, analysts expect CCK to generate $2.9B in revenue.
