Crown Holdings Inc. (NYSE:CCK) shares saw unusually-high trading volume on Friday . Approximately 1,126,396 shares changed hands during mid-day trading, a decline of 6% from the previous session’s volume of 1,193,974 shares.The stock last traded at $53.22 and had previously closed at $53.00.

CCK has been the topic of several analyst reports. Zacks Investment Research upgraded Crown Holdings from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Monday, April 11th. Credit Suisse Group AG increased their price objective on Crown Holdings from $54.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, April 19th. Jefferies Group raised their price target on Crown Holdings from $57.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, April 22nd. TheStreet upgraded Crown Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, April 21st. Finally, Vertical Research cut Crown Holdings from a “buy” rating to a “hold” rating in a research note on Monday, April 25th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Crown Holdings has an average rating of “Buy” and an average target price of $58.88.

The stock has a market cap of $7.34 billion and a P/E ratio of 16.25. The stock has a 50-day moving average of $51.99 and a 200 day moving average of $49.88.

Crown Holdings (NYSE:CCK) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.08. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.24 billion. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 earnings per share. On average, equities research analysts forecast that Crown Holdings Inc. will post $3.92 EPS for the current year.

In related news, insider Gerard H. Gifford sold 15,000 shares of the company’s stock in a transaction on Wednesday, April 27th. The shares were sold at an average price of $53.79, for a total transaction of $806,850.00. Following the completion of the sale, the insider now directly owns 108,393 shares of the company’s stock, valued at approximately $5,830,459.47. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David A. Beaver sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $53.31, for a total transaction of $53,310.00. Following the sale, the vice president now directly owns 4,932 shares of the company’s stock, valued at $262,924.92. The disclosure for this sale can be found here.

A number of hedge funds have made changes to their positions in the company. Stack Financial Management Inc boosted its stake in shares of Crown Holdings by 0.4% in the fourth quarter. Stack Financial Management Inc now owns 285,167 shares of the company’s stock worth $14,458,000 after buying an additional 1,064 shares during the period. Atlantic Trust Group LLC boosted its stake in shares of Crown Holdings by 1.0% in the fourth quarter. Atlantic Trust Group LLC now owns 186,052 shares of the company’s stock worth $9,433,000 after buying an additional 1,767 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of Crown Holdings by 6.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 43,554 shares of the company’s stock worth $2,208,000 after buying an additional 2,450 shares during the period. Andra AP fonden boosted its stake in shares of Crown Holdings by 7.4% in the fourth quarter. Andra AP fonden now owns 36,300 shares of the company’s stock worth $1,840,000 after buying an additional 2,500 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of Crown Holdings by 1.5% in the fourth quarter. Bank of Montreal Can now owns 174,501 shares of the company’s stock worth $8,847,000 after buying an additional 2,647 shares during the period.

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each Division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.