UBS initiated coverage on shares of Crown (NYSE:CCK) in a report released on Wednesday morning. The firm issued a neutral rating and a $65.00 price objective on the industrial products company’s stock.

A number of other analysts have also issued reports on the stock. KeyCorp reissued a hold rating on shares of Crown in a research note on Friday, November 10th. Barclays boosted their target price on shares of Crown from $69.00 to $70.00 and gave the company an overweight rating in a research note on Friday, October 20th. Wells Fargo & Company boosted their target price on shares of Crown from $57.00 to $60.00 and gave the company a market perform rating in a research note on Friday, October 20th. Zacks Investment Research lowered shares of Crown from a buy rating to a hold rating in a research note on Tuesday, October 3rd. Finally, BMO Capital Markets reissued a buy rating and set a $65.00 target price on shares of Crown in a research note on Monday, September 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $64.27.

Shares of Crown (NYSE CCK) traded up $0.05 on Wednesday, hitting $59.22. 524,000 shares of the stock were exchanged, compared to its average volume of 781,227. The stock has a market capitalization of $7,944.93, a price-to-earnings ratio of 14.94, a P/E/G ratio of 2.10 and a beta of 1.44. Crown has a 1 year low of $51.57 and a 1 year high of $61.61. The company has a debt-to-equity ratio of 4.60, a current ratio of 1.04 and a quick ratio of 0.57.

Crown (NYSE:CCK) last issued its earnings results on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.41. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.39 billion. Crown had a net margin of 5.64% and a return on equity of 60.44%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 earnings per share. equities analysts forecast that Crown will post 4.03 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in CCK. Toronto Dominion Bank lifted its stake in Crown by 12.1% in the second quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 185 shares during the period. Creative Planning lifted its stake in Crown by 1.3% in the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 23 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its stake in Crown by 40.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,988 shares of the industrial products company’s stock worth $179,000 after acquiring an additional 863 shares during the period. First Republic Investment Management Inc. purchased a new stake in Crown in the third quarter worth about $205,000. Finally, Oakbrook Investments LLC purchased a new stake in Crown in the third quarter worth about $207,000. 90.05% of the stock is owned by institutional investors.

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About Crown

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.

Analyst Recommendations for Crown (NYSE:CCK)

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