ValuEngine cut shares of Crown (NYSE:CCK) from a buy rating to a hold rating in a research note published on Friday.

Several other research firms also recently issued reports on CCK. Barclays upped their price objective on shares of Crown from $69.00 to $70.00 and gave the stock an overweight rating in a report on Friday, October 20th. Wells Fargo & Co upped their price objective on shares of Crown from $57.00 to $60.00 and gave the stock a market perform rating in a report on Friday, October 20th. KeyCorp reaffirmed a hold rating on shares of Crown in a report on Thursday, October 19th. UBS Group started coverage on shares of Crown in a report on Wednesday, November 29th. They issued a neutral rating and a $65.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Crown from a hold rating to a sell rating in a report on Monday, January 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $64.27.

Shares of Crown (NYSE CCK) opened at $51.03 on Friday. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.57 and a current ratio of 1.04. The stock has a market cap of $6,864.17, a price-to-earnings ratio of 21.62, a P/E/G ratio of 1.66 and a beta of 1.42. Crown has a 1-year low of $50.42 and a 1-year high of $62.27.

Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.02 billion. Crown had a net margin of 3.71% and a return on equity of 56.47%. Crown’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 EPS. analysts anticipate that Crown will post 4.41 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Toronto Dominion Bank boosted its holdings in Crown by 12.1% in the 2nd quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 185 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in Crown by 155.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,300 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 1,400 shares during the period. American International Group Inc. bought a new stake in Crown in the 4th quarter valued at $169,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Crown by 40.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,988 shares of the industrial products company’s stock valued at $179,000 after purchasing an additional 863 shares during the period. Finally, First Republic Investment Management Inc. bought a new stake in Crown in the 3rd quarter valued at $205,000. 88.91% of the stock is owned by hedge funds and other 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.

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Analyst Recommendations for Crown (NYSE:CCK)

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