The Price Target For Crown Holdings Inc. (CCK)?


Crown Holdings Inc. (NYSE:CCK) finished Friday with a subtraction of -$0.67 to close at $82.21, a downside of -0.81 percent. An average of 657,180 shares of common stock have been traded in the last five days. There was a gain of $0.55 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 1,305,965 shares traded, while the 50-day average volume stands at 1,743,204.

CCK stock has decreased by 0.00% in the last month. The company shares reached their 1-month lowest point of $78.37 on 12/16/22. With the stock rallying to its 52-week high on 03/25/22, shares of the company touched a low of $66.00 and a high of $130.42 in 52 weeks. It has reached a new high 18 times so far this year and lost -25.68% or -$28.41 in price. In spite of this, the price is down -36.97% from the 52-week high.

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Insider Transactions

CCK stock investors should be aware that Crown Holdings Inc. (CCK) stock had its last reported insider trading activity 114 days ago on Sep 08. In this transaction, the insider spent $46,950. President – Americas Division, NOVAES DJALMA JR, disposed of 5,000 shares at a price of $105.38 on May 31. The insider now owns more than $526,900 worth of shares. Prior to that, President – Asia Pacific Div. GOH HOCK HUAT went on to Sale 5,623 shares at $124.92 each on Mar 14. An amount of $702,448 was transacted.

Valuation Metrics

Crown Holdings Inc. (CCK) stock’s beta is 1.07. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.75, the price-to-book (PB) ratio at 5.91.

Financial Health

The quick ratio of Crown Holdings Inc. for the three months ended September 29 was 0.70, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 4.03 and a total debt to equity ratio of 4.13 for the quarter ending September 29. Its gross profit as reported stood at $1.92 billion compared to revenue of $11.39 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Crown Holdings Inc.’s return on assets was -2.60%.

Earnings Surprise

For the three-month period that ended September 29, Crown Holdings Inc. had $6.71 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $127.0 million in the quarter, while revenues were shrunk -0.79%. The analyst consensus anticipated Crown Holdings Inc.’s latest quarter earnings to come in at $1.76 per share, but it turned out to be $1.46, a -17.00% surprise. For the quarter, EBITDA amounted to $412.0 million. Shareholders own equity worth $119.95 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Crown Holdings Inc. (CCK) price momentum. RSI 9-day as of the close on 30 December was 53.20%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.27%.

As of today, CCK’s price is $82.42 +0.67% or $0.55 from its 5-day moving average. CCK is currently trading -0.63% lower than its 20-day SMA and -10.45% lower than its 100-day SMA. However, the stock’s current price level is -1.05% below the SMA50 and -34.77% below the SMA200.

The stochastic %K and %D were 57.92% and 59.28%, respectively, and the average true range (ATR) was 2.07. With the 14-day stochastic at 57.23% and the average true range at 2.24, the RSI (14) stands at 52.97%. The stock has reached 0.42 on the 9-day MACD Oscillator while the 14-day reading was at 0.72.

Analyst Ratings

JP Morgan downgraded Crown Holdings Inc. (NYSE: CCK) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight.

What is CCK’s price target for the next 12 months?

Analysts predict a range of price targets between $71.00 and $110.00, with a median target of $93.00. Taking a look at these predictions, the average price target given by analysts for Crown Holdings Inc. (CCK) stock is $93.06.


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