Crown Holdings, Inc. (NYSE: CCK) has a price-to-earnings ratio of 24.13x that is above its average ratio. Additionally, the 36-month beta value for CCK is 0.88. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for CCK is 119.68M and currently, short sellers hold a 2.36% ratio of that float. The average trading volume of CCK on May 08, 2024 was 1.25M shares.
CCK) stock’s latest price update
The stock price of Crown Holdings, Inc. (NYSE: CCK) has dropped by -0.20 compared to previous close of 83.84. Despite this, the company has seen a gain of 0.73% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-01 that Crown Holdings’ (CCK) first-quarter top line reflects the impacts of lower volumes across most businesses, offset by higher beverage can unit volumes in the Americas and Europe.
CCK’s Market Performance
CCK’s stock has risen by 0.73% in the past week, with a monthly rise of 3.86% and a quarterly rise of 11.62%. The volatility ratio for the week is 1.81% while the volatility levels for the last 30 days are 2.33% for Crown Holdings, Inc. The simple moving average for the past 20 days is 4.86% for CCK’s stock, with a -0.92% simple moving average for the past 200 days.
Analysts’ Opinion of CCK
Many brokerage firms have already submitted their reports for CCK stocks, with Robert W. Baird repeating the rating for CCK by listing it as a “Outperform.” The predicted price for CCK in the upcoming period, according to Robert W. Baird is $90 based on the research report published on April 16, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see CCK reach a price target of $88, previously predicting the price at $100. The rating they have provided for CCK stocks is “Hold” according to the report published on March 27th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to CCK, setting the target price at $87 in the report published on March 18th of the current year.
CCK Trading at 6.72% from the 50-Day Moving Average
After a stumble in the market that brought CCK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.16% of loss for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares surge +4.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.53% upper at present.
During the last 5 trading sessions, CCK rose by +0.32%, which changed the moving average for the period of 200-days by -7.95% in comparison to the 20-day moving average, which settled at $79.99. In addition, Crown Holdings, Inc. saw -9.14% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CCK starting from DONAHUE TIMOTHY J, who sale 22,500 shares at the price of $85.18 back on Apr 30 ’24. After this action, DONAHUE TIMOTHY J now owns 616,178 shares of Crown Holdings, Inc., valued at $1,916,550 using the latest closing price.
DONAHUE TIMOTHY J, the President & CEO of Crown Holdings, Inc., sale 7,500 shares at $90.96 during a trade that took place back on Jan 08 ’24, which means that DONAHUE TIMOTHY J is holding 651,264 shares at $682,200 based on the most recent closing price.
Stock Fundamentals for CCK
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.19 for the gross margin
The net margin for Crown Holdings, Inc. stands at 0.04. The total capital return value is set at 0.12. Equity return is now at value 18.44, with 2.85 for asset returns.
Based on Crown Holdings, Inc. (CCK), the company’s capital structure generated 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 3.02. The interest coverage ratio of the stock is 3.02.
Currently, EBITDA for the company is 1.84 billion with net debt to EBITDA at 3.4. When we switch over and look at the enterprise to sales, we see a ratio of 1.39. The receivables turnover for the company is 7.22for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.19.
Conclusion
In conclusion, Crown Holdings, Inc. (CCK) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high..
