Market Resilience: Crown Holdings, Inc. (CCK) Finishes Weak at 71.52, Down -1.49

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Crown Holdings, Inc. (NYSE: CCK) closed the day trading at $71.52 down -1.49% from the previous closing price of $72.60. In other words, the price has decreased by -$1.49 from its previous closing price. On the day, 1.89 million shares were traded. CCK stock price reached its highest trading level at $72.42 during the session, while it also had its lowest trading level at $70.84.

Ratios:

For a better understanding of CCK, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.64. For the most recent quarter (mrq), Quick Ratio is recorded 0.77 and its Current Ratio is at 1.19. In the meantime, Its Debt-to-Equity ratio is 3.11 whereas as Long-Term Debt/Eq ratio is at 2.75.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Robert W. Baird on April 16, 2024, Upgraded its rating to Outperform and sets its target price to $90 from $85 previously.

On March 27, 2024, Truist Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $100 to $88.

On March 18, 2024, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $87.Morgan Stanley initiated its Equal-Weight rating on March 18, 2024, with a $87 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 04 ’24 when MILLER JAMES H sold 9,000 shares for $82.93 per share. The transaction valued at 746,377 led to the insider holds 12,884 shares of the business.

DONAHUE TIMOTHY J sold 7,500 shares of CCK for $637,500 on May 15 ’24. The President & CEO now owns 608,678 shares after completing the transaction at $85.00 per share. On Apr 30 ’24, another insider, DONAHUE TIMOTHY J, who serves as the President & CEO of the company, sold 22,500 shares for $85.18 each. As a result, the insider received 1,916,550 and left with 616,178 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CCK now has a Market Capitalization of 8636539904 and an Enterprise Value of 15547222016. As of this moment, Crown’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.63, and their Forward P/E ratio for the next fiscal year is 10.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.73 while its Price-to-Book (P/B) ratio in mrq is 3.50. Its current Enterprise Value per Revenue stands at 1.315 whereas that against EBITDA is 8.647.

Stock Price History:

Over the past 52 weeks, CCK has reached a high of $96.35, while it has fallen to a 52-week low of $69.61. The 50-Day Moving Average of the stock is -11.78%, while the 200-Day Moving Average is calculated to be -13.41%.

Shares Statistics:

Over the past 3-months, CCK traded about 975.60K shares per day on average, while over the past 10 days, CCK traded about 1080820 shares per day. A total of 120.64M shares are outstanding, with a floating share count of 119.62M. Insiders hold about 0.94% of the company’s shares, while institutions hold 90.63% stake in the company. Shares short for CCK as of 1718323200 were 2722222 with a Short Ratio of 2.79, compared to 1715731200 on 2585800. Therefore, it implies a Short% of Shares Outstanding of 2722222 and a Short% of Float of 2.4.

Dividends & Splits

CCK’s forward annual dividend rate is 0.98, up from 0.97 a year ago. Against a Trailing Annual Dividend Yield of 0.013360882The stock’s 5-year Average Dividend Yield is 6.39.

Earnings Estimates

Currently, 13.0 analysts are dedicated to thoroughly evaluating and rating the performance of Crown Holdings, Inc. (CCK) in the stock market.On average, analysts expect EPS of $1.59 for the current quarter, with a high estimate of $1.62 and a low estimate of $1.52, while EPS last year was $1.68. The consensus estimate for the next quarter is $1.8, with high estimates of $1.91 and low estimates of $1.73.

Analysts are recommending an EPS of between $6.15 and $5.86 for the fiscal current year, implying an average EPS of $5.99. EPS for the following year is $6.79, with 14.0 analysts recommending between $7.3 and $6.35.

Revenue Estimates

11 analysts predict $3.06B in revenue for the current quarter. It ranges from a high estimate of $3.18B to a low estimate of $2.99B. As of the current estimate, Crown Holdings, Inc.’s year-ago sales were $3.45BFor the next quarter, 11 analysts are estimating revenue of $3.07B. There is a high estimate of $3.14B for the next quarter, whereas the lowest estimate is $2.99B.

A total of 15 analysts have provided revenue estimates for CCK’s current fiscal year. The highest revenue estimate was $12.33B, while the lowest revenue estimate was $11.59B, resulting in an average revenue estimate of $11.88B. In the same quarter a year ago, actual revenue was $12.01BBased on 15 analysts’ estimates, the company’s revenue will be $12.24B in the next fiscal year. The high estimate is $12.71B and the low estimate is $11.93B.

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