Shares of Crown Holdings, Inc. (NYSE:CCK) have received an average recommendation of “Buy” from the thirteen analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $60.38.
A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Crown from a “sell” rating to a “hold” rating in a report on Friday. Citigroup reduced their price target on shares of Crown from $60.00 to $54.00 and set a “buy” rating for the company in a report on Monday, January 7th. Deutsche Bank upgraded shares of Crown from a “hold” rating to a “buy” rating in a report on Thursday, January 3rd. ValuEngine cut shares of Crown from a “sell” rating to a “strong sell” rating in a report on Friday, October 26th. Finally, Bank of America raised their price target on shares of Crown from $51.00 to $57.00 and gave the stock a “hold” rating in a report on Monday, September 24th.
NYSE:CCK traded up $0.86 during trading hours on Friday, reaching $46.55. The company had a trading volume of 1,013,152 shares, compared to its average volume of 1,208,088. The company has a current ratio of 1.14, a quick ratio of 0.68 and a debt-to-equity ratio of 6.82. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 1.14 and a beta of 1.55. Crown has a twelve month low of $39.05 and a twelve month high of $59.50.
Crown (NYSE:CCK) last posted its quarterly earnings results on Wednesday, October 17th. The industrial products company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Crown had a net margin of 2.81% and a return on equity of 59.62%. The business’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period last year, the company posted $1.46 earnings per share. Equities analysts predict that Crown will post 5.2 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of CCK. First Hawaiian Bank acquired a new position in shares of Crown during the fourth quarter valued at about $42,000. Cerebellum GP LLC acquired a new position in shares of Crown during the fourth quarter valued at about $81,000. Columbia Asset Management acquired a new position in shares of Crown during the third quarter valued at about $110,000. Tower Research Capital LLC TRC acquired a new position in shares of Crown during the second quarter valued at about $187,000. Finally, Pennsylvania Trust Co acquired a new position in shares of Crown during the third quarter valued at about $202,000.
Crown Company Profile
Crown Holdings, Inc designs, manufactures, and sells packaging products for consumer goods in the Americas, Europe, and the Asia Pacific. Its primary products include steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage products; and metal vacuum closures, steel crowns and caps.
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