KeyCorp reiterated their hold rating on shares of Crown Holdings, Inc. (NYSE:CCK) in a research note released on Thursday, October 19th.
A number of other research analysts have also recently weighed in on CCK. Zacks Investment Research upgraded Crown Holdings from a hold rating to a buy rating and set a $68.00 target price on the stock in a report on Thursday, September 21st. Deutsche Bank AG reiterated a hold rating and issued a $61.00 target price (up previously from $58.00) on shares of Crown Holdings in a report on Tuesday, July 18th. Barclays PLC reiterated an overweight rating and issued a $69.00 target price (up previously from $63.00) on shares of Crown Holdings in a report on Monday, July 24th. Vertical Research cut Crown Holdings from a buy rating to a hold rating and lifted their target price for the company from $60.00 to $64.00 in a report on Friday, July 21st. Finally, Jefferies Group LLC reiterated a buy rating and issued a $70.00 target price (up previously from $63.00) on shares of Crown Holdings in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Crown Holdings has an average rating of Hold and a consensus target price of $64.20.
Crown Holdings (NYSE CCK) traded down 0.44% during midday trading on Thursday, hitting $59.27. 872,460 shares of the stock traded hands. Crown Holdings has a 12 month low of $51.57 and a 12 month high of $61.61. The stock has a market cap of $8.02 billion, a PE ratio of 16.98 and a beta of 1.40. The company has a 50-day moving average of $60.27 and a 200-day moving average of $58.41.
Crown Holdings (NYSE:CCK) last posted its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. Crown Holdings had a return on equity of 65.80% and a net margin of 5.64%. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the firm earned $1.33 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. On average, equities research analysts anticipate that Crown Holdings will post $4.03 earnings per share for the current year.
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Several institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning lifted its stake in shares of Crown Holdings by 1.3% during the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 23 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Crown Holdings by 1.2% during the first quarter. PNC Financial Services Group Inc. now owns 12,625 shares of the industrial products company’s stock worth $668,000 after acquiring an additional 144 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Crown Holdings by 12.1% during the second quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 185 shares during the last quarter. James Investment Research Inc. increased its position in shares of Crown Holdings by 2.0% during the second quarter. James Investment Research Inc. now owns 17,700 shares of the industrial products company’s stock worth $1,056,000 after acquiring an additional 340 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Crown Holdings by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 5,103 shares of the industrial products company’s stock worth $304,000 after acquiring an additional 351 shares during the last quarter. Institutional investors own 90.21% of the company’s stock.
About Crown Holdings
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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