Brokerages Set Crown Holdings, Inc. (CCK) Target Price at $63.89

Crown Holdings, Inc. (NYSE:CCK) has been assigned an average recommendation of “Hold” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $63.89.

A number of brokerages have recently commented on CCK. KeyCorp reaffirmed a “hold” rating on shares of Crown Holdings in a research note on Friday, November 10th. Barclays PLC upped their price target on Crown Holdings from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. Wells Fargo & Company upped their price target on Crown Holdings from $57.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Zacks Investment Research cut Crown Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $65.00 price target on shares of Crown Holdings in a research note on Monday, September 4th.

Crown Holdings (CCK) traded up $0.90 during trading on Monday, reaching $59.21. 476,701 shares of the company’s stock were exchanged, compared to its average volume of 793,742. The company has a current ratio of 1.04, a quick ratio of 0.57 and a debt-to-equity ratio of 4.60. Crown Holdings has a 52 week low of $51.57 and a 52 week high of $61.61. The firm has a market cap of $7,912.70, a P/E ratio of 14.88, a PEG ratio of 2.09 and a beta of 1.44.

Crown Holdings (NYSE:CCK) last announced its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.41 EPS for the quarter, meeting analysts’ consensus estimates of $1.41. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Crown Holdings had a return on equity of 60.44% and a net margin of 5.64%. Crown Holdings’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 EPS. research analysts expect that Crown Holdings will post 4.03 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC increased its stake in Crown Holdings by 8.7% during the 2nd quarter. Lazard Asset Management LLC now owns 10,225,857 shares of the industrial products company’s stock worth $610,074,000 after purchasing an additional 819,689 shares in the last quarter. Janus Henderson Group PLC increased its stake in Crown Holdings by 6,932.0% during the 2nd quarter. Janus Henderson Group PLC now owns 6,536,851 shares of the industrial products company’s stock worth $389,988,000 after purchasing an additional 6,443,892 shares in the last quarter. Boston Partners increased its stake in Crown Holdings by 1.2% during the 2nd quarter. Boston Partners now owns 5,560,782 shares of the industrial products company’s stock worth $331,756,000 after purchasing an additional 64,738 shares in the last quarter. Victory Capital Management Inc. boosted its position in Crown Holdings by 2.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,110,252 shares of the industrial products company’s stock worth $245,464,000 after acquiring an additional 105,104 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Crown Holdings by 1.9% during the 3rd quarter. Nordea Investment Management AB now owns 2,080,675 shares of the industrial products company’s stock worth $124,258,000 after acquiring an additional 38,310 shares during the last quarter. 91.37% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Crown Holdings (NYSE:CCK)

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