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.
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