Crown (CCK) Receives “Buy” Rating from Credit Suisse Group
Credit Suisse Group restated their buy rating on shares of Crown (NYSE:CCK) in a research report report published on Friday morning. They currently have a $57.00 target price on the industrial products company’s stock.
Several other equities analysts also recently commented on CCK. Zacks Investment Research upgraded shares of Crown from a sell rating to a hold rating in a report on Monday, August 13th. Bank of America upped their price target on shares of Crown from $51.00 to $57.00 and gave the company a hold rating in a report on Monday, September 24th. ValuEngine upgraded shares of Crown from a strong sell rating to a sell rating in a report on Wednesday, October 3rd. TheStreet upgraded shares of Crown from a c+ rating to a b- rating in a report on Wednesday, October 10th. Finally, KeyCorp reiterated a hold rating on shares of Crown in a report on Thursday, October 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $60.56.
Shares of Crown stock traded down $0.03 during trading hours on Friday, reaching $48.00. The company’s stock had a trading volume of 1,404,930 shares, compared to its average volume of 1,482,960. Crown has a one year low of $40.09 and a one year high of $62.27. The company has a quick ratio of 0.68, a current ratio of 1.14 and a debt-to-equity ratio of 6.82. The company has a market cap of $6.49 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 1.32 and a beta of 1.47.
A number of institutional investors have recently added to or reduced their stakes in CCK. Columbia Asset Management purchased a new stake in Crown in the 3rd quarter valued at about $110,000. Tower Research Capital LLC TRC purchased a new stake in Crown in the 2nd quarter valued at about $187,000. Pennsylvania Trust Co purchased a new stake in Crown in the 3rd quarter valued at about $202,000. Oppenheimer Asset Management Inc. purchased a new stake in Crown in the 2nd quarter valued at about $218,000. Finally, Cornerstone Wealth Management LLC purchased a new stake in Crown in the 2nd quarter valued at about $220,000.
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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