Crown Holdings, Inc. (CCK) Earns Hold Rating from KeyCorp
Several other equities research analysts also recently weighed in on CCK. Zacks Investment Research downgraded shares of Crown Holdings from a buy rating to a hold rating in a research note on Tuesday, August 1st. Jefferies Group LLC reaffirmed a buy rating and set a $70.00 target price (up from $63.00) on shares of Crown Holdings in a research note on Friday, July 14th. Deutsche Bank AG reaffirmed a hold rating and set a $61.00 target price (up from $58.00) on shares of Crown Holdings in a research note on Tuesday, July 18th. BidaskClub downgraded shares of Crown Holdings from a buy rating to a hold rating in a research note on Thursday, July 13th. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $62.00 target price on shares of Crown Holdings in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Crown Holdings currently has a consensus rating of Hold and an average price target of $64.20.
Crown Holdings (CCK) opened at 60.87 on Thursday. The company’s 50-day moving average is $60.16 and its 200 day moving average is $58.17. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 17.44 and a beta of 1.40. Crown Holdings has a one year low of $51.57 and a one year high of $61.61.
Crown Holdings (NYSE:CCK) last announced its earnings results on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share for the quarter, hitting the consensus estimate of $1.41. Crown Holdings had a net margin of 5.64% and a return on equity of 65.80%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the firm earned $1.33 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities analysts expect that Crown Holdings will post $4.04 EPS for the current year.
Several large investors have recently made changes to their positions in CCK. Toronto Dominion Bank increased its position in shares of Crown Holdings by 12.1% in the 2nd quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 185 shares during the last quarter. Creative Planning increased its position in shares of Crown Holdings by 1.3% in the 2nd quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 23 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Crown Holdings in the 1st quarter valued at approximately $207,000. Oakbrook Investments LLC purchased a new stake in shares of Crown Holdings in the 3rd quarter valued at approximately $207,000. Finally, Achmea Investment Management B.V. purchased a new stake in shares of Crown Holdings in the 1st quarter valued at approximately $227,000. 90.15% of the stock is currently owned by institutional investors.
Crown Holdings Company Profile
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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