Crown Holdings, Inc. (NYSE:CCK) has been given an average rating of “Hold” by the thirteen research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $60.67.

Several analysts have weighed in on CCK shares. Wells Fargo & Co set a $65.00 target price on Crown and gave the company a “buy” rating in a research note on Wednesday, April 17th. Royal Bank of Canada lifted their target price on Crown from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. TheStreet raised Crown from a “c+” rating to a “b-” rating in a research note on Friday, March 1st. ValuEngine raised Crown from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, Deutsche Bank set a $60.00 target price on Crown and gave the company a “buy” rating in a research note on Friday, February 8th.

Crown stock traded up $0.28 during mid-day trading on Friday, hitting $60.00. 18,856 shares of the company’s stock traded hands, compared to its average volume of 1,354,275. The company has a debt-to-equity ratio of 5.87, a current ratio of 1.20 and a quick ratio of 0.65. The company has a market capitalization of $8.13 billion, a P/E ratio of 11.54, a PEG ratio of 1.62 and a beta of 1.66. Crown has a one year low of $39.05 and a one year high of $61.40.

Crown (NYSE:CCK) last announced its earnings results on Wednesday, April 17th. The industrial products company reported $1.05 earnings per share for the quarter, meeting the consensus estimate of $1.05. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.76 billion. Crown had a return on equity of 54.33% and a net margin of 3.86%. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. On average, research analysts expect that Crown will post 5.29 earnings per share for the current fiscal year.

In other news, Director John W. Conway sold 129,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $58.06, for a total value of $7,489,740.00. Following the sale, the director now owns 1,156,677 shares of the company’s stock, valued at approximately $67,156,666.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of CCK. Prudential Financial Inc. grew its holdings in shares of Crown by 2.4% in the 4th quarter. Prudential Financial Inc. now owns 8,385 shares of the industrial products company’s stock worth $349,000 after acquiring an additional 200 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Crown by 0.7% in the 4th quarter. Great West Life Assurance Co. Can now owns 36,251 shares of the industrial products company’s stock worth $1,437,000 after acquiring an additional 235 shares during the last quarter. Utah Retirement Systems grew its holdings in shares of Crown by 1.2% in the 1st quarter. Utah Retirement Systems now owns 24,392 shares of the industrial products company’s stock worth $1,331,000 after acquiring an additional 293 shares during the last quarter. Private Capital Group LLC grew its holdings in shares of Crown by 43.4% in the 4th quarter. Private Capital Group LLC now owns 991 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 300 shares during the last quarter. Finally, Atlas Capital Advisors LLC grew its holdings in shares of Crown by 16.7% in the 1st quarter. Atlas Capital Advisors LLC now owns 2,100 shares of the industrial products company’s stock worth $115,000 after acquiring an additional 300 shares during the last quarter. 98.63% of the stock is currently owned by institutional investors.

Crown Company Profile

Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.

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Analyst Recommendations for Crown (NYSE:CCK)

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