Somewhat Positive Press Coverage Somewhat Unlikely to Affect Crown Holdings (CCK) Share Price
Headlines about Crown Holdings (NYSE:CCK) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Crown Holdings earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 45.4598564599492 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Crown Holdings (NYSE:CCK) opened at 60.38 on Friday. Crown Holdings has a 12-month low of $51.57 and a 12-month high of $61.39. The stock has a market cap of $8.17 billion, a PE ratio of 17.30 and a beta of 1.40. The firm has a 50 day moving average price of $59.23 and a 200 day moving average price of $57.58.
Crown Holdings (NYSE:CCK) last released its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.15 billion. Crown Holdings had a return on equity of 66.28% and a net margin of 5.81%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.19 earnings per share. On average, equities analysts expect that Crown Holdings will post $4.03 EPS for the current year.
Several research analysts have commented on CCK shares. BidaskClub upgraded Crown Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Vertical Research downgraded Crown Holdings from a “buy” rating to a “hold” rating and raised their target price for the stock from $60.00 to $64.00 in a research note on Friday, July 21st. Jefferies Group LLC set a $70.00 target price on Crown Holdings and gave the stock a “buy” rating in a research note on Monday, August 28th. ValuEngine upgraded Crown Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Finally, KeyCorp restated a “hold” rating on shares of Crown Holdings in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $64.56.
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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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