Crown Holdings, Inc. (CCK) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Crown Holdings, Inc. (NYSE:CCK) have received an average recommendation of “Buy” from the eleven analysts that are covering the firm. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $62.00.
Several research analysts recently weighed in on CCK shares. Zacks Investment Research cut Crown Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th. Jefferies Group LLC reaffirmed a “buy” rating and set a $62.00 target price on shares of Crown Holdings in a research note on Sunday, April 2nd. Credit Suisse Group AG set a $60.00 target price on Crown Holdings and gave the company a “hold” rating in a research note on Thursday, February 16th. Barclays PLC reduced their target price on Crown Holdings from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Monday, February 6th. Finally, Citigroup Inc reaffirmed a “buy” rating and set a $63.00 target price (up from $62.00) on shares of Crown Holdings in a report on Friday, April 14th.
Crown Holdings (NYSE:CCK) traded up 0.58% during mid-day trading on Friday, reaching $55.07. 1,366,765 shares of the company’s stock traded hands. The stock has a market capitalization of $7.63 billion, a PE ratio of 15.47 and a beta of 1.35. The stock’s 50 day moving average is $53.35 and its 200-day moving average is $53.74. Crown Holdings has a 52 week low of $48.04 and a 52 week high of $57.49.
Crown Holdings (NYSE:CCK) last announced its earnings results on Wednesday, April 19th. The industrial products company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.02. Crown Holdings had a return on equity of 83.94% and a net margin of 5.99%. The business earned $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the business posted $0.69 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, equities analysts anticipate that Crown Holdings will post $3.92 EPS for the current year.
In related news, insider Thomas A. Kelly sold 40,000 shares of the stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $53.18, for a total value of $2,127,200.00. Following the completion of the sale, the insider now directly owns 115,256 shares of the company’s stock, valued at approximately $6,129,314.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Acrospire Investment Management LLC increased its stake in Crown Holdings by 28.6% in the third quarter. Acrospire Investment Management LLC now owns 1,800 shares of the industrial products company’s stock worth $103,000 after buying an additional 400 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in Crown Holdings by 10.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,970 shares of the industrial products company’s stock worth $105,000 after buying an additional 191 shares during the period. Massmutual Trust Co. FSB ADV purchased a new stake in Crown Holdings during the fourth quarter worth $112,000. Fuller & Thaler Asset Management Inc. increased its stake in Crown Holdings by 109.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,300 shares of the industrial products company’s stock worth $131,000 after buying an additional 1,200 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in Crown Holdings by 16.7% in the third quarter. Tower Research Capital LLC TRC now owns 3,356 shares of the industrial products company’s stock worth $192,000 after buying an additional 480 shares during the period. 90.76% of the stock is owned by institutional investors.
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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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