Crown Holdings, Inc. (NYSE:CCK) has earned a consensus recommendation of “Buy” from the eleven brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $63.11.

A number of equities research analysts have issued reports on the stock. Jefferies Group LLC reissued a “buy” rating and set a $70.00 target price (up previously from $63.00) on shares of Crown Holdings in a report on Friday. BidaskClub cut shares of Crown Holdings from a “buy” rating to a “hold” rating in a report on Thursday. Royal Bank Of Canada reissued a “buy” rating and set a $62.00 target price on shares of Crown Holdings in a report on Wednesday. Zacks Investment Research raised shares of Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Monday, July 10th. Finally, ValuEngine raised shares of Crown Holdings from a “hold” rating to a “buy” rating in a report on Friday, June 30th.

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In other news, VP David A. Beaver sold 1,000 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $56.05, for a total transaction of $56,050.00. Following the completion of the transaction, the vice president now directly owns 2,398 shares in the company, valued at approximately $134,407.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jenne K. Britell sold 4,525 shares of the business’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $55.65, for a total transaction of $251,816.25. Following the transaction, the director now owns 50,038 shares of the company’s stock, valued at $2,784,614.70. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank raised its position in Crown Holdings by 58.8% in the fourth quarter. Comerica Bank now owns 13,966 shares of the industrial products company’s stock worth $764,000 after buying an additional 5,170 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Crown Holdings by 1.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 3,932 shares of the industrial products company’s stock worth $207,000 after buying an additional 52 shares during the period. Dimensional Fund Advisors LP raised its position in Crown Holdings by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 409,301 shares of the industrial products company’s stock worth $21,518,000 after buying an additional 11,821 shares during the period. FMR LLC raised its position in Crown Holdings by 27.8% in the fourth quarter. FMR LLC now owns 123,291 shares of the industrial products company’s stock worth $6,482,000 after buying an additional 26,851 shares during the period. Finally, New York State Teachers Retirement System raised its position in Crown Holdings by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 11,900 shares of the industrial products company’s stock worth $626,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Crown Holdings (NYSE CCK) traded up 1.23% during trading on Tuesday, hitting $60.23. The stock had a trading volume of 634,474 shares. The firm has a market capitalization of $8.20 billion, a PE ratio of 15.93 and a beta of 1.40. Crown Holdings has a 1-year low of $51.15 and a 1-year high of $60.28. The firm has a 50 day moving average price of $57.51 and a 200-day moving average price of $54.76.

Crown Holdings (NYSE:CCK) last issued its earnings results on Wednesday, April 19th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Crown Holdings had a net margin of 6.32% and a return on equity of 75.25%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The business’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts expect that Crown Holdings will post $3.96 EPS for the current year.

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.

Analyst Recommendations for Crown Holdings (NYSE:CCK)

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