Jefferies Group LLC set a $70.00 price objective on Crown Holdings, Inc. (NYSE:CCK) in a report published on Monday morning. The brokerage currently has a buy rating on the industrial products company’s stock.

A number of other analysts have also commented on the stock. Zacks Investment Research lowered shares of Crown Holdings from a buy rating to a hold rating in a research note on Tuesday, August 1st. BidaskClub lowered shares of Crown Holdings from a hold rating to a sell rating in a research note on Monday, July 31st. Barclays PLC restated an overweight rating and set a $69.00 price target (up previously from $63.00) on shares of Crown Holdings in a research note on Monday, July 24th. Vertical Research lowered shares of Crown Holdings from a buy rating to a hold rating and boosted their price target for the company from $60.00 to $64.00 in a research note on Friday, July 21st. Finally, KeyCorp reiterated a hold rating on shares of Crown Holdings in a research note on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $64.56.

Crown Holdings (NYSE:CCK) opened at 59.03 on Monday. The stock’s 50 day moving average is $58.81 and its 200 day moving average is $56.44. The company has a market cap of $7.99 billion, a PE ratio of 16.91 and a beta of 1.39. Crown Holdings has a 12 month low of $51.57 and a 12 month high of $60.96.

Crown Holdings (NYSE:CCK) last announced its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.02. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.15 billion. Crown Holdings had a net margin of 5.81% and a return on equity of 66.28%. Crown Holdings’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.19 EPS. Equities analysts predict that Crown Holdings will post $4.03 earnings per share for the current year.

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Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Crown Holdings by 3.9% in the first quarter. Vanguard Group Inc. now owns 11,951,527 shares of the industrial products company’s stock worth $632,833,000 after buying an additional 453,693 shares during the period. Lazard Asset Management LLC increased its position in shares of Crown Holdings by 8.7% in the second quarter. Lazard Asset Management LLC now owns 10,225,857 shares of the industrial products company’s stock worth $610,074,000 after buying an additional 819,689 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Crown Holdings by 3.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,079,572 shares of the industrial products company’s stock worth $480,762,000 after buying an additional 338,416 shares during the period. BlackRock Inc. increased its position in shares of Crown Holdings by 5,730.2% in the first quarter. BlackRock Inc. now owns 8,156,399 shares of the industrial products company’s stock worth $431,880,000 after buying an additional 8,016,500 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Crown Holdings by 6,932.0% in the second quarter. Janus Henderson Group PLC now owns 6,536,851 shares of the industrial products company’s stock worth $389,988,000 after buying an additional 6,443,892 shares during the period. Hedge funds and other institutional investors own 90.15% of the company’s stock.

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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