Crown Holdings (CCK) Earns News Sentiment Score of 0.27
News articles about Crown Holdings (NYSE:CCK) have been trending positive on Saturday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Crown Holdings earned a coverage optimism score of 0.27 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.2598705888232 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Crown Holdings, Inc. breached its 50 day moving average in a Bullish Manner : CCK-US : September 1, 2017 (finance.yahoo.com)
- Crown Holdings, Inc. (CCK) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Crown Holdings, Inc. (CCK) Expected to Post Quarterly Sales of $2.40 Billion (americanbankingnews.com)
- Crown Holdings, Inc. (CCK) Given a $70.00 Price Target at Jefferies Group LLC (americanbankingnews.com)
- Critical Survey: Multi Packaging Solutions Intrntnl (MPSX) and Crown Holdings (CCK) (americanbankingnews.com)
Crown Holdings (NYSE CCK) opened at 59.26 on Friday. The firm has a market cap of $8.02 billion, a PE ratio of 16.98 and a beta of 1.39. Crown Holdings has a 12-month low of $51.57 and a 12-month high of $60.96. The stock’s 50 day moving average price is $58.80 and its 200-day moving average price is $56.48.
Crown Holdings (NYSE:CCK) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.02. The company 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 firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the company earned $1.19 earnings per share. Equities research analysts anticipate that Crown Holdings will post $4.03 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the company. Zacks Investment Research raised Crown Holdings from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Tuesday, June 6th. BidaskClub cut Crown Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Jefferies Group LLC set a $70.00 price objective on Crown Holdings and gave the company a “buy” rating in a report on Monday, August 28th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $61.00 price objective (up from $58.00) on shares of Crown Holdings in a report on Tuesday, July 18th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Crown Holdings in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Crown Holdings has a consensus rating of “Hold” and a consensus price target 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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