Shares of Crown Holdings, Inc. (NYSE:CCK) have earned an average rating of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $64.25.

A number of brokerages have commented on CCK. Zacks Investment Research cut Crown Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Crown Holdings in a report on Wednesday, May 24th. Royal Bank Of Canada reiterated a “buy” rating and issued a $62.00 price objective on shares of Crown Holdings in a research report on Monday, June 5th. ValuEngine lowered Crown Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, BidaskClub lowered Crown Holdings from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th.

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Institutional investors have recently modified their holdings of the stock. Creative Planning raised its holdings in Crown Holdings by 1.3% in the 2nd quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 23 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Crown Holdings by 1.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,625 shares of the industrial products company’s stock worth $668,000 after buying an additional 144 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Crown Holdings by 0.7% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,053 shares of the industrial products company’s stock worth $1,115,000 after buying an additional 152 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Crown Holdings by 12.1% during the 2nd quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock worth $102,000 after buying an additional 185 shares during the last quarter. Finally, James Investment Research Inc. increased its holdings in shares of Crown Holdings by 2.0% during the 2nd quarter. James Investment Research Inc. now owns 17,700 shares of the industrial products company’s stock worth $1,056,000 after buying an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 90.15% of the company’s stock.

Crown Holdings (NYSE CCK) traded up 0.39% on Wednesday, hitting $59.26. The stock had a trading volume of 586,158 shares. The company has a market cap of $8.02 billion, a price-to-earnings ratio of 16.98 and a beta of 1.39. Crown Holdings has a 52-week low of $51.57 and a 52-week high of $60.96. The company has a 50 day moving average price of $58.80 and a 200-day moving average price of $56.48.

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

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.

Analyst Recommendations for Crown Holdings (NYSE:CCK)

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