Brokerages Set Crown Holdings, Inc. (CCK) Target Price at $64.25

Crown Holdings, Inc. (NYSE:CCK) has been assigned an average rating of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $63.89.

Several analysts have weighed in on CCK shares. BidaskClub raised shares of Crown Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Vertical Research downgraded shares of Crown Holdings from a “buy” rating to a “hold” rating and boosted their target price for the stock from $60.00 to $64.00 in a research report on Friday, July 21st. Jefferies Group LLC set a $70.00 target price on shares of Crown Holdings and gave the stock a “buy” rating in a research report on Monday, August 28th. ValuEngine raised shares of Crown Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Finally, BMO Capital Markets reissued a “buy” rating and set a $65.00 target price on shares of Crown Holdings in a research report on Monday, September 4th.

COPYRIGHT VIOLATION WARNING: This story was originally reported by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/2977395/brokerages-set-crown-holdings-inc-cck-target-price-at-64-25.html.

Several hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its holdings in shares of Crown Holdings by 8.7% in the 2nd quarter. Lazard Asset Management LLC now owns 10,225,857 shares of the industrial products company’s stock valued at $610,074,000 after acquiring an additional 819,689 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Crown Holdings by 5,730.2% in the 1st quarter. BlackRock Inc. now owns 8,156,399 shares of the industrial products company’s stock valued at $431,880,000 after acquiring an additional 8,016,500 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Crown Holdings by 6,932.0% in the 2nd quarter. Janus Henderson Group PLC now owns 6,536,851 shares of the industrial products company’s stock valued at $389,988,000 after acquiring an additional 6,443,892 shares during the last quarter. Boston Partners boosted its holdings in shares of Crown Holdings by 1.2% in the 2nd quarter. Boston Partners now owns 5,560,782 shares of the industrial products company’s stock valued at $331,756,000 after acquiring an additional 64,738 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Crown Holdings by 17.1% in the 2nd quarter. Victory Capital Management Inc. now owns 4,005,148 shares of the industrial products company’s stock valued at $238,947,000 after acquiring an additional 584,647 shares during the last quarter. 90.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of Crown Holdings (NYSE CCK) traded up 0.31% during midday trading on Thursday, reaching $60.87. 987,414 shares of the company traded hands. The company has a 50 day moving average price of $60.16 and a 200 day moving average price of $58.17. The company has a market capitalization of $8.17 billion, a PE ratio of 17.44 and a beta of 1.40. Crown Holdings has a 1-year low of $51.57 and a 1-year high of $61.61.

Crown Holdings (NYSE:CCK) last released its earnings results on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share for the quarter, hitting the consensus estimate of $1.41. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.39 billion. Crown Holdings had a net margin of 5.64% and a return on equity of 65.80%. Crown Holdings’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.33 EPS. On average, analysts expect that Crown Holdings will post $4.04 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)

Receive News & Ratings for Crown Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.