Crown Holdings, Inc. (NYSE:CCK) Receives Average Rating of “Buy” from Analysts

Shares of Crown Holdings, Inc. (NYSE:CCK) have been assigned a consensus rating of “Buy” from the twelve analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $64.50.

CCK has been the topic of several research analyst reports. ValuEngine upgraded Crown from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Co set a $70.00 price objective on Crown and gave the company a “hold” rating in a research report on Friday, May 17th. Robert W. Baird set a $65.00 price objective on Crown and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Citigroup boosted their price objective on Crown from $70.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, July 11th.

In other news, COO Gerard H. Gifford sold 10,000 shares of Crown stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $60.79, for a total value of $607,900.00. Following the sale, the chief operating officer now directly owns 152,292 shares of the company’s stock, valued at $9,257,830.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company’s stock.



Several hedge funds have recently modified their holdings of the company. HM Payson & Co. bought a new stake in Crown during the second quarter worth approximately $31,000. Advisory Services Network LLC bought a new stake in Crown during the first quarter worth approximately $32,000. Rockefeller Capital Management L.P. increased its stake in Crown by 53.2% during the second quarter. Rockefeller Capital Management L.P. now owns 691 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 240 shares during the last quarter. Oakworth Capital Inc. bought a new stake in Crown during the second quarter worth approximately $42,000. Finally, First Personal Financial Services increased its stake in Crown by 73.7% during the second quarter. First Personal Financial Services now owns 1,002 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 425 shares during the last quarter.

Shares of Crown stock traded down $1.10 during trading hours on Friday, hitting $65.58. The company’s stock had a trading volume of 614,777 shares, compared to its average volume of 1,431,286. The business has a 50 day moving average price of $63.73 and a two-hundred day moving average price of $58.60. Crown has a 12-month low of $39.05 and a 12-month high of $68.84. The company has a market cap of $9.04 billion, a PE ratio of 12.61, a PEG ratio of 1.87 and a beta of 1.58. The company has a debt-to-equity ratio of 5.13, a quick ratio of 0.66 and a current ratio of 1.17.

Crown (NYSE:CCK) last announced its quarterly earnings data on Wednesday, July 17th. The industrial products company reported $1.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by ($0.03). Crown had a net margin of 3.91% and a return on equity of 48.36%. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share. Crown’s revenue was down .4% on a year-over-year basis. As a group, research analysts anticipate that Crown will post 5.09 earnings per share for the current year.

Crown Company Profile

Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.

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Analyst Recommendations for Crown (NYSE:CCK)

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