Crown Holdings, Inc. (NYSE:CCK)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank AG in a research note issued to investors on Tuesday, July 18th. They currently have a $61.00 price target on the industrial products company’s stock, up from their prior price target of $58.00. Deutsche Bank AG’s price target points to a potential upside of 4.88% from the stock’s previous close.
A number of other analysts also recently commented on CCK. Jefferies Group LLC restated a “buy” rating and issued a $62.00 target price on shares of Crown Holdings in a research note on Sunday, April 2nd. BMO Capital Markets reiterated a “buy” rating and set a $65.00 price target on shares of Crown Holdings in a research report on Wednesday, April 12th. Citigroup Inc. reiterated a “buy” rating and set a $63.00 price target (up previously from $62.00) on shares of Crown Holdings in a research report on Friday, April 14th. Zacks Investment Research downgraded Crown Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $62.00 price target on shares of Crown Holdings in a research report on Monday, June 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Crown Holdings presently has a consensus rating of “Hold” and an average target price of $64.56.
Crown Holdings (NYSE:CCK) traded up 0.03% on Tuesday, hitting $58.16. The stock had a trading volume of 625,351 shares. The stock has a market cap of $7.87 billion, a P/E ratio of 16.66 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 company’s 50 day moving average is $59.42 and its 200-day moving average is $56.02.
Crown Holdings (NYSE:CCK) last issued its earnings results on Wednesday, July 19th. The industrial products company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. Crown Holdings had a return on equity of 66.28% and a net margin of 5.81%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the prior year, the business earned $1.19 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. Analysts forecast that Crown Holdings will post $4.03 EPS for the current year.
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In related news, VP David A. Beaver sold 1,000 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $56.05, for a total value of $56,050.00. Following the completion of the sale, the vice president now owns 2,398 shares of the company’s stock, valued at $134,407.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the company. Creative Planning boosted its stake in Crown Holdings by 1.3% in the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock valued at $105,000 after buying an additional 23 shares during the period. New York State Teachers Retirement System boosted its stake in Crown Holdings by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 11,900 shares of the industrial products company’s stock valued at $626,000 after buying an additional 100 shares during the period. PNC Financial Services Group Inc. boosted its stake in Crown Holdings by 1.2% in the first quarter. PNC Financial Services Group Inc. now owns 12,625 shares of the industrial products company’s stock valued at $668,000 after buying an additional 144 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Crown Holdings by 0.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,053 shares of the industrial products company’s stock valued at $1,115,000 after buying an additional 152 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in Crown Holdings by 10.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,970 shares of the industrial products company’s stock valued at $105,000 after buying an additional 191 shares during the period. 92.46% of the stock is owned by institutional investors.
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.
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