Crown (CCK) Getting Somewhat Positive News Coverage, Study Shows

News articles about Crown (NYSE:CCK) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Crown earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.8685675616196 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Shares of NYSE CCK traded up $0.09 during trading hours on Friday, hitting $51.29. 2,710,252 shares of the stock were exchanged, compared to its average volume of 1,560,865. The company has a quick ratio of 0.52, a current ratio of 0.95 and a debt-to-equity ratio of 5.65. The firm has a market cap of $6,876.64, a PE ratio of 12.73, a price-to-earnings-growth ratio of 1.64 and a beta of 1.43. Crown has a 12 month low of $48.26 and a 12 month high of $62.27.

Crown (NYSE:CCK) last released its earnings results on Wednesday, April 18th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.14. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.06 billion. Crown had a net margin of 3.40% and a return on equity of 57.88%. Crown’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. equities research analysts anticipate that Crown will post 4.45 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on CCK shares. Zacks Investment Research lowered shares of Crown from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. ValuEngine lowered shares of Crown from a “buy” rating to a “hold” rating in a report on Friday, February 9th. TheStreet lowered shares of Crown from a “b” rating to a “c” rating in a research note on Thursday, February 8th. Barclays boosted their price objective on shares of Crown from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, March 26th. Finally, Citigroup reduced their price objective on shares of Crown from $69.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, April 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $63.67.

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About Crown

Crown Holdings, Inc designs, manufactures, and sells packaging products for consumer goods in the Americas, Europe, and the Asia Pacific. Its primary products include steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage products; and metal vacuum closures, steel crowns and caps.

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