Barclays PLC Reaffirms “Overweight” Rating for Crown Holdings, Inc. (NYSE:CCK)

Crown Holdings, Inc. (NYSE:CCK)‘s stock had its “overweight” rating reiterated by Barclays PLC in a report issued on Monday, July 24th. They currently have a $69.00 price objective on the industrial products company’s stock, up from their previous price objective of $63.00. Barclays PLC’s price target indicates a potential upside of 19.60% from the company’s previous close.

Several other research analysts have also weighed in on the company. Zacks Investment Research upgraded Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Monday, July 24th. Vertical Research lowered Crown Holdings from a “buy” rating to a “hold” rating and increased their price objective for the stock from $60.00 to $64.00 in a research report on Friday, July 21st. KeyCorp reiterated a “hold” rating on shares of Crown Holdings in a research report on Thursday, July 20th. Deutsche Bank AG restated a “hold” rating and set a $61.00 price target (up from $58.00) on shares of Crown Holdings in a research report on Tuesday, July 18th. Finally, Jefferies Group LLC restated a “buy” rating and set a $70.00 price target (up from $63.00) on shares of Crown Holdings in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $64.56.

Shares of Crown Holdings (CCK) opened at 57.69 on Monday. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 16.53 and a beta of 1.39. The company’s 50 day moving average price is $59.36 and its 200-day moving average price is $56.17. Crown Holdings has a 52 week low of $51.57 and a 52 week high of $60.96.

Crown Holdings (NYSE:CCK) last issued its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.02. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.15 billion. Crown Holdings had a return on equity of 66.28% and a net margin of 5.81%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 earnings per share. Analysts anticipate that Crown Holdings will post $4.03 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Barclays PLC Reaffirms “Overweight” Rating for Crown Holdings, Inc. (NYSE:CCK)” was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.com-unik.info/2017/08/19/crown-holdings-nysecck-overweight-rating-reiterated-at-barclays-plc-updated-updated-updated.html.

Several hedge funds have recently made changes to their positions in CCK. Comerica Bank boosted its stake in shares of Crown Holdings by 58.8% in the fourth quarter. Comerica Bank now owns 13,966 shares of the industrial products company’s stock valued at $764,000 after buying an additional 5,170 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Crown Holdings by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 409,301 shares of the industrial products company’s stock worth $21,518,000 after buying an additional 11,821 shares in the last quarter. FMR LLC boosted its stake in Crown Holdings by 27.8% in the fourth quarter. FMR LLC now owns 123,291 shares of the industrial products company’s stock worth $6,482,000 after buying an additional 26,851 shares in the last quarter. 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 worth $626,000 after buying an additional 100 shares in the last quarter. 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 worth $105,000 after buying an additional 191 shares in the last quarter. Institutional investors and hedge funds own 92.98% of the company’s stock.

About Crown Holdings

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)

What are top analysts saying about Crown Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Crown Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit