Crown (CCK) Earns Hold Rating from KeyCorp

KeyCorp restated their hold rating on shares of Crown (NYSE:CCK) in a report published on Tuesday.

Several other research analysts have also recently issued reports on the stock. ValuEngine cut shares of Crown from a buy rating to a hold rating in a report on Thursday, November 30th. UBS assumed coverage on shares of Crown in a research report on Wednesday, November 29th. They issued a neutral rating and a $65.00 price target for the company. Barclays upped their price target on shares of Crown from $69.00 to $70.00 and gave the company an overweight rating in a research report on Friday, October 20th. Wells Fargo & Company upped their price target on shares of Crown from $57.00 to $60.00 and gave the company a market perform rating in a research report on Friday, October 20th. Finally, Zacks Investment Research downgraded shares of Crown from a buy rating to a hold rating in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $64.27.

Crown (CCK) opened at $56.25 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.57 and a debt-to-equity ratio of 4.60. Crown has a twelve month low of $51.76 and a twelve month high of $62.27. The company has a market cap of $7,597.16, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 2.01 and a beta of 1.42.

Crown (NYSE:CCK) last posted its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.41 EPS for the quarter, hitting the consensus estimate of $1.41. Crown had a net margin of 5.64% and a return on equity of 60.44%. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the business posted $1.33 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. equities analysts forecast that Crown will post 4.03 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank grew its stake in Crown by 12.1% in the 2nd quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 185 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Crown by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,103 shares of the industrial products company’s stock worth $304,000 after purchasing an additional 351 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Crown by 1.8% during the 2nd quarter. Stifel Financial Corp now owns 22,247 shares of the industrial products company’s stock worth $1,329,000 after purchasing an additional 395 shares during the last quarter. Commerce Bank boosted its stake in shares of Crown by 1.8% during the 2nd quarter. Commerce Bank now owns 30,261 shares of the industrial products company’s stock worth $1,805,000 after purchasing an additional 536 shares during the last quarter. Finally, GAM Holding AG boosted its position in shares of Crown by 10.5% in the second quarter. GAM Holding AG now owns 6,226 shares of the industrial products company’s stock worth $371,000 after acquiring an additional 594 shares during the last quarter. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

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About Crown

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 (NYSE:CCK)

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