Crown Holdings, Inc. (NYSE:CCK) shares traded down 5.3% during trading on Thursday . The stock traded as low as $52.17 and last traded at $52.20. 3,361,815 shares changed hands during trading, an increase of 70% from the average session volume of 1,973,441 shares. The stock had previously closed at $55.14.
Several research analysts have commented on the stock. Barclays boosted their price objective 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 & Co boosted their price objective 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. KeyCorp restated a “hold” rating on shares of Crown in a research report on Thursday, October 19th. ValuEngine downgraded shares of Crown from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, UBS Group began coverage on shares of Crown in a report on Wednesday, November 29th. They set a “neutral” rating and a $65.00 price target for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $64.27.
The stock has a market cap of $7,009.19, a price-to-earnings ratio of 21.66, a PEG ratio of 1.71 and a beta of 1.42. The company has a debt-to-equity ratio of 4.60, a current ratio of 1.04 and a quick ratio of 0.57.
Several large investors have recently made changes to their positions in CCK. Toronto Dominion Bank grew its stake in shares of Crown by 12.1% in the second quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 185 shares during the last quarter. American International Group Inc. bought a new stake in shares of Crown in the fourth quarter worth $169,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Crown by 40.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,988 shares of the industrial products company’s stock worth $179,000 after purchasing an additional 863 shares during the last quarter. First Republic Investment Management Inc. bought a new stake in shares of Crown in the third quarter worth $205,000. Finally, Oakbrook Investments LLC bought a new stake in shares of Crown in the third quarter worth $207,000. Institutional investors own 89.68% of the company’s stock.
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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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