Crown Holdings Coverage Initiated by Analysts at Northland Capital Partners (CCK)
Northland Capital Partners assumed coverage on shares of Crown Holdings (NYSE:CCK) in a research note issued on Tuesday, AR Network reports. The firm set a “market perform” rating on the stock.
Crown Holdings (NYSE:CCK) traded down 0.62% during mid-day trading on Tuesday, hitting $41.42. The stock had a trading volume of 1,929,256 shares. Crown Holdings has a 52-week low of $35.84 and a 52-week high of $45.40. The stock has a 50-day moving average of $43.53 and a 200-day moving average of $42.82. The company has a market cap of $5.848 billion and a P/E ratio of 11.46.
Crown Holdings (NYSE:CCK) last released its earnings data on Wednesday, July 17th. The company reported $0.93 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.93. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the company posted $0.84 earnings per share. Crown Holdings’s revenue was up 1.8% compared to the same quarter last year. On average, analysts predict that Crown Holdings will post $3.11 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CCK. Analysts at Wells Fargo & Co. downgraded shares of Crown Holdings from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday. Separately, analysts at Zacks downgraded shares of Crown Holdings from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, October 2nd. They now have a $40.20 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Crown Holdings in a research note to investors on Wednesday, September 25th. They now have a $50.00 price target on the stock, down previously from $52.00. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $47.31.
Crown Holdings, Inc is engaged in designing, manufacturing and sale of packaging products for consumer goods.
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