Crown Holdings Price Target Cut to $50.00 (CCK)
Equities research analysts at Barclays lowered their target price on shares of Crown Holdings (NYSE:CCK) from $52.00 to $50.00 in a research note issued to investors on Tuesday, American Banking and Market News reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective suggests a potential upside of 21.45% from the stock’s previous close.
A number of other analysts have also recently weighed in on CCK. Analysts at Northland Capital Partners initiated coverage on shares of Crown Holdings in a research note to investors on Tuesday, October 8th. They set a “market perform” rating on the stock. Separately, 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, October 8th. Finally, 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Crown Holdings currently has a consensus rating of “Hold” and an average target price of $47.03.
Crown Holdings (NYSE:CCK) traded down 0.89% during mid-day trading on Tuesday, hitting $41.17. The stock had a trading volume of 1,301,064 shares. Crown Holdings has a one year low of $35.84 and a one year high of $45.40. The stock has a 50-day moving average of $43.15 and a 200-day moving average of $42.84. The company has a market cap of $5.813 billion and a price-to-earnings ratio of 11.42.
Crown Holdings (NYSE:CCK) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $0.93 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. Analysts expect that Crown Holdings will post $3.11 EPS for the current fiscal year.
Crown Holdings, Inc is engaged in designing, manufacturing and sale of packaging products for consumer goods.
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