Crown Holdings Price Target Increased to $51.00 by Analysts at Jefferies Group (CCK)
Analysts at Jefferies Group hoisted their price target on shares of Crown Holdings (NYSE:CCK) from $49.00 to $51.00 in a research report issued to clients and investors on Monday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target would indicate a potential upside of 17.24% from the stock’s previous close.
Shares of Crown Holdings (NYSE:CCK) traded up 0.32% during mid-day trading on Monday, hitting $43.50. The stock had a trading volume of 1,420,941 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 $42.07 and a 200-day moving average of $42.86. The company has a market cap of $5.995 billion and a P/E ratio of 19.61.
Crown Holdings (NYSE:CCK) last posted its quarterly earnings results on Thursday, October 17th. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.08 by $0.05. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts expect that Crown Holdings will post $3.08 EPS for the current fiscal year.
CCK has been the subject of a number of other recent research reports. Analysts at Barclays cut their price target on shares of Crown Holdings from $52.00 to $50.00 in a research note to investors on Tuesday, October 15th. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $47.17.
Crown Holdings, Inc is engaged in designing, manufacturing and sale of packaging products for consumer goods.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.