Share on StockTwits
 

Analysts at Longbow Research assumed coverage on shares of Crown Holdings (NYSE:CCK) in a research report issued to clients and investors on Friday, Stock Ratings Network reports. The firm set a “buy” rating on the stock.

Shares of Crown Holdings (NYSE:CCK) opened at 41.66 on Friday. Crown Holdings has a 52-week low of $37.29 and a 52-week high of $45.40. The stock’s 50-day moving average is $42.79 and its 200-day moving average is $43.20. The company has a market cap of $5.741 billion and a price-to-earnings ratio of 18.97.

Crown Holdings (NYSE:CCK) last announced its earnings results on Tuesday, February 4th. The company reported $0.48 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.50 by $0.02. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts predict that Crown Holdings will post $3.41 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Wells Fargo & Co. upgraded shares of Crown Holdings from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday. Separately, analysts at Macquarie downgraded shares of Crown Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, January 13th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Crown Holdings from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday, January 8th. They now have a $52.00 price target on the stock, up previously from $45.00. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $48.60.

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.