Crown Holdings Given Average Recommendation of “Buy” by Brokerages (NYSE:CCK)
Shares of Crown Holdings (NYSE:CCK) have earned an average recommendation of “Buy” from the fourteen analysts that are covering the company, ARN reports. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $52.13.
A number of analysts have recently weighed in on CCK shares. Analysts at Zacks upgraded shares of Crown Holdings from a “neutral” rating to an “outperform” rating in a research note on Friday, May 16th. They now have a $58.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of Crown Holdings in a research note on Wednesday, April 23rd. They set an “overweight” rating and a $52.00 price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Crown Holdings in a research note on Tuesday, April 22nd. They now have a $52.00 price target on the stock.
Crown Holdings (NYSE:CCK) traded up 0.25% during mid-day trading on Thursday, hitting $48.67. The stock had a trading volume of 117,525 shares. Crown Holdings has a one year low of $37.29 and a one year high of $49.42. The stock has a 50-day moving average of $46.99 and a 200-day moving average of $44.41. The company has a market cap of $6.658 billion and a P/E ratio of 22.03.
Crown Holdings (NYSE:CCK) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.06. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, analysts predict that Crown Holdings will post $3.38 earnings per share 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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