Crown Holdings (CCK) Releases Quarterly Earnings Results
Crown Holdings (NYSE:CCK) announced its earnings results on Monday. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.02, StockRatingsNetwork.com reports. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.37 billion.
CCK has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Crown Holdings in a research note on Thursday. They now have a $54.00 price target on the stock, up previously from $52.00. On a related note, analysts at Jefferies Group raised their price target on shares of Crown Holdings from $56.00 to $60.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Finally, 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. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $52.88.
Crown Holdings (NYSE:CCK) traded up 0.35% during mid-day trading on Monday, hitting $51.47. The stock had a trading volume of 937,547 shares. Crown Holdings has a 1-year low of $37.29 and a 1-year high of $51.49. The stock has a 50-day moving average of $49.96 and a 200-day moving average of $46.20. The company has a market cap of $7.041 billion and a price-to-earnings ratio of 23.27.
Crown Holdings, Inc is engaged in designing, manufacturing and sale of packaging products for consumer goods.
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