Crown Holdings Given Consensus Rating of “Buy” by Brokerages (NYSE:CCK)
Crown Holdings (NYSE:CCK) has been given a consensus recommendation of “Buy” by the thirteen ratings firms that are presently covering the stock, Analyst Ratings Network reports. Three investment analysts have rated the stock with a hold rating and nine 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 $55.00.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Crown Holdings in a research note on Wednesday, July 30th. They now have a $56.00 price target on the stock, down previously from $58.00. Separately, analysts at Jefferies Group cut their price target on shares of Crown Holdings from $60.00 to $58.00 in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Crown Holdings from $52.00 to $58.00 in a research note on Wednesday, July 23rd. They now have an “overweight” rating on the stock.
Shares of Crown Holdings (NYSE:CCK) opened at 46.96 on Thursday. Crown Holdings has a 1-year low of $37.29 and a 1-year high of $51.56. The stock has a 50-day moving average of $48.37 and a 200-day moving average of $46.88. The company has a market cap of $6.443 billion and a price-to-earnings ratio of 23.08.
Crown Holdings (NYSE:CCK) last issued its quarterly earnings data on Monday, July 21st. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.99 by $0.02. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts expect that Crown Holdings will post $3.35 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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