Crown Holdings Given Average Recommendation of “Buy” by Analysts (NYSE:CCK)
Shares of Crown Holdings (NYSE:CCK) have earned an average recommendation of “Buy” from the twelve analysts that are covering the stock, Stock Ratings Network.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $55.00.
A number of research firms have recently commented on CCK. 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.
Crown Holdings (NYSE:CCK) opened at 46.78 on Thursday. Crown Holdings has a one year low of $37.29 and a one year high of $51.56. The stock has a 50-day moving average of $48.17 and a 200-day moving average of $46.93. The company has a market cap of $6.418 billion and a P/E ratio of 23.22.
Crown Holdings (NYSE:CCK) last announced its earnings results on Monday, July 21st. The company reported $1.01 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.96 earnings per share. Crown Holdings’s revenue was up 7.2% compared to the same quarter last year. 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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