BMO Capital Markets Begins Coverage on Crown Holdings (CCK)
Research analysts at BMO Capital Markets assumed coverage on shares of Crown Holdings (NYSE:CCK) in a report released on Wednesday. The firm set an “outperform” rating and a $56.00 price target on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 11.80% from the stock’s previous close.
CCK has been the subject of a number of other recent research reports. Analysts at Macquarie reiterated a “neutral” rating on shares of Crown Holdings in a research note on Wednesday. They now have a $55.00 price target on the stock, up previously from $53.00. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $55.33.
Shares of Crown Holdings (NYSE:CCK) traded down 0.06% on Wednesday, hitting $50.09. The stock had a trading volume of 1,055,519 shares. Crown Holdings has a 52-week low of $37.29 and a 52-week high of $51.56. The stock has a 50-day moving average of $47.68 and a 200-day moving average of $47.2. The company has a market cap of $6.872 billion and a price-to-earnings ratio of 24.71.
Crown Holdings (NYSE:CCK) last issued its quarterly earnings data 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. On average, analysts predict that Crown Holdings will post $3.35 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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