Crown Holdings Rating Reiterated by Macquarie (CCK)
Crown Holdings (NYSE:CCK)‘s stock had its “neutral” rating reiterated by investment analysts at Macquarie in a note issued to investors on Wednesday. They currently have a $55.00 price objective on the stock, up from their previous price objective of $53.00. Macquarie’s price objective indicates a potential upside of 9.74% from the company’s current price.
A number of other analysts have also recently weighed in 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. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $55.25.
Shares of Crown Holdings (NYSE:CCK) traded up 0.30% during mid-day trading on Wednesday, hitting $50.27. The stock had a trading volume of 438,298 shares. Crown Holdings has a 52 week low of $37.29 and a 52 week high of $51.56. The stock’s 50-day moving average is $47.68 and its 200-day moving average is $47.2. The company has a market cap of $6.897 billion and a P/E 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 (EPS) for the quarter, beating the 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 previous 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. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.