Crown Holdings, Inc. (NYSE:CCK)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group LLC in a report issued on Wednesday.

Several other research firms have also recently commented on CCK. Credit Suisse Group AG set a $60.00 target price on shares of Crown Holdings and gave the company a “hold” rating in a research note on Saturday, February 4th. Zacks Investment Research cut shares of Crown Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Citigroup Inc reissued a “buy” rating and set a $63.00 target price (up previously from $62.00) on shares of Crown Holdings in a research note on Friday, April 14th. BMO Capital Markets reissued a “buy” rating and set a $65.00 target price on shares of Crown Holdings in a research note on Wednesday, April 12th. Finally, Vertical Research raised shares of Crown Holdings from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Monday, February 6th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $61.89.

Analyst Recommendations for Crown Holdings (NYSE:CCK)

Shares of Crown Holdings (NYSE:CCK) traded up 0.18% on Wednesday, hitting $56.63. 299,413 shares of the stock were exchanged. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 15.06 and a beta of 1.35. The firm’s 50 day moving average price is $55.38 and its 200 day moving average price is $53.95. Crown Holdings has a one year low of $48.04 and a one year high of $57.49.

Crown Holdings (NYSE:CCK) last issued its quarterly earnings data on Wednesday, April 19th. The industrial products company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.02. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. Crown Holdings had a net margin of 5.99% and a return on equity of 83.94%. Crown Holdings’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the firm posted $0.69 EPS. Equities analysts anticipate that Crown Holdings will post $3.95 earnings per share for the current year.

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In other news, VP David A. Beaver sold 1,000 shares of Crown Holdings stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $56.05, for a total value of $56,050.00. Following the transaction, the vice president now owns 2,398 shares of the company’s stock, valued at approximately $134,407.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jenne K. Britell sold 4,525 shares of Crown Holdings stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $55.65, for a total transaction of $251,816.25. Following the completion of the transaction, the director now directly owns 50,038 shares in the company, valued at approximately $2,784,614.70. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in CCK. Silvercrest Asset Management Group LLC boosted its position in shares of Crown Holdings by 0.3% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 5,214 shares of the industrial products company’s stock valued at $274,000 after buying an additional 14 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Crown Holdings by 1.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 3,932 shares of the industrial products company’s stock valued at $207,000 after buying an additional 52 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of Crown Holdings by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 11,900 shares of the industrial products company’s stock valued at $626,000 after buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Crown Holdings by 1.2% in the first quarter. PNC Financial Services Group Inc. now owns 12,625 shares of the industrial products company’s stock valued at $668,000 after buying an additional 144 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Crown Holdings by 0.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,053 shares of the industrial products company’s stock valued at $1,115,000 after buying an additional 152 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Crown Holdings Company Profile

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

12 Month Chart for NYSE:CCK

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