Crown Holdings, Inc. (NYSE:CCK) has received a consensus recommendation of “Buy” from the eleven brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $62.25.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Monday. ValuEngine upgraded shares of Crown Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. BidaskClub upgraded shares of Crown Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Royal Bank Of Canada restated a “buy” rating and issued a $62.00 price target on shares of Crown Holdings in a research report on Monday, June 5th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Crown Holdings in a report on Wednesday, May 24th.

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

Several institutional investors have recently made changes to their positions in CCK. Stillwater Capital Advisors LLC boosted its position in shares of Crown Holdings by 10.2% in the first quarter. Stillwater Capital Advisors LLC now owns 5,958 shares of the industrial products company’s stock valued at $315,000 after buying an additional 551 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Crown Holdings by 51.6% in the first quarter. Bank of Montreal Can now owns 142,413 shares of the industrial products company’s stock valued at $7,541,000 after buying an additional 48,451 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Crown Holdings by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 43,604 shares of the industrial products company’s stock valued at $2,308,000 after buying an additional 700 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Crown Holdings by 7.5% in the fourth quarter. Teachers Advisors LLC now owns 535,946 shares of the industrial products company’s stock valued at $28,175,000 after buying an additional 37,610 shares in the last quarter. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Crown Holdings during the fourth quarter valued at about $447,000. 91.81% of the stock is currently owned by institutional investors.

Crown Holdings (NYSE CCK) traded down 0.54% on Tuesday, reaching $59.49. 753,336 shares of the company’s stock were exchanged. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 15.82 and a beta of 1.40. The stock’s 50 day moving average price is $57.51 and its 200 day moving average price is $54.76. Crown Holdings has a 1-year low of $50.82 and a 1-year high of $59.98.

Crown Holdings (NYSE:CCK) last posted its quarterly earnings results on Wednesday, April 19th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.02. Crown Holdings had a net margin of 6.32% and a return on equity of 75.25%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the firm posted $0.69 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. On average, analysts expect that Crown Holdings will post $3.96 earnings per share for the current year.

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.

Analyst Recommendations for Crown Holdings (NYSE:CCK)

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