Crown Holdings, Inc. (NYSE:CCK) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other brokerages have also weighed in on CCK. Royal Bank Of Canada reiterated a “buy” rating and set a $62.00 target price on shares of Crown Holdings in a research note on Wednesday. Zacks Investment Research raised Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Monday, July 10th. ValuEngine downgraded Crown Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $63.00 target price (up previously from $62.00) on shares of Crown Holdings in a report on Friday, April 21st. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $65.00 target price on shares of Crown Holdings in a report on Wednesday, April 12th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $63.11.

Crown Holdings (NYSE CCK) traded up 1.23% during trading on Thursday, hitting $60.23. The company had a trading volume of 634,474 shares. The firm has a 50-day moving average of $57.51 and a 200 day moving average of $54.76. The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 15.93 and a beta of 1.40. Crown Holdings has a 12-month low of $51.15 and a 12-month high of $60.28.

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

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In other news, VP David A. Beaver sold 1,000 shares of the business’s stock in a transaction on Friday, May 19th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jenne K. Britell sold 4,525 shares of the business’s stock in a transaction on 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 $2,784,614.70. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCK. Creative Planning raised its position in shares of Crown Holdings by 1.3% in the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock valued at $105,000 after buying an additional 23 shares during the period. Raymond James Financial Services Advisors Inc. raised 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 during the period. New York State Teachers Retirement System raised its stake in 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 during the last quarter. PNC Financial Services Group Inc. raised its stake in 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 during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in 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 during the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.

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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