Crown Holdings, Inc. (NYSE:CCK)‘s stock had its “hold” rating reissued by analysts at Deutsche Bank AG in a report released on Tuesday. They presently have a $61.00 price objective on the industrial products company’s stock, up from their previous price objective of $58.00. Deutsche Bank AG’s price target would indicate a potential upside of 0.16% from the stock’s previous close.

A number of other research analysts have also issued reports on CCK. Jefferies Group LLC reiterated a “buy” rating and set a $62.00 price target on shares of Crown Holdings in a research note on Sunday, April 2nd. BMO Capital Markets reiterated a “buy” rating and set a $65.00 price target on shares of Crown Holdings in a research note on Wednesday, April 12th. Citigroup Inc. reiterated a “buy” rating and set a $63.00 price target (up from $62.00) on shares of Crown Holdings in a research note on Friday, April 14th. Zacks Investment Research lowered shares of Crown Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $62.00 price target on shares of Crown Holdings in a research note on Monday, June 5th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Crown Holdings has a consensus rating of “Buy” and an average target price of $63.44.

Crown Holdings (NYSE:CCK) traded down 1.00% during midday trading on Tuesday, hitting $60.29. 329,013 shares of the stock traded hands. Crown Holdings has a one year low of $51.15 and a one year high of $60.88. The company’s 50 day moving average is $57.51 and its 200-day moving average is $54.76. The company has a market cap of $8.35 billion, a P/E ratio of 16.03 and a beta of 1.40.

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

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In other Crown Holdings news, Director Jenne K. Britell sold 4,525 shares of the company’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 directly owns 50,038 shares in the company, valued at $2,784,614.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David A. Beaver sold 1,000 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $56.05, for a total transaction of $56,050.00. Following the transaction, the vice president now owns 2,398 shares in the company, valued at $134,407.90. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CCK. Comerica Bank raised its position in shares of Crown Holdings by 58.8% in the fourth quarter. Comerica Bank now owns 13,966 shares of the industrial products company’s stock valued at $764,000 after buying an additional 5,170 shares during the last quarter. AXA increased its stake in shares of Crown Holdings by 7.2% in the first quarter. AXA now owns 375,300 shares of the industrial products company’s stock valued at $19,872,000 after buying an additional 25,100 shares during the period. Clinton Group Inc. increased its stake in shares of Crown Holdings by 103.7% in the first quarter. Clinton Group Inc. now owns 60,733 shares of the industrial products company’s stock valued at $3,216,000 after buying an additional 30,918 shares during the period. Lazard Asset Management LLC increased its stake in shares of Crown Holdings by 11.9% in the first quarter. Lazard Asset Management LLC now owns 9,406,168 shares of the industrial products company’s stock valued at $498,056,000 after buying an additional 997,113 shares during the period. Finally, KCG Holdings Inc. increased its stake in shares of Crown Holdings by 14.8% in the first quarter. KCG Holdings Inc. now owns 20,229 shares of the industrial products company’s stock valued at $1,071,000 after buying an additional 2,603 shares during the period. Institutional investors own 91.85% of the company’s stock.

About Crown Holdings

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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