Crown Holdings, Inc. (NYSE:CCK) has been given an average rating of “Buy” by the twelve analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $64.67.

CCK has been the subject of several research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $62.00 price objective on shares of Crown Holdings in a research report on Monday, June 5th. Zacks Investment Research raised Crown Holdings from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Tuesday, June 6th. ValuEngine cut Crown Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. BidaskClub cut Crown Holdings from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $70.00 price objective (up from $63.00) on shares of Crown Holdings in a research report on Friday, July 14th.

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Crown Holdings (CCK) traded up 0.08% during mid-day trading on Friday, reaching $60.89. 469,135 shares of the company traded hands. The stock has a 50 day moving average price of $58.77 and a 200-day moving average price of $57.04. Crown Holdings has a 52-week low of $51.57 and a 52-week high of $61.39. The company has a market capitalization of $8.24 billion, a P/E ratio of 17.44 and a beta of 1.39.

Crown Holdings (NYSE:CCK) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.02. Crown Holdings had a return on equity of 66.28% and a net margin of 5.81%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the prior year, the business earned $1.19 earnings per share. Crown Holdings’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts expect that Crown Holdings will post $4.03 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of CCK. Great West Life Assurance Co. Can lifted its position in Crown Holdings by 19.2% in the first quarter. Great West Life Assurance Co. Can now owns 47,066 shares of the industrial products company’s stock worth $2,489,000 after purchasing an additional 7,566 shares during the period. Bank of New York Mellon Corp lifted its position in Crown Holdings by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 908,728 shares of the industrial products company’s stock worth $48,117,000 after purchasing an additional 35,610 shares during the period. BNP Paribas Arbitrage SA lifted its position in Crown Holdings by 510.3% in the first quarter. BNP Paribas Arbitrage SA now owns 22,336 shares of the industrial products company’s stock worth $1,183,000 after purchasing an additional 18,676 shares during the period. World Asset Management Inc lifted its position in Crown Holdings by 26.7% in the first quarter. World Asset Management Inc now owns 6,169 shares of the industrial products company’s stock worth $327,000 after purchasing an additional 1,301 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its position in Crown Holdings by 10.2% in the first quarter. UBS Asset Management Americas Inc. now owns 345,513 shares of the industrial products company’s stock worth $18,295,000 after purchasing an additional 31,972 shares during the period. 90.12% of the stock is owned by hedge funds and other institutional investors.

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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