Crown Holdings, Inc. (NYSE:CCK)‘s stock had its “hold” rating reissued by equities researchers at KeyCorp in a report issued on Thursday.

Other equities analysts have also issued research reports about the stock. Jefferies Group LLC set a $70.00 target price on shares of Crown Holdings and gave the company a “buy” rating in a report on Monday, August 28th. Royal Bank Of Canada restated a “buy” rating and issued a $62.00 target price on shares of Crown Holdings in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of 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 upgraded shares of Crown Holdings from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, BidaskClub upgraded shares of Crown Holdings from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $64.56.

Crown Holdings (CCK) traded up 1.44% on Thursday, hitting $60.68. The stock had a trading volume of 1,515,426 shares. The company’s 50 day moving average is $60.03 and its 200-day moving average is $58.09. Crown Holdings has a 1-year low of $51.57 and a 1-year high of $61.61. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 17.38 and a beta of 1.40.

Crown Holdings (NYSE:CCK) last issued its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share for the quarter, hitting the consensus estimate of $1.41. Crown Holdings had a net margin of 5.81% and a return on equity of 66.28%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the firm posted $1.33 earnings per share. Crown Holdings’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts forecast that Crown Holdings will post $4.04 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC raised its holdings in shares of Crown Holdings by 3.3% during the second quarter. Neuberger Berman Group LLC now owns 1,776,396 shares of the industrial products company’s stock valued at $105,980,000 after purchasing an additional 57,124 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Crown Holdings by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 917,015 shares of the industrial products company’s stock valued at $54,710,000 after purchasing an additional 8,287 shares during the period. Sentry Investments Corp. raised its holdings in shares of Crown Holdings by 5.9% during the second quarter. Sentry Investments Corp. now owns 1,366,200 shares of the industrial products company’s stock valued at $81,507,000 after purchasing an additional 76,600 shares during the period. SG Americas Securities LLC raised its holdings in shares of Crown Holdings by 35.9% during the second quarter. SG Americas Securities LLC now owns 18,547 shares of the industrial products company’s stock valued at $1,107,000 after purchasing an additional 4,899 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Crown Holdings by 2.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 398,637 shares of the industrial products company’s stock valued at $23,783,000 after purchasing an additional 9,440 shares during the period. Hedge funds and other institutional investors own 90.15% 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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