Crown Holdings, Inc. (CCK) Given Consensus Recommendation of “Hold” by Brokerages
Crown Holdings, Inc. (NYSE:CCK) has been given a consensus rating of “Hold” by the fourteen analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $64.00.
A number of equities research analysts have recently commented on CCK shares. Jefferies Group set a $70.00 price objective on shares of Crown and gave the company a “buy” rating in a research note on Monday, August 28th. BMO Capital Markets reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Crown in a research note on Monday, September 4th. Zacks Investment Research raised shares of Crown from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Thursday, September 21st. KeyCorp reaffirmed a “hold” rating on shares of Crown in a research note on Tuesday, October 3rd. Finally, Wells Fargo & Company upped their price objective on shares of Crown from $57.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, October 20th.
Crown (NYSE:CCK) traded down $0.45 during trading hours on Friday, hitting $58.80. 920,300 shares of the stock were exchanged, compared to its average volume of 776,513. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.57 and a current ratio of 1.04. Crown has a 12 month low of $51.76 and a 12 month high of $61.61. The company has a market cap of $7,967.75, a price-to-earnings ratio of 14.98, a P/E/G ratio of 2.10 and a beta of 1.42.
A number of hedge funds and other institutional investors have recently modified their holdings of CCK. Creative Planning boosted its stake in Crown by 1.3% during the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 23 shares in the last quarter. Acadian Asset Management LLC bought a new position in Crown during the second quarter worth $549,000. Janney Montgomery Scott LLC boosted its stake in Crown by 126.8% during the second quarter. Janney Montgomery Scott LLC now owns 14,131 shares of the industrial products company’s stock worth $843,000 after acquiring an additional 7,900 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Crown by 5.3% during the second quarter. Great West Life Assurance Co. Can now owns 49,565 shares of the industrial products company’s stock worth $2,954,000 after acquiring an additional 2,499 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Crown by 22.0% during the second quarter. CIBC Asset Management Inc now owns 16,987 shares of the industrial products company’s stock worth $1,013,000 after acquiring an additional 3,060 shares in the last quarter. 90.08% of the stock is currently owned by institutional investors and hedge funds.
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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.
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