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.

Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.41. Crown had a net margin of 5.64% and a return on equity of 60.44%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the firm posted $1.33 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. equities analysts expect that Crown will post 4.03 EPS for the current year.

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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About Crown

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 (NYSE:CCK)

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