Shares of Crown Holdings, Inc. (NYSE:CCK) have earned a consensus rating of “Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $59.11.

CCK has been the subject of a number of analyst reports. TheStreet raised Crown from a “c+” rating to a “b-” rating in a report on Wednesday, October 10th. ValuEngine upgraded Crown from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 3rd. Zacks Investment Research lowered Crown from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Credit Suisse Group upgraded Crown from a “neutral” rating to an “outperform” rating and upped their target price for the company from $53.00 to $57.00 in a research note on Monday, November 12th. Finally, Morgan Stanley initiated coverage on Crown in a research note on Wednesday. They issued an “equal weight” rating and a $49.00 target price for the company.

Shares of NYSE CCK traded up $0.67 during trading on Friday, reaching $48.27. The company had a trading volume of 1,229,731 shares, compared to its average volume of 1,201,793. Crown has a twelve month low of $39.05 and a twelve month high of $59.50. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 1.20 and a beta of 1.55. The company has a quick ratio of 0.68, a current ratio of 1.14 and a debt-to-equity ratio of 6.82.

Crown (NYSE:CCK) last released its quarterly earnings results on Wednesday, October 17th. The industrial products company reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.06. Crown had a return on equity of 59.62% and a net margin of 2.81%. The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the previous year, the firm posted $1.46 earnings per share. The business’s revenue for the quarter was up 28.6% compared to the same quarter last year. As a group, analysts anticipate that Crown will post 5.2 EPS for the current year.

A number of large investors have recently made changes to their positions in CCK. FMR LLC increased its stake in Crown by 478.0% during the second quarter. FMR LLC now owns 3,515,309 shares of the industrial products company’s stock worth $157,345,000 after acquiring an additional 2,907,112 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Crown by 101.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 4,506,183 shares of the industrial products company’s stock worth $216,297,000 after acquiring an additional 2,271,146 shares during the last quarter. Sterling Capital Management LLC increased its stake in Crown by 11,712.0% during the third quarter. Sterling Capital Management LLC now owns 1,826,131 shares of the industrial products company’s stock worth $87,654,000 after acquiring an additional 1,810,671 shares during the last quarter. Schroder Investment Management Group increased its stake in Crown by 70,046.1% during the second quarter. Schroder Investment Management Group now owns 1,609,151 shares of the industrial products company’s stock worth $71,688,000 after acquiring an additional 1,606,857 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in Crown by 47.8% during the third quarter. TIAA CREF Investment Management LLC now owns 4,900,973 shares of the industrial products company’s stock worth $235,247,000 after acquiring an additional 1,585,959 shares during the last quarter.

Crown Company Profile

Crown Holdings, Inc designs, manufactures, and sells packaging products for consumer goods in the Americas, Europe, and the Asia Pacific. Its primary products include steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage products; and metal vacuum closures, steel crowns and caps.

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Analyst Recommendations for Crown (NYSE:CCK)

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