Crown Holdings, Inc. (NYSE:CCK) has earned a consensus recommendation of “Buy” from the twelve brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $64.50.
Several research analysts have recently issued reports on CCK shares. ValuEngine raised Crown from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Co set a $70.00 target price on Crown and gave the stock a “hold” rating in a research report on Friday, May 17th. Citigroup increased their target price on Crown from $70.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Robert W. Baird set a $65.00 target price on Crown and gave the stock a “buy” rating in a research report on Friday, July 19th.
In other news, COO Gerard H. Gifford sold 10,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $60.79, for a total value of $607,900.00. Following the completion of the transaction, the chief operating officer now owns 152,292 shares of the company’s stock, valued at approximately $9,257,830.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.
NYSE CCK traded down $1.10 on Friday, hitting $65.58. The company’s stock had a trading volume of 614,777 shares, compared to its average volume of 1,431,286. Crown has a 52-week low of $39.05 and a 52-week high of $68.84. The company has a current ratio of 1.17, a quick ratio of 0.66 and a debt-to-equity ratio of 5.13. The company’s 50-day simple moving average is $63.73 and its 200 day simple moving average is $58.60. The firm has a market cap of $9.04 billion, a P/E ratio of 12.61, a PEG ratio of 1.87 and a beta of 1.58.
Crown (NYSE:CCK) last released its quarterly earnings data on Wednesday, July 17th. The industrial products company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.03). Crown had a return on equity of 48.36% and a net margin of 3.91%. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter last year, the business posted $1.55 EPS. The company’s quarterly revenue was down .4% compared to the same quarter last year. On average, research analysts forecast that Crown will post 5.09 EPS for the current fiscal year.
Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.
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