Shares of Crown Holdings (NYSE:CCK) have been assigned a consensus rating of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $64.50.
A number of analysts have issued reports on the company. ValuEngine downgraded Crown from a “buy” rating to a “hold” rating in a report on Friday, February 9th. UBS assumed coverage on Crown in a report on Wednesday, November 29th. They set a “neutral” rating and a $65.00 price target for the company. Zacks Investment Research downgraded Crown from a “hold” rating to a “sell” rating in a report on Monday, January 29th. TheStreet downgraded Crown from a “b” rating to a “c” rating in a report on Thursday, February 8th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Crown in a report on Tuesday, December 19th.
Shares of CCK stock traded down $0.15 during midday trading on Friday, reaching $49.80. The company’s stock had a trading volume of 55,783 shares, compared to its average volume of 1,753,470. The stock has a market cap of $6,822.91, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 1.64 and a beta of 1.50. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.95 and a quick ratio of 0.52. Crown has a 12 month low of $48.86 and a 12 month high of $62.27.
Crown (NYSE:CCK) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.79. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.02 billion. Crown had a return on equity of 57.14% and a net margin of 3.71%. Crown’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 EPS. equities analysts anticipate that Crown will post 4.41 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. increased its position in shares of Crown by 155.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,300 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 1,400 shares in the last quarter. American International Group Inc. acquired a new stake in shares of Crown during the fourth quarter worth about $169,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Crown by 40.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,988 shares of the industrial products company’s stock worth $179,000 after purchasing an additional 863 shares in the last quarter. First Republic Investment Management Inc. acquired a new stake in shares of Crown during the third quarter worth about $205,000. Finally, Delpha Capital Management LLC acquired a new stake in shares of Crown during the fourth quarter worth about $211,000. Institutional investors and hedge funds own 89.30% of the company’s stock.
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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