Headlines about Crown Holdings (NYSE:CCK) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Crown Holdings earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 45.6528530350043 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Crown Holdings (NYSE CCK) opened at 60.90 on Thursday. The company’s 50 day moving average price is $59.58 and its 200-day moving average price is $57.82. The stock has a market capitalization of $8.24 billion, a PE ratio of 17.44 and a beta of 1.40. Crown Holdings has a one year low of $51.57 and a one year high of $61.39.
Crown Holdings (NYSE:CCK) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.02. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.15 billion. Crown Holdings had a return on equity of 66.28% and a net margin of 5.81%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company earned $1.19 EPS. Analysts expect that Crown Holdings will post $4.03 earnings per share for the current year.
Several brokerages have commented on CCK. KeyCorp restated a “hold” rating on shares of Crown Holdings in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Monday, October 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $70.00 price target (up previously from $63.00) on shares of Crown Holdings in a research report on Friday, July 14th. Deutsche Bank AG reiterated a “hold” rating and set a $61.00 price target (up previously from $58.00) on shares of Crown Holdings in a research report on Tuesday, July 18th. Finally, BidaskClub downgraded Crown Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $64.56.
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Crown Holdings Company Profile
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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