Crown Holdings, Inc. (NYSE:CCK) Given Consensus Recommendation of “Buy” by Analysts

Shares of Crown Holdings, Inc. (NYSE:CCK) have been given a consensus recommendation of “Buy” by the twelve ratings firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $64.56.

A number of research firms recently commented on CCK. Robert W. Baird set a $65.00 price target on shares of Crown and gave the stock a “buy” rating in a report on Friday, July 19th. Zacks Investment Research raised shares of Crown from a “sell” rating to a “hold” rating and set a $67.00 price target on the stock in a report on Tuesday, September 10th. Citigroup set a $75.00 price target on shares of Crown and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, ValuEngine raised shares of Crown from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st.

Shares of NYSE:CCK traded down $0.29 during mid-day trading on Thursday, reaching $63.09. The company had a trading volume of 29,648 shares, compared to its average volume of 902,016. 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 firm has a market cap of $8.55 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.77 and a beta of 1.57. The company’s 50-day moving average price is $65.20 and its 200-day moving average price is $60.02. Crown has a one year low of $39.05 and a one year high of $68.84.

Crown (NYSE:CCK) last posted its quarterly earnings results on Wednesday, July 17th. The industrial products company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.03). The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.04 billion. Crown had a return on equity of 48.36% and a net margin of 3.91%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm posted $1.55 EPS. On average, research analysts anticipate that Crown will post 5.09 EPS for the current fiscal year.

In other Crown news, COO Gerard H. Gifford sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $67.92, for a total transaction of $679,200.00. Following the sale, the chief operating officer now owns 152,292 shares of the company’s stock, valued at approximately $10,343,672.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.

Hedge funds have recently modified their holdings of the business. HM Payson & Co. purchased a new position in shares of Crown during the 2nd quarter valued at $31,000. Advisory Services Network LLC purchased a new position in shares of Crown during the 1st quarter valued at $32,000. Oakworth Capital Inc. purchased a new position in shares of Crown during the 2nd quarter valued at $42,000. Rockefeller Capital Management L.P. grew its position in shares of Crown by 53.2% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 691 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 240 shares in the last quarter. Finally, First Personal Financial Services grew its position in shares of Crown by 73.7% during the 2nd quarter. First Personal Financial Services now owns 1,002 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 425 shares in the last quarter. 96.17% of the stock is currently owned by institutional investors and hedge funds.

About Crown

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.

Featured Article: Buy Rating

Analyst Recommendations for Crown (NYSE:CCK)

Receive News & Ratings for Crown Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown and related companies with MarketBeat.com's FREE daily email newsletter.