Crown (NYSE:CCK) Earns “Hold” Rating from KeyCorp

KeyCorp reaffirmed their hold rating on shares of Crown (NYSE:CCK) in a research note issued to investors on Friday, November 10th.

Several other equities research analysts have also recently weighed in on the company. Vertical Research cut Crown from a buy rating to a hold rating and boosted their price objective for the stock from $60.00 to $64.00 in a research note on Friday, July 21st. Zacks Investment Research raised Crown from a hold rating to a buy rating and set a $68.00 price objective on the stock in a research note on Thursday, September 21st. Barclays boosted their price objective on Crown from $69.00 to $70.00 and gave the stock an overweight rating in a research note on Friday, October 20th. Wells Fargo & Company boosted their price objective on Crown from $57.00 to $60.00 and gave the stock a market perform rating in a research note on Friday, October 20th. Finally, BidaskClub cut Crown from a hold rating to a sell rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. Crown presently has a consensus rating of Hold and an average target price of $64.27.

Shares of Crown (NYSE:CCK) traded up $0.05 during mid-day trading on Friday, hitting $59.22. The stock had a trading volume of 524,000 shares, compared to its average volume of 781,227. Crown has a 1 year low of $51.57 and a 1 year high of $61.61. The company has a quick ratio of 0.57, a current ratio of 1.04 and a debt-to-equity ratio of 4.60. The company has a market capitalization of $7,918.07, a PE ratio of 14.89, a price-to-earnings-growth ratio of 2.09 and a beta of 1.44.

Crown (NYSE:CCK) last issued its earnings results on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.41. Crown had a return on equity of 60.44% and a net margin of 5.64%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the firm posted $1.33 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. research analysts forecast that Crown will post 4.03 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its stake in shares of Crown by 12.1% during the second quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock valued at $102,000 after buying an additional 185 shares during the last quarter. Creative Planning grew its stake in shares of Crown by 1.3% during the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock valued at $105,000 after buying an additional 23 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake 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 valued at $179,000 after buying an additional 863 shares during the last quarter. First Republic Investment Management Inc. bought a new position in shares of Crown during the third quarter valued at approximately $205,000. Finally, Oakbrook Investments LLC bought a new position in shares of Crown during the third quarter valued at approximately $207,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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Crown 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.

Analyst Recommendations for Crown (NYSE:CCK)

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