Several other research analysts have also weighed in on the stock. Vertical Research lowered shares of Crown Holdings from a buy rating to a hold rating and raised their price objective for the stock from $60.00 to $64.00 in a report on Friday, July 21st. Jefferies Group LLC set a $70.00 price target on shares of Crown Holdings and gave the stock a buy rating in a research report on Monday, August 28th. BMO Capital Markets restated a buy rating and issued a $65.00 price target on shares of Crown Holdings in a research report on Monday, September 4th. Zacks Investment Research downgraded shares of Crown Holdings from a buy rating to a hold rating in a research report on Tuesday, October 3rd. Finally, Barclays PLC lifted their price objective on shares of Crown Holdings from $69.00 to $70.00 and gave the company an overweight rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $64.20.
Crown Holdings (NYSE:CCK) opened at $58.79 on Friday. Crown Holdings has a one year low of $51.57 and a one year high of $61.61. The firm has a market cap of $7,927.47, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 2.09 and a beta of 1.44. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.57 and a current ratio of 1.04.
Crown Holdings (NYSE:CCK) last released its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.39 billion. Crown Holdings had a net margin of 5.64% and a return on equity of 60.44%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.33 earnings per share. equities analysts expect that Crown Holdings will post 4.03 EPS for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in Crown Holdings by 6,932.0% during the 2nd quarter. Janus Henderson Group PLC now owns 6,536,851 shares of the industrial products company’s stock valued at $389,988,000 after purchasing an additional 6,443,892 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in Crown Holdings by 8.7% during the 2nd quarter. Lazard Asset Management LLC now owns 10,225,857 shares of the industrial products company’s stock valued at $610,074,000 after purchasing an additional 819,689 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Crown Holdings by 17.1% during the 2nd quarter. Victory Capital Management Inc. now owns 4,005,148 shares of the industrial products company’s stock valued at $238,947,000 after purchasing an additional 584,647 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Crown Holdings by 283.5% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 726,995 shares of the industrial products company’s stock valued at $43,416,000 after purchasing an additional 537,416 shares during the last quarter. Finally, Quantitative Investment Management LLC acquired a new stake in Crown Holdings during the 2nd quarter valued at $24,544,000. 90.74% of the stock is owned by institutional investors.
About Crown Holdings
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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