Crown Holdings Inc. (CCK) Sees Large Volume Increase
Crown Holdings Inc. (NYSE:CCK) shares saw strong trading volume on Thursday . 1,016,852 shares traded hands during trading, an increase of 43% from the previous session’s volume of 711,135 shares.The stock last traded at $54.69 and had previously closed at $54.23.
Several analysts have commented on the stock. Deutsche Bank AG set a $55.00 target price on shares of Crown Holdings and gave the stock a “hold” rating in a report on Sunday, July 24th. Zacks Investment Research upgraded shares of Crown Holdings from a “sell” rating to a “hold” rating in a report on Friday, July 22nd. Barclays PLC raised their target price on shares of Crown Holdings from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, July 25th. Credit Suisse Group AG set a $58.00 target price on shares of Crown Holdings and gave the stock a “hold” rating in a report on Tuesday, July 19th. Finally, Jefferies Group raised their target price on shares of Crown Holdings from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, July 14th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Crown Holdings currently has a consensus rating of “Buy” and an average target price of $59.00.
The stock has a market capitalization of $7.59 billion and a price-to-earnings ratio of 16.80. The firm’s 50-day moving average is $53.41 and its 200-day moving average is $51.45.
Crown Holdings (NYSE:CCK) last announced its earnings results on Wednesday, July 20th. The company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.08. During the same quarter in the previous year, the company earned $1.03 earnings per share. The company earned $2.14 billion during the quarter, compared to the consensus estimate of $2.24 billion. The business’s revenue was down 6.0% on a year-over-year basis. Equities analysts anticipate that Crown Holdings Inc. will post $3.93 EPS for the current fiscal year.
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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