Crown Holdings Inc. (CCK) Sees Strong Trading Volume
Shares of Crown Holdings Inc. (NYSE:CCK) saw unusually-strong trading volume on Thursday . Approximately 1,016,852 shares were traded during mid-day 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 equities research analysts have issued reports on the company. Deutsche Bank AG restated a “hold” rating on shares of Crown Holdings in a report on Wednesday, May 18th. Zacks Investment Research downgraded Crown Holdings from a “buy” rating to a “hold” rating in a report on Monday, June 27th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $60.00 price target on shares of Crown Holdings in a report on Wednesday, June 1st. Credit Suisse Group AG set a $58.00 price target on Crown Holdings and gave the stock a “hold” rating in a report on Tuesday, July 19th. Finally, Barclays PLC increased their price target on Crown Holdings from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, July 25th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Crown Holdings presently has an average rating of “Buy” and a consensus target price of $59.00.
The company has a market capitalization of $7.59 billion and a PE ratio of 16.82. The company’s 50-day moving average is $53.49 and its 200 day moving average is $51.48.
Crown Holdings (NYSE:CCK) last announced its earnings results on Wednesday, July 20th. The company reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.08. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.24 billion. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. Equities analysts predict 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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