Crown Holdings Inc. (NYSE:CCK) shares reached a new 52-week high on Tuesday . The stock traded as high as $56.02 and last traded at $55.88, with a volume of 488,430 shares traded. The stock had previously closed at $54.83.

Several research firms have recently weighed in on CCK. Deutsche Bank AG set a $55.00 price target on shares of Crown Holdings and gave the stock a “hold” rating in a report on Sunday, July 24th. Goldman Sachs Group reiterated a “hold” rating on shares of Crown Holdings in a research report on Thursday, June 2nd. Barclays PLC upped their target price on shares of Crown Holdings from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, July 25th. Jefferies Group upped their target price on shares of Crown Holdings from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, July 14th. Finally, Zacks Investment Research upgraded shares of Crown Holdings from a “sell” rating to a “hold” rating in a research report on Friday, July 22nd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $59.00.

The firm has a 50 day moving average price of $53.49 and a 200-day moving average price of $51.48. The stock has a market capitalization of $7.72 billion and a P/E ratio of 17.11.

Crown Holdings (NYSE:CCK) last posted its earnings results on Wednesday, July 20th. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The business earned $2.14 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was down 6.0% on a year-over-year basis. Equities research analysts predict that Crown Holdings Inc. will post $3.93 EPS for the current 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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