Crown (CCK) Cut to “C” at TheStreet
Other equities research analysts have also issued research reports about the company. Vertical Research upgraded Crown from a hold rating to a buy rating in a research note on Wednesday, December 20th. ValuEngine lowered Crown from a buy rating to a hold rating in a research note on Friday. KeyCorp restated a hold rating on shares of Crown in a research note on Tuesday, December 19th. Wells Fargo & Co boosted their price target 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, UBS Group started coverage on Crown in a research note on Wednesday, November 29th. They set a neutral rating and a $65.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. Crown presently has a consensus rating of Hold and a consensus price target of $64.27.
Shares of Crown (NYSE:CCK) opened at $51.12 on Thursday. Crown has a 52 week low of $50.47 and a 52 week high of $62.27. The firm has a market capitalization of $7,009.19, a PE ratio of 21.66, a PEG ratio of 1.71 and a beta of 1.42. The company has a current ratio of 1.04, a quick ratio of 0.57 and a debt-to-equity ratio of 4.60.
A number of hedge funds and other institutional investors have recently modified their holdings of CCK. Toronto Dominion Bank boosted its position in Crown by 12.1% in 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. American International Group Inc. purchased a new stake in Crown in the fourth quarter valued at approximately $169,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Crown by 40.6% in 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. purchased a new stake in Crown in the third quarter valued at approximately $205,000. Finally, Oakbrook Investments LLC purchased a new stake in Crown in the third quarter valued at approximately $207,000. Hedge funds and other institutional investors own 89.68% of the company’s stock.
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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