Analysts Have Conflicting Sentiments on These Consumer Goods Companies: Crown Holdings (NYSE: CCK), Ball Corporation (NYSE: BLL) and Owens-Illinois Inc (NYSE: OI)

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Crown Holdings (NYSE: CCK), Ball Corporation (NYSE: BLL) and Owens-Illinois Inc (NYSE: OI).

Crown Holdings (NYSE: CCK)

Jefferies analyst Philip Ng reiterated a Buy rating on Crown Holdings (NYSE: CCK) today and set a price target of $63. The company’s shares opened today at $54.59, close to its 52-week high of $55.50.

Ng said, “CCK was constructive on the improved industry structure, and remained upbeat on the opportunities to deploy growth capital, particularly in SE Asia as its two largest competitors are busy integrating deals.”

According to TipRanks.com, Ng is a top 100 analyst with an average return of 14.8% and a 81.5% success rate. Ng covers the Consumer Goods sector, focusing on stocks such as Orchids Paper Products Company, Graphic Packaging, and Sonoco Products.

Crown Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $60

.
Ball Corporation (NYSE: BLL)

Jefferies analyst Philip Ng reiterated a Buy rating on Ball Corp (NYSE: BLL) today and set a price target of $94. The company’s shares opened today at $80.64, close to its 52-week high of $81.25.

Ng noted, “Now that the Rexam transaction has closed and its growth investments flowing through, BLL’s FCF and EBITDA should accelerate sharply the next few years, and guidance appears conservative.”

According to TipRanks.com, Ng is a top 100 analyst with an average return of 14.8% and a 81.5% success rate. Ng covers the Consumer Goods sector, focusing on stocks such as Orchids Paper Products Company, Graphic Packaging, and Sonoco Products.

Currently, the analyst consensus on Ball Corp is Moderate Buy and the average price target is $83, representing a 2.9% upside.

In a report issued on August 5, Robert W. Baird also maintained a Buy rating on the stock with a $85 price target.
Owens-Illinois Inc (NYSE: OI)

In a report released today, Philip Ng from Jefferies reiterated a Hold rating on Owens-Illinois (NYSE: OI), with a price target of $21. The company’s shares opened today at $18.89.

Ng noted, “OI is seeing trends in Brazil stabilize and its customers are reinvesting in infrastructure for returnable glass (beer), which manages the downside risk to its most profitable segment.”

According to TipRanks.com, Ng is a top 100 analyst with an average return of 14.8% and a 81.5% success rate. Ng covers the Consumer Goods sector, focusing on stocks such as Orchids Paper Products Company, Graphic Packaging, and Sonoco Products.

Owens-Illinois has an analyst consensus of Hold, with a price target consensus of $19.50

.