In a report released today, Adam Josephson from KeyBanc maintained a Hold rating on Crown Holdings (CCK – Research Report). The company’s shares closed last Tuesday at $107.88, close to its 52-week high of $110.19.
According to TipRanks.com, Josephson has 0 stars on 0-5 stars ranking scale with an average return of -6.3% and a 47.7% success rate. Josephson covers the Basic Materials sector, focusing on stocks such as International Paper Co, Berry Global Group, and Graphic Packaging.
Currently, the analyst consensus on Crown Holdings is a Strong Buy with an average price target of $123.09, a 12.7% upside from current levels. In a report issued on April 9, Goldman Sachs also initiated coverage with a Hold rating on the stock with a $108.00 price target.
Crown Holdings’ market cap is currently $14.67B and has a P/E ratio of 25.40. The company has a Price to Book ratio of -3.44.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Crown Holdings, Inc. engages in the design, manufacture and sale of packaging products for consumer goods. Its products include Beverage Cans and Glass Bottles, Food Cans and Closures, Transit Packaging and Aerosol Cans. The firm operates through the following geographical divisions: Americas, European, and Asia-Pacific. The Americas division includes operations in the U.S., Brazil, Canada, the Caribbean, Colombia and Mexico. The European division refers to the operations in Europe, the Middle East and Africa. The Asia-Pacific division is a reportable segment which primarily consists of beverage can operations in Cambodia, China, Indonesia, Malaysia, Singapore, Thailand and Vietnam and also includes the Company’s non-beverage can operations, primarily food cans and specialty packaging in China, Singapore, Thailand and Vietnam. The company was founded by William Painter in 1892 and is headquartered in Philadelphia, PA.