Crown Holdings was Upgraded to a Buy Rating at BMO Capital

In a report released today, Mark Wilde from BMO Capital upgraded Crown Holdings (NYSE: CCK) to Buy. The company’s shares closed yesterday at $53.90.

According to TipRanks.com, Wilde is a 5-star analyst with an average return of 13.5% and a 78.8% success rate. Wilde covers the Consumer Goods sector, focusing on stocks such as Multi Packaging Solutions, Meadwestvaco Corp., and Graphic Packaging.

Crown Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $61.33.

Based on Crown Holdings` latest earnings report from June 30, the company posted quarterly revenue of $2.14B and quarterly net profit of $169M. In comparison, last year the company earned revenue of $2.28B and had a net profit of $142M.

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CCK in relation to earlier this year.

Crown Holdings, Inc. is engaged in designing, manufacturing and sales of packaging products for consumer goods. The company’s primary products include steel and aluminum cans for food, beverage, household and other consumer products and metal vacuum closures and caps. These products are manufactured in its plants both within and outside the U. S. and are sold through the company’s sales organization to the soft drink, food, citrus, brewing, household products, personal care and various other industries. The company operates through three operating divisions: Americas, European and Asia-Pacific. The Americas division operates through two reportable segments: Americas Beverage and North America Food. The Americas Beverage segment manufactures aluminum beverage cans and ends and steel crowns, commonly referred to as bottle caps. The North America Food segment manufactures steel and aluminum food cans and ends and metal vacuum closures. The European division operates through three reportable segments: European Beverage, European Food and European Specialty Packaging. The European Beverage segment manufactures steel and aluminum beverage cans and ends. The European Food segment manufactures steel and aluminum food cans and ends, and metal vacuum closures. The European Specialty Packaging segment manufactures a wide variety of specialty containers, with numerous lid and closure variations. The Asia-Pacific division includes aerosol can business in Thailand, beverage can businesses in Cambodia, China, Malaysia, Singapore, Thailand and Vietnam and food can and closures business in Thailand. The company was founded by William Painter in 1892 and is headquartered in Philadelphia, PA.