Crown (CCK) Downgraded to C at TheStreet

Crown (NYSE:CCK) was downgraded by TheStreet from a “b” rating to a “c” rating in a research report issued to clients and investors on Thursday.

Several other brokerages also recently issued reports on CCK. KeyCorp restated a “hold” rating on shares of Crown in a research note on Tuesday, December 19th. Barclays raised their price objective on shares of Crown from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Vertical Research upgraded shares of Crown from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th. Wells Fargo & Co lifted their price target on shares of Crown from $57.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Finally, Zacks Investment Research downgraded shares of Crown from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $64.27.

Shares of Crown (NYSE:CCK) opened at $51.12 on Thursday. The stock has a market cap of $7,009.19, a price-to-earnings ratio of 21.66, a PEG ratio of 1.71 and a beta of 1.42. The company has a debt-to-equity ratio of 4.60, a current ratio of 1.04 and a quick ratio of 0.57. Crown has a 52 week low of $50.47 and a 52 week high of $62.27.

Crown (NYSE:CCK) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.02 billion. Crown had a net margin of 3.71% and a return on equity of 56.47%. Crown’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share. research analysts expect that Crown will post 4.36 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Toronto Dominion Bank boosted its stake in Crown by 12.1% during the second quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock worth $102,000 after buying an additional 185 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Crown by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 5,103 shares of the industrial products company’s stock worth $304,000 after buying an additional 351 shares in the last quarter. Stifel Financial Corp boosted its stake in Crown by 1.8% during the second quarter. Stifel Financial Corp now owns 22,247 shares of the industrial products company’s stock worth $1,329,000 after buying an additional 395 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Crown by 40.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,988 shares of the industrial products company’s stock worth $179,000 after buying an additional 863 shares in the last quarter. Finally, Korea Investment CORP boosted its stake in Crown by 2.0% during the third quarter. Korea Investment CORP now owns 46,100 shares of the industrial products company’s stock worth $2,753,000 after buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 89.68% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://sportsperspectives.com/2018/02/10/crown-cck-downgraded-to-c-at-thestreet.html.

Crown Company Profile

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.

Analyst Recommendations for Crown (NYSE:CCK)

Receive News & Ratings for Crown Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply