Crown Holdings (NYSE:CCK) : 7 analysts are covering Crown Holdings (NYSE:CCK) and their average rating on the stock is 1.86, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Crown Holdings (NYSE:CCK) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $62 and the lowest price target forecast is $55. The average forecast of all the analysts is $59.4 and the expected standard deviation is $2.97.
For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Goldman Sachs assumes its ratings on Crown Holdings (NYSE:CCK). In the latest research report, Goldman Sachs announces the target price to $60 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 1, 2016.
Crown Holdings (NYSE:CCK): stock turned positive on Tuesday. Though the stock opened at $48.65, the bulls momentum made the stock top out at $49.54 level for the day. The stock recorded a low of $48.33 and closed the trading day at $49.48, in the green by 2.32%. The total traded volume for the day was 1,072,923. The stock had closed at $48.36 in the previous days trading.
In an insider trading activity,The (President – Asia Pacific Div.) of Crown Holdings Inc, Bourque Robert H Jr sold 715 shares at $52.41 on May 26, 2016. The Insider selling transaction had a total value worth of $37,473. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Crown Holdings, Inc. is engaged in design, manufacture and sale of packaging products for consumer goods. The Companys business is organized within three divisions, Americas, Europe and Asia Pacific. Within each Division, the Company is organized along product lines. Within the Americas Division, the Company operates Americas Beverage and North America Food. Within the European Division, the Company operates European Beverage and European Food. The Companys Asia Pacific Division consists of beverage can operations and also includes the Companys non-beverage can operations, such as food cans and specialty packaging. The Company also operates European aerosol and specialty packaging business, its North American aerosol can business and its tooling and equipment operations in the United States and United Kingdom. The Companys products include steel and aluminum cans for food, beverage, household and other consumer products, and metal vacuum closures and caps.