Crown Holdings (CCK) Receives Price Target

Crown Holdings (CCK) : Average target price received by Crown Holdings (CCK) is $60.6 with an expected standard deviation of $2.79. The most aggressive target on the stock is $64, whereas the most downbeat target is $58. 5 financial analysts are currently covering the stock.

Crown Holdings (CCK) : 4 brokerage houses believe that Crown Holdings (CCK) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Crown Holdings (CCK). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 1.86.


Also, Brokerage firm Barclays maintains its rating on Crown Holdings (NYSE:CCK). As per the latest information, the brokerage house raises the price target to $64 per share from a prior target of $62. The shares have been rated Overweight. The rating by the firm was issued on July 25, 2016.

Crown Holdings (NYSE:CCK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.19 and $54.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.77, notching a gain of 1.00% for the day. The total traded volume was 1,406,793 . The stock had closed at $54.23 on the previous day.

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.

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