Analyst Rating Update on Crown Holdings (CCK)

Crown Holdings (CCK) : The consensus on Crown Holdings (CCK) based on 7 analyst recommendation on the company stock is 1.86, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Crown Holdings (CCK) : The highest level Crown Holdings (CCK) is projected to reach is $64 for the short term and the lowest estimate is at $55. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $60 and the possibility the share price can swing is $3.67.

For the current week, the company shares have a recommendation consensus of Buy.


Crown Holdings (NYSE:CCK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.46 and $52.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.79, notching a gain of 0.44% for the day. The total traded volume was 800,968 . The stock had closed at $52.56 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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