Jefferies Maintains Crown Holdings to Buy with Price Target $63.00

Brokerage firm Jefferies Maintains its rating on Crown Holdings(NYSE:CCK). In a research note issued to the investors, the brokerage major Raises the price-target to $63.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Jul 14, 2016.

In a different note, On Jun 1, 2016, Goldman Sachs said it Assumes its rating on Crown Holdings. The shares have been rated ‘Neutral’ by the firm. Goldman Sachs said it Initiates Coverage on Crown Holdings, according to a research note issued on May 12, 2016. The shares have been rated ‘Neutral’ by the firm. On Apr 25, 2016, Vertical Research said it Downgrades its rating on Crown Holdings. The shares have been rated ‘Hold’ by the firm. On Apr 19, 2016, Credit Suisse said it Maintains its rating on Crown Holdings. In the research note, the firm Raises the price-target to $54.00 per share. The shares have been rated ‘Neutral’ by the firm.

Crown Holdings (CCK) made into the market gainers list on Mondays trading session with the shares advancing 0.17% or 0.09 points. Due to strong positive momentum, the stock ended at $51.87, which is also near the day’s high of $51.97. The stock began the session at $51.64 and the volume stood at 10,03,413 shares. The 52-week high of the shares is $55.44 and the 52 week low is $43.3. The company has a current market capitalization of $7,235 M and it has 13,94,77,290 shares in outstanding.

Crown Holdings(CCK) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.89B. Analysts had an estimated revenue of $2.03B. Earnings per share were $0.69. Analysts had estimated an EPS of $0.63.

Several Insider Transactions has been reported to the SEC. On May 27, 2016, Robert H Jr Bourque (President – Asia Pacific Div.) sold 715 shares at $52.41 per share price.Also, On May 19, 2016, David A. Beaver (VP and Corporate Controller) sold 1,000 shares at $53.31 per share price.On May 16, 2016, Jozef Salaerts (Former Pres – Asia Pacific Div) sold 1,500 shares at $54.61 per share price, according to the Form-4 filing with the securities and exchange commission.

Crown Holdings Inc. is engaged in 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. 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 Company’s Asia Pacific Division consists of beverage can operations and also includes the Company’s 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 Company’s products include steel and aluminum cans for food beverage household and other consumer products and metal vacuum closures and caps.

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