In a report issued on October 12, Lars Kjellberg from Credit Suisse maintained a Hold rating on Crown Holdings (NYSE: CCK), with a price target of $53. The company’s shares closed on Friday at $46.08.
According to TipRanks.com, Kjellberg is ranked #1309 out of 4886 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Crown Holdings with a $59.50 average price target.
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Based on Crown Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.05 billion and net profit of $132 million. In comparison, last year the company earned revenue of $2.47 billion and had a net profit of $177 million.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CCK in relation to earlier this year.
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Crown Holdings, Inc. engages in the design, manufacture and sale of packaging products for consumer goods. It operates through the following geographical divisions: Americas, European, and Asia-Pacific. The Americas division includes operations in the U.S., Brazil, Canada, the Caribbean, Colombia and Mexico.
