RBC Capital analyst Arun Viswanathan reiterated a Buy rating on Crown Holdings (NYSE: CCK) on October 17 and set a price target of $59. The company’s shares closed on Friday at $45.39.
According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 6.6% and a 53.1% success rate. Viswanathan covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Westlake Chemical Corp, and Axalta Coating Systems.
Currently, the analyst consensus on Crown Holdings is a Moderate Buy with an average price target of $59.20, implying a 30.4% upside from current levels. In a report issued on October 11, Citigroup also maintained a Buy rating on the stock with a $59 price target.
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Crown Holdings’ market cap is currently $6.14B and has a P/E ratio of 20.45. The company has a Price to Book ratio of 6.52.
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.
