KeyBanc analyst Adam Josephson maintained a Hold rating on Crown Holdings (NYSE: CCK) today. The company’s shares opened today at $45.86.
Josephson said:
“We believe CCK’s guidance implies a modest organic EBIT decline in 2018; the Company has had difficulty generating consistent organic EBIT growth in years past, as have most other U.S. packaging companies. CCK trades at a reasonable valuation on EBITDA and cash flow, in our view, in line with its historical EBITDA multiple.”
According to TipRanks.com, Josephson is a 4-star analyst with an average return of 7.7% and a 66.2% success rate. Josephson covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Avery Dennison Corp, and Graphic Packaging.
Currently, the analyst consensus on Crown Holdings is a Moderate Buy with an average price target of $59.50, which is a 29.7% upside from current levels. In a report issued on October 12, Credit Suisse also maintained a Hold rating on the stock with a $53 price target.
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The company has a one-year high of $62.27 and a one-year low of $40.09. Currently, Crown Holdings has an average volume of 2.36M.
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.
