RBC Capital Reaffirms Their Buy Rating on Crown Holdings (CCK)


RBC Capital analyst Arun Viswanathan reiterated a Buy rating on Crown Holdings (NYSE: CCK) on October 19 and set a price target of $58. 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.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Crown Holdings with a $59.20 average price target, 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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Based on Crown Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.17 billion and net profit of $164 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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