The stock of Crown Holdings, Inc. (NYSE:CCK) hit a new 52-week high and has $69.92 target or 22.00% above today’s $57.31 share price. The 9 months bullish chart indicates low risk for the $8.00B company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $69.92 price target is reached, the company will be worth $1.76B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 505,141 shares traded hands. Crown Holdings, Inc. (NYSE:CCK) has risen 22.74% since February 26, 2016 and is uptrending. It has outperformed by 12.31% the S&P500.
Analysts await Crown Holdings, Inc. (NYSE:CCK) to report earnings on October, 17. They expect $1.30 earnings per share, down 2.99% or $0.04 from last year’s $1.34 per share. CCK’s profit will be $181.47 million for 11.02 P/E if the $1.30 EPS becomes a reality. After $1.19 actual earnings per share reported by Crown Holdings, Inc. for the previous quarter, Wall Street now forecasts 9.24% EPS growth.
Crown Holdings, Inc. (NYSE:CCK) Ratings Coverage
Out of 10 analysts covering Crown Holdings (NYSE:CCK), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. $65 is the highest target while $55 is the lowest. The $60 average target is 4.69% above today’s ($57.31) stock price. Crown Holdings has been the topic of 18 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Macquarie Research on Friday, February 5 with “Outperform”. The firm has “Buy” rating by TheStreet given on Wednesday, July 22. The firm has “Neutral” rating by Bank of America given on Tuesday, September 15. The firm has “Outperform” rating given on Friday, September 30 by RBC Capital Markets. The firm has “Neutral” rating given on Thursday, May 12 by Goldman Sachs. Bank of America upgraded the shares of CCK in a report on Friday, February 19 to “Buy” rating. Credit Suisse maintained it with “Neutral” rating and $58 target price in Tuesday, April 19 report. The firm has “Hold” rating given on Monday, April 25 by Vertical Research. The stock has “Outperform” rating given by Macquarie Research on Tuesday, November 10. The firm has “Market Perform” rating by Wells Fargo given on Thursday, November 12.
According to Zacks Investment Research, “Crown Cork & Seal is a leading supplier of packaging products to consumer marketing companies around the world. World headquarters are located in Philadelphia, Pennsylvania.”
Insitutional Activity: The institutional sentiment increased to 1.08 in 2016 Q2. Its up 0.12, from 0.96 in 2016Q1. The ratio increased, as 29 funds sold all Crown Holdings, Inc. shares owned while 112 reduced positions. 35 funds bought stakes while 117 increased positions. They now own 123.11 million shares or 0.50% more from 122.50 million shares in 2016Q1.
Skylands Limited Liability Company last reported 0.05% of its portfolio in the stock. Capstone Investment Lc accumulated 0.05% or 50,070 shares. Laurion Cap Management Limited Partnership holds 17,500 shares or 0.01% of its portfolio. Employees Retirement Of Texas reported 241,900 shares or 0.17% of all its holdings. British Columbia Invest Management Corp last reported 79,220 shares in the company. Delta Lloyd Nv has 10,074 shares for 0.02% of their US portfolio. The Minnesota-based Us Financial Bank De has invested 0.01% in Crown Holdings, Inc. (NYSE:CCK). Moreover, California State Teachers Retirement Sys has 0.03% invested in Crown Holdings, Inc. (NYSE:CCK) for 284,724 shares. Eagle Asset Mgmt Inc last reported 0.03% of its portfolio in the stock. Moreover, Caxton Assoc L P has 0.28% invested in Crown Holdings, Inc. (NYSE:CCK) for 200,000 shares. Mutual Of America Capital Management Ltd Limited Liability Company holds 39,589 shares or 0.04% of its portfolio. Massachusetts Svcs Company Ma, a Massachusetts-based fund reported 8.98 million shares. Hightower Advisors Limited Liability Company has 0.02% invested in the company for 32,100 shares. Veritable Limited Partnership last reported 10,528 shares in the company. Amp Cap Investors Limited reported 88,467 shares or 0.03% of all its holdings.
Insider Transactions: Since April 25, 2016, the stock had 0 insider purchases, and 6 insider sales for $2.23 million net activity. $159,780 worth of Crown Holdings, Inc. (NYSE:CCK) was sold by LOLIGER HANS J on Friday, April 29. On Tuesday, May 17 the insider Beaver David A. sold $53,310. 715 shares were sold by Bourque Robert H Jr, worth $37,471 on Thursday, May 26. Shares for $81,915 were sold by Salaerts Jozef. $806,850 worth of Crown Holdings, Inc. (NYSE:CCK) shares were sold by Gifford Gerard H.
More news for Crown Holdings, Inc. (NYSE:CCK) were recently published by: Prnewswire.com, which released: “Crown Holdings Announces Senior Notes Offerings” on September 07, 2016. Finance.Yahoo.com‘s article titled: “Crown Holdings Schedules Third Quarter 2016 Earnings Conference Call” and published on September 27, 2016 is yet another important article.
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