November 29, 2016 - By kentuckypostne · 0 Comments
Crown Holdings Inc (NYSE:CCK) institutional sentiment decreased to 1.05 in 2016 Q2. Its down -0.03, from 1.08 in 2016Q1. The ratio is negative, as 152 institutional investors increased and opened new stock positions, while 141 decreased and sold equity positions in Crown Holdings Inc. The institutional investors in our partner’s database now hold: 123.11 million shares, up from 122.50 million shares in 2016Q1. Also, the number of institutional investors holding Crown Holdings Inc in their top 10 stock positions was flat from 7 to 7 for the same number . Sold All: 29 Reduced: 112 Increased: 117 New Position: 35.
Crown Holdings, Inc. is engaged in the design, manufacture and sale of packaging products for consumer goods. The company has a market cap of $7.71 billion. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. It has a 15.39 P/E ratio. Within each Division, the Company is organized along product lines.
Crown Holdings, Inc. (NYSE:CCK) has risen 2.38% since April 26, 2016 and is uptrending. It has underperformed by 2.88% the S&P500.
Analysts await Crown Holdings, Inc. (NYSE:CCK) to report earnings on February, 1. They expect $0.72 EPS, up 2.86% or $0.02 from last year’s $0.7 per share. CCK’s profit will be $101.10 million for 19.07 P/E if the $0.72 EPS becomes a reality. After $1.33 actual EPS reported by Crown Holdings, Inc. for the previous quarter, Wall Street now forecasts -45.86% negative EPS growth.
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.”
Grand Jean Capital Management Inc holds 5.75% of its portfolio in Crown Holdings, Inc. for 262,899 shares. Osterweis Capital Management Inc owns 1.51 million shares or 4.87% of their US portfolio. Moreover, Avenir Corp has 4.63% invested in the company for 1.12 million shares. The Connecticut-based Sasco Capital Inc Ct has invested 3.79% in the stock. Marshall & Sullivan Inc Wa, a Washington-based fund reported 54,355 shares.#img1#
Ratings analysis reveals 50% of Crown Holdings’s analysts are positive. Out of 10 Wall Street analysts rating Crown Holdings, 5 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $55 while the high is $65. The stock’s average target of $60 is 9.27% above today’s ($54.91) share price. CCK was included in 18 notes of analysts from July 22, 2015. The rating was maintained by Credit Suisse with “Neutral” on Tuesday, April 19. On Tuesday, November 10 the stock rating was initiated by Macquarie Research with “Outperform”. TheStreet upgraded the shares of CCK in a report on Wednesday, July 22 to “Buy” rating. Goldman Sachs initiated the stock with “Neutral” rating in Thursday, May 12 report. The stock of Crown Holdings, Inc. (NYSE:CCK) has “Outperform” rating given on Friday, September 30 by RBC Capital Markets. The company was downgraded on Thursday, November 12 by Wells Fargo. On Monday, April 25 the stock rating was downgraded by Vertical Research to “Hold”. On Tuesday, September 15 the stock rating was downgraded by Bank of America to “Neutral”. Macquarie Research maintained Crown Holdings, Inc. (NYSE:CCK) rating on Friday, February 5. Macquarie Research has “Outperform” rating and $58 price target. The company was upgraded on Friday, February 19 by Bank of America.
Crown Holdings, Inc., incorporated on February 7, 2003, is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each Division, the Company is organized along product lines. The Company’s divisions within the Americas Division are Americas Beverage and North America Food. The Company’s divisions within the European Division are European Beverage and European Food. The Company’s Asia Pacific Division segment consists of its beverage and non-beverage can operations. The Company’s divisions also include its European aerosol and specialty packaging business, its North American aerosol can business, and its tooling and equipment activities in the Unites States and the United Kingdom. It operates over 150 plants along with sales and service facilities throughout over 40 countries. It also has canmaking and spare part activities in the United States and the United Kingdom.
More recent Crown Holdings, Inc. (NYSE:CCK) news were published by: Prnewswire.com which released: “Crown Holdings, Inc. Reports Second Quarter 2016 Results” on July 20, 2016. Also Prnewswire.com published the news titled: “Crown Holdings, Inc. Elects Rose Lee To Its Board Of Directors” on July 29, 2016. Prnewswire.com‘s news article titled: “Crown Holdings Announces Senior Notes Offerings” with publication date: September 07, 2016 was also an interesting one.
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