Crown Holdings (NYSE:CCK): Jefferies Reiterates Buy Rating Today, Has a Target of $70.0/Share

August 31, 2017 - By Richard Conner

 Crown Holdings (NYSE:CCK): Jefferies Reiterates Buy Rating Today, Has a Target of $70.0/Share

Investors sentiment decreased to 0.9 in Q4 2016. Its down 0.15, from 1.05 in 2016Q3. It is negative, as 42 investors sold Crown Holdings, Inc. shares while 120 reduced holdings. 38 funds opened positions while 108 raised stakes. 124.33 million shares or 0.10% more from 124.20 million shares in 2016Q3 were reported.

Neuberger Berman Group Incorporated Lc reported 1.61M shares. Ubs Oconnor Ltd Liability Com reported 484,751 shares. Picton Mahoney Asset owns 12,600 shares for 0.05% of their portfolio. Echo Street Limited Liability Corp accumulated 0.32% or 152,977 shares. Amalgamated Commercial Bank holds 23,985 shares or 0.06% of its portfolio. Bridgeway Capital Mgmt Inc reported 0.04% stake. Great West Life Assurance Can has invested 0.01% of its portfolio in Crown Holdings, Inc. (NYSE:CCK). Northern Corp holds 0.01% or 814,179 shares. Pictet Asset Management Limited, United Kingdom-based fund reported 49,700 shares. Glenmede Tru Co Na invested in 76,182 shares or 0.02% of the stock. Vanguard Gp reported 0.03% of its portfolio in Crown Holdings, Inc. (NYSE:CCK). Royal Commercial Bank Of Canada holds 0.01% in Crown Holdings, Inc. (NYSE:CCK) or 438,920 shares. Primecap Mgmt Ca has invested 0.01% in Crown Holdings, Inc. (NYSE:CCK). Emerald Mutual Fund Advisers, Pennsylvania-based fund reported 4,061 shares. Nomura Asset Ltd reported 17,569 shares stake.

Since May 19, 2017, it had 0 insider buys, and 1 insider sale for $56,048 activity.

Crown Holdings (NYSE:CCK) Rating Reaffirmed

Analysts at Jefferies now has a $70.0 target price per share on Crown Holdings (NYSE:CCK). Jefferies and their recent target price per share means a potential upside of 19.62 % from the company’s last stock price. The rating has been disclosed to clients in a research report on Monday morning.

Investors sentiment decreased to 0.9 in Q4 2016. Its down 0.15, from 1.05 in 2016Q3. It is negative, as 42 investors sold Crown Holdings, Inc. shares while 120 reduced holdings. 38 funds opened positions while 108 raised stakes. 124.33 million shares or 0.10% more from 124.20 million shares in 2016Q3 were reported.

Neuberger Berman Group Incorporated Lc reported 1.61M shares. Ubs Oconnor Ltd Liability Com reported 484,751 shares. Picton Mahoney Asset owns 12,600 shares for 0.05% of their portfolio. Echo Street Limited Liability Corp accumulated 0.32% or 152,977 shares. Amalgamated Commercial Bank holds 23,985 shares or 0.06% of its portfolio. Bridgeway Capital Mgmt Inc reported 0.04% stake. Great West Life Assurance Can has invested 0.01% of its portfolio in Crown Holdings, Inc. (NYSE:CCK). Northern Corp holds 0.01% or 814,179 shares. Pictet Asset Management Limited, United Kingdom-based fund reported 49,700 shares. Glenmede Tru Co Na invested in 76,182 shares or 0.02% of the stock. Vanguard Gp reported 0.03% of its portfolio in Crown Holdings, Inc. (NYSE:CCK). Royal Commercial Bank Of Canada holds 0.01% in Crown Holdings, Inc. (NYSE:CCK) or 438,920 shares. Primecap Mgmt Ca has invested 0.01% in Crown Holdings, Inc. (NYSE:CCK). Emerald Mutual Fund Advisers, Pennsylvania-based fund reported 4,061 shares. Nomura Asset Ltd reported 17,569 shares stake.

Since May 19, 2017, it had 0 insider buys, and 1 insider sale for $56,048 activity.

Crown Holdings, Inc. (NYSE:CCK) Ratings Coverage

Among 13 analysts covering Crown Holdings (NYSE:CCK), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Crown Holdings has $7000 highest and $55 lowest target. $63.22’s average target is 8.03% above currents $58.52 stock price. Crown Holdings had 33 analyst reports since July 22, 2015 according to SRatingsIntel. Bank of America upgraded Crown Holdings, Inc. (NYSE:CCK) on Friday, February 19 to “Buy” rating. As per Friday, July 21, the company rating was maintained by RBC Capital Markets. The rating was maintained by Jefferies on Thursday, July 13 with “Buy”. Goldman Sachs initiated the stock with “Neutral” rating in Thursday, May 12 report. The stock of Crown Holdings, Inc. (NYSE:CCK) has “Buy” rating given on Monday, July 10 by RBC Capital Markets. The firm has “Outperform” rating given on Friday, September 30 by RBC Capital Markets. The stock has “Outperform” rating by Macquarie Research on Tuesday, November 10. The company was maintained on Monday, July 24 by Barclays Capital. Jefferies maintained the stock with “Buy” rating in Thursday, May 25 report. Macquarie Research maintained the stock with “Outperform” rating in Friday, February 5 report.

About 8,866 shares traded. Crown Holdings, Inc. (NYSE:CCK) has risen 7.50% since August 31, 2016 and is uptrending. It has underperformed by 9.20% the S&P500.

Crown Holdings, Inc. is engaged in the design, manufacture and sale of packaging products for consumer goods. The company has market cap of $7.90 billion. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. It has a 16.76 P/E ratio. Within each division, the Company is organized along product lines.

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