Zacks Investment Research downgraded Crown Holdings, Inc. (NYSE:CCK) to Sell in a report released today.
- Updated: October 13, 2016
Zacks Investment Research has downgraded Crown Holdings, Inc. (NYSE:CCK) to Sell in a report released on Thursday October 13, 2016.
Previously on Friday September 30, 2016, RBC Capital Markets reported about Crown Holdings, Inc. (NYSE:CCK) raised the target price from $0.00 to $65.00. At the time, this indicated a possible upside of 0.15%.
Yesterday Crown Holdings, Inc. (NYSE:CCK) traded -0.32% lower at $55.29. The company’s 50-day moving average is $54.94 and its 200-day moving average is $53.00. The last stock close price is up 4.34% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 895,781 shares of the stock were exchanged, down from an average trading volume of 909,816
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Crown Holdings, Inc. has a 52 week low of $43.30 and a 52 week high of $57.46 with a price-earnings ratio of 16.96 Crown Holdings, Inc.’s market capitalization is presently $0.
A total of 12 brokerages have released a report on Crown Holdings, Inc.. Four brokerages rating the company a strong buy, three brokerages rating the company a buy, seven brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $59.00.
General Company Details For Crown Holdings, Inc. (NYSE:CCK)
Crown Holdings, Inc. 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 segments within the Americas Division are Americas Beverage and North America Food. The Company's segments 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 segments also include its European aerosol and specialty packaging business, its North American aerosol can business, and its tooling and equipment operations 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 operations in the United States and the United Kingdom.
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