In a report released on April 23, Arun Viswanathan from RBC Capital maintained a Buy rating on Crown Holdings (CCK – Research Report), with a price target of $97.00. The company’s shares closed yesterday at $78.83.
Viswanathan covers the Basic Materials sector, focusing on stocks such as PPG Industries, Axalta Coating Systems, and Corteva. According to TipRanks, Viswanathan has an average return of 3.6% and a 55.49% success rate on recommended stocks.
In addition to RBC Capital, Crown Holdings also received a Buy from Robert W. Baird’s Ghansham Panjabi in a report issued on April 15. However, on April 11, Wells Fargo assigned a Hold rating to Crown Holdings (NYSE: CCK).
CCK market cap is currently $9.49B and has a P/E ratio of 20.90.
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Crown Holdings (CCK) Company Description:
Crown Holdings, Inc. engages in the design, manufacture and sale of packaging products for consumer goods. Its products include Beverage Cans and Glass Bottles, Food Cans and Closures, Transit Packaging and Aerosol Cans. The firm 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. The European division refers to the operations in Europe, the Middle East and Africa. The Asia-Pacific division is a reportable segment which primarily consists of beverage can operations in Cambodia, China, Indonesia, Malaysia, Singapore, Thailand and Vietnam and also includes the Company’s non-beverage can operations, primarily food cans and specialty packaging in China, Singapore, Thailand and Vietnam. The company was founded by William Painter in 1892 and is headquartered in Philadelphia, PA.
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