Crown (CCK) Receiving Somewhat Positive Media Coverage, Study Shows

Media headlines about Crown (NYSE:CCK) have trended somewhat positive on Sunday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Crown earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 47.1079876080352 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Crown (NYSE CCK) traded up $0.18 during midday trading on Friday, reaching $58.97. 240,084 shares of the company’s stock were exchanged, compared to its average volume of 608,240. Crown has a 12 month low of $51.57 and a 12 month high of $61.61. The company has a market cap of $7,918.08, a PE ratio of 14.89, a price-to-earnings-growth ratio of 2.09 and a beta of 1.44. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.57 and a current ratio of 1.04.

Crown (NYSE:CCK) last released its earnings results on Wednesday, October 18th. The industrial products company reported $1.41 EPS for the quarter, hitting analysts’ consensus estimates of $1.41. Crown had a net margin of 5.64% and a return on equity of 60.44%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the business earned $1.33 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. sell-side analysts predict that Crown will post 4.03 earnings per share for the current fiscal year.

Several analysts have commented on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Crown in a research report on Monday, September 4th. Zacks Investment Research cut shares of Crown from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Barclays PLC boosted their price objective on shares of Crown from $69.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. Wells Fargo & Company boosted their price objective on shares of Crown from $57.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Finally, BidaskClub lowered shares of Crown from a “hold” rating to a “sell” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Crown currently has a consensus rating of “Hold” and an average price target of $64.20.

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Crown Company Profile

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.

Insider Buying and Selling by Quarter for Crown (NYSE:CCK)

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