Jefferies Remains a Buy on Crown Holdings (CCK)

Jefferies analyst Philip Ng maintained a Buy rating on Crown Holdings (CCKResearch Report) yesterday and set a price target of $120.00. The company’s shares opened today at $96.69.

Ng covers the Basic Materials sector, focusing on stocks such as Crown Holdings, Eagle Materials, and Martin Marietta Materials. According to TipRanks, Ng has an average return of 9.6% and a 59.60% success rate on recommended stocks.

Crown Holdings has an analyst consensus of Strong Buy, with a price target consensus of $123.08, implying a 27.29% upside from current levels. In a report released on August 5, Citigroup also maintained a Buy rating on the stock with a $116.00 price target.

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CCK market cap is currently $11.73B and has a P/E ratio of -33.10.

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CCK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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