Crown Holdings (CCK) Receives a Buy from RBC Capital

In a report released yesterday, 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 $82.37.

Viswanathan covers the Basic Materials sector, focusing on stocks such as Axalta Coating Systems, FMC, and PPG Industries. According to TipRanks, Viswanathan has an average return of 3.2% and a 58.91% success rate on recommended stocks.

In addition to RBC Capital, Crown Holdings also received a Buy from Barclays’s Michael Leithead in a report issued on May 1. However, on the same day, Wells Fargo assigned a Hold rating to Crown Holdings (NYSE: CCK).

CCK market cap is currently $10.03B and has a P/E ratio of 23.95.

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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.