On Oct 21, major Wall Street analysts update their ratings for $Crown Holdings (CCK.US)$, with price targets ranging from $105 to $129.
Morgan Stanley analyst Stefan Diaz maintains with a hold rating, and adjusts the target price from $105 to $109.
Barclays analyst Michael Leithead maintains with a buy rating, and adjusts the target price from $100 to $112.
Wells Fargo analyst Gabrial Hajde maintains with a hold rating, and maintains the target price at $105.
Jefferies analyst Philip Ng maintains with a buy rating, and adjusts the target price from $120 to $125.
Loop Capital analyst Alton Stump maintains with a buy rating, and adjusts the target price from $120 to $129.
Furthermore, according to the comprehensive report, the opinions of $Crown Holdings (CCK.US)$'s main analysts recently are as follows:
The firm acknowledges Crown Holdings' consistent performance for the third consecutive quarter, which is anticipated to bolster the narrative and its valuation multiple. They still consider Crown to be an attractive growth at a reasonable price opportunity, especially as the company increases the deployment of its surplus cash.
Crown Holdings remains well-regarded for its solid valuation relative to peers, consistent volume performance, progressive returns, and the possibility of strategic moves in the future. Although the company anticipates a net interest expense of $350M for the following year, it is believed that further repurchases could slightly elevate this figure. The recent adjustment in estimates has led to an increased valuation assessment.
The recent increase in expectations for Crown Holdings' annual earnings per share is driven by an impressive sharp uptick in third-quarter earnings per share and volumes that surpassed forecasts in both North America and Europe. This has led to an improved projection that takes into account the company's enhanced operating leverage.
Crown Holdings is positioned to consistently deliver on a competitive earnings algorithm, further catalyzed by share repurchases.
Here are the latest investment ratings and price targets for $Crown Holdings (CCK.US)$ from 6 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
