Mizuho Securities analyst Edlain Rodriguez maintains $Crown Holdings (CCK.US)$ with a buy rating, and sets the target price at $100.
According to TipRanks data, the analyst has a success rate of 49.0% and a total average return of 3.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Crown Holdings (CCK.US)$'s main analysts recently are as follows:
The analyst notes that in 2024, Packaging underperformed the S&P 500 by approximately 22%, while the Paper/Forest sector saw a relative decline of 7%, primarily due to ongoing volume weaknesses. Furthermore, the analyst expressed a preference for the Packaging sector over the Paper/Forest sector.
The sector of packagers notably underperformed in the previous year due to dull volumes coupled with price and cost pressures leading to negative revisions in forecasts. Nevertheless, it is reported that CEOs within the packaging industry are now exhibiting a heightened sense of urgency, actively pursuing mergers and acquisitions to strengthen their market position.
The overarching sentiment for the chemicals packaging sector is cautious as projected weakness in the March quarter mirrors the conditions seen at the close of the December quarter. The assessment suggests defensive positions in selected stocks characterized by their attractive valuations. Recommendations are predominantly for consumer-facing chemicals and packaging, though none have achieved 'top pick' status.
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.
