Morgan Stanley (NYSE:MS) analyst Neel Kumar maintained a Hold rating on Crown Holdings (NYSE:CCK) on Thursday, setting a price target of $74, which is approximately 4.68% above the present share price of $70.69.
Kumar expects Crown Holdings to post earnings per share (EPS) of $0.95 for the third quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in Crown Holdings, with an average price target of $79.75.
The analysts price targets range from a high of $86 to a low of $71.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $2.69 billion and a net profit of $278 million. The company's market cap is $9.54 billion.
According to TipRanks.com, Morgan Stanley analyst Neel Kumar is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 0.1% and a 41.67% success rate.
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 (NYSE:PKG) 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.