Morgan Stanley Increases Crown Holdings Price Target to $105.00
January 13, 2023
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CROWN HOLDINGS ($NYSE:CCK) is a leading global packaging company with a broad portfolio of products and services. It specializes in consumer packaging, aerospace and defense packaging, and industrial and specialty packaging. The company’s stock is listed on the New York Stock Exchange and trades under the symbol CCK. Morgan Stanley’s new price target reflects the company’s strong performance in recent quarters and its outlook for continued growth in the future. Morgan Stanley analysts cite a number of reasons for their bullishness on Crown Holdings. The company’s strong balance sheet, supported by its strong cash flow generation, is a major factor in their positive outlook.
Additionally, the analysts point to the company’s success in organic growth, cost synergies, and M&A activity as key drivers of its success. Crown Holdings has also benefited from a favorable macroeconomic environment. The global packaging market is expected to continue to expand over the next few years, driven by strong demand from end-use industries such as food, beverage, and pharmaceuticals. Furthermore, global trends such as e-commerce and sustainability are driving demand for Crown’s packaging solutions. Overall, Morgan Stanley’s new price target for Crown Holdings reflects the company’s strong fundamentals and favorable macroeconomic conditions. Investors should consider taking advantage of the new price target and taking a long position in the company’s stock.
Price History
This news boosted the stock, as it opened at $85.8 and closed at $86.5, up 2.1% from the prior closing price of $84.7. The market is optimistic about Crown Holdings‘ performance, and analysts expect the stock to continue climbing. Crown Holdings is a leading global packaging company and one of the largest producers of metal cans, glass jars, and plastic containers in the world. The company manufactures products for the food, beverage, healthcare, household, personal care, and automotive industries. The increased price target from Morgan Stanley is based on the company’s strong financial performance and outlook.
The company has seen steady revenue growth in recent quarters and is forecasting continued growth in the future. Overall, investors are optimistic about Crown Holdings’ future prospects and have reacted positively to Morgan Stanley’s increased price target. With a strong financial performance and an attractive valuation, Crown Holdings looks set to continue its upward trajectory in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Crown Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 12.98k | -363 | -2.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Crown Holdings. More…
| Operations | Investing | Financing |
| 794 | -696 | -1.8k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Crown Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.22k | 12.09k | 13.89 |
Key Ratios Snapshot
Some of the financial key ratios for Crown Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.8% | 4.3% | -1.0% |
| FCF Margin | ROE | ROA |
| -0.9% | -4.8% | -0.6% |
VI Analysis
Investors looking for consistent and sustainable dividends may be interested in CROWN HOLDINGS, which has been classified as a “cow” according to VI Star Chart. This company has strong fundamentals, with medium scores in asset, dividend, profitability and weak scores in growth. With a high health score of 8/10 with regard to its cashflows and debt, CROWN HOLDINGS is capable of sustaining future operations in times of crisis. The VI app provides a simple analysis of the company’s long-term potential by breaking down the fundamentals. This makes it easy for investors to make informed decisions. The company’s financial strength allows it to pay out consistent and sustainable dividends, making it attractive to long-term investors. Additionally, the company’s weak growth score and medium scores in other categories indicate that it is unlikely to experience sudden spikes or drops in performance. Overall, CROWN HOLDINGS is an attractive option for investors looking for consistent and sustainable dividends. The company’s strong financials and solid fundamentals make it a reliable long-term investment. The VI app provides an easy-to-use analysis of the company’s fundamentals, helping investors make informed decisions. More…
VI Peers
Crown Holdings Inc. is one of the leading companies in the metal packaging industry. It has a strong presence in North America, Europe, and Asia. The company’s main competitors are Great China Metal Industry Co Ltd, Xiamen Jihong Technology Co Ltd, Huhtamäki Oyj.
– Great China Metal Industry Co Ltd ($TWSE:9905)
Great China Metal Industry Co Ltd is a Chinese company that manufactures metal products. Its market cap as of 2022 is 7.44B and its ROE is 5.87%. The company has a wide range of products that it manufactures, including metal pipes, metal plates, metal sheets, and metal wire. It also has a wide range of customers, including both domestic and international companies.
– Xiamen Jihong Technology Co Ltd ($SZSE:002803)
Xiamen Jihong Technology Co Ltd is a Chinese company that manufactures and sells electronic products. The company has a market cap of 4.46B as of 2022 and a Return on Equity of 6.26%. The company’s products include mobile phones, digital cameras, and other electronic devices.
– Huhtamäki Oyj ($LTS:0K9W)
Huthamaki Oyj is a Finnish food packaging company. It is headquartered in Espoo, Finland. The company was founded in 1920. It is listed on the Nasdaq Helsinki stock exchange. The company’s products include paper and plastic cups, plates, and containers. The company has operations in Europe, Asia, and North America.
Summary
This indicates that the firm believes that Crown Holdings is a strong investment. Crown Holdings is an American packaging company that specializes in the design and production of metal, paper and plastic packaging products. The company operates in four segments: Beverage, Consumer, Food and Aerosol. Its products are used in a variety of industries, including food, beverage, home and personal care, and specialty packaging.
The company has a strong presence in North America and Europe, with significant growth opportunities in emerging markets. Analysts believe Crown Holdings’ focus on innovation and quality will help the company gain market share.
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