Fly Intel: After-Hours Movers » 18:5310/1910/19/20
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Crown Holdings up 5% to $86 after Q3 results, guidance top estimates 16:2110/1910/19/20
Crown Holdings sees FY20 adjusted EPS $5.65-$5.70, consensus $5.18 » 16:1910/1910/19/20
The adjusted effective…
Crown Holdings sees Q4 adjusted EPS $1.22-$1.27, consensus $1.15 16:1810/1910/19/20
Crown Holdings to initiate dividend 'of at least' 20c beginning Q1 2021 » 16:1710/1910/19/20
As part of its ongoing…
Crown Holdings reports Q3 adjusted EPS $1.96, consensus $1.58 » 16:1610/1910/19/20
Reports Q3 revenue…
Reports Q3 revenue $3.167B, consensus $3.04B.
Crown Holdings assumed with an Outperform at Credit Suisse » 15:0410/1610/16/20
Credit Suisse analyst…
Credit Suisse analyst Curt Woodworth assumed coverage of Crown Holdings with an Outperform rating and $111 price target. The North American aluminum can market has seen growth sharply accelerate at a time when the industry is facing deficit conditions, which he sees meaning that pricing power can "accelerate sharply." His channel checks indicate can pricing is increasing by 5-8% for most sizes, the analyst added.
Crown Holdings initiated with a Buy at Seaport Global » 09:4110/1410/14/20
Seaport Global analyst…
Seaport Global analyst Salvator Tiano initiated coverage of Crown Holdings with a Buy rating and $92 price target. The analyst initiated coverage on nine stocks within the rigid/flexible packaging sector: He has a favorable sector view, highlighting its "defensive characteristics in a time of elevated macro uncertainty." Tiano favors Crown given its leverage to projected growth in beverage cans and "attractive" valuation.
|Over a week ago|
Crown Holdings price target raised to $90 from $82 at Jefferies » 09:2510/0710/07/20
Jefferies analyst Philip…
Jefferies analyst Philip Ng raised the firm's price target on Crown Holdings to $90 from $82 and keeps a Buy rating on the shares, noting that it has been a year since the company announced a portfolio review and he believes an update may be coming soon. He could see Crown divesting its European Food Can business or its Signode business and using the proceeds to cut debt and buy back stock, adding that in either of these scenarios he sees a catalyst for shares to re-rate to $100. However, Ng thinks that a decision to keep all of its businesses would be viewed as a letdown and there is a risk of shares pulling back on such news given the increased expectations that management will provide an update on its portfolio review and divests non-core assets soon.
|Over a month ago|
Crown Holdings price target raised to $85 from $81 at JPMorgan » 08:2109/1809/18/20
JPMorgan analyst Jeffrey…
JPMorgan analyst Jeffrey Zekauskas raised the firm's price target on Crown Holdings to $85 from $81 and keeps an Overweight rating on the shares. The company's earnings should accelerate in 2021 as can demand conditions "remain healthy" and much of its operations are likely to cyclically recover, Zekauskas tells investors in a research note.