Last Updated: 08 Nov 2024
Executive Summary
Crown Holdings Inc. (CCK) is a leading manufacturer of metal cans and packaging solutions for consumer goods and industrial products. The company has a strong financial position, with a market capitalization of $11.25 billion and an EBITDA of $1.85 billion. CCK's stock is currently trading at $92.92, with a trailing PE ratio of 114.72 and a forward PE ratio of 13.59. Analysts have a positive outlook on the stock, with a consensus target price of $111.14.
Company Overview
Crown Holdings Inc. is headquartered in Yardley, Pennsylvania, and has operations in the Americas, Europe, and Asia Pacific. The company's products include beverage cans, food cans, aerosol cans, and closures. CCK also provides packaging equipment and services to its customers.
Fundamental Analysis
CCK's financial performance has been strong in recent years. The company's revenue has grown from $10.7 billion in 2019 to $11.76 billion in 2023. Net income has also increased significantly, from $514 million in 2019 to $867 million in 2023. CCK's profit margin has remained relatively stable at around 8%.
The company's balance sheet is also strong. CCK has a low level of debt and a high level of cash on hand. The company's return on assets and return on equity are both above industry average.
Technical Analysis
CCK's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The relative strength index (RSI) is also above 50, indicating that the stock is in a bullish trend.
Short Term Outlook
Analysts are positive on CCK's short-term outlook. The company is expected to continue to benefit from strong demand for its products. CCK's stock price could reach $100 in the next 12 months.
Long Term Outlook
Analysts are also positive on CCK's long-term outlook. The company is expected to continue to grow its revenue and earnings in the coming years. CCK's stock price could reach $150 in the next 5 years.
Analyst Recommendations
Analysts have a consensus rating of "Buy" on CCK's stock. The average target price is $111.14.
