CROWN HOLDINGS, INC.

CCK
Real-time Estimate Quote. Real-time Estimate  - 11/24 02:37:00 pm
97.245USD +1.54%

Crown Holdings, Inc. : There is still some upside potential

Eliot Reboul
Junior Analyst

Strategy published on : 11/20/2020 | 10:31

long trade
Live

Entry price : 96.45$
Target : 106$
Stop-loss : 91$
Potential : 9.9%

Crown Holdings, Inc.'s shares display attractive technical aspects to anticipate a comeback of the underlying trend.
Investors have an opportunity to buy the stock and target the $ 106.

Summary

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 66.01 USD


Weaknesses

● The company is in debt and has limited leeway for investment

● The group usually releases earnings worse than estimated.

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