Crown Holdings Announces Conditional Redemption of Senior Notes

The latest announcement is out from Crown Holdings ( (CCK) ).

Crown Holdings, Inc. has announced a conditional notice of redemption for the 4.750% Senior Notes due 2026, with an aggregate principal amount of $875 million, to be redeemed on June 15, 2025. This redemption is contingent upon the issuance of $700 million in 5.875% Senior Notes due 2033, with no guarantee that the condition will be met, potentially affecting the company’s financial strategy and stakeholders.

The most recent analyst rating on (CCK) stock is a Buy with a $94.00 price target. To see the full list of analyst forecasts on Crown Holdings stock, see the CCK Stock Forecast page.

Spark’s Take on CCK Stock

According to Spark, TipRanks’ AI Analyst, CCK is a Outperform.

Crown Holdings demonstrates a solid financial foundation with strong profitability and an improving balance sheet. Technical indicators are favorable but caution is warranted due to potential overbought conditions. Valuation is reasonable, and the positive earnings outlook further supports the stock’s potential. However, challenges remain in certain segments and external factors like tariffs could pose risks.

To see Spark’s full report on CCK stock, click here.

More about Crown Holdings

Crown Holdings, Inc. is a Pennsylvania-based company with subsidiaries like Crown Americas LLC and Crown Americas Capital Corp. VI. It operates in the packaging industry, focusing on producing metal packaging products for consumer goods.

Average Trading Volume: 1,372,282

Technical Sentiment Signal: Buy

Current Market Cap: $11.61B

Learn more about CCK stock on TipRanks’ Stock Analysis page.