Analyst Constantin Hesse of Jefferies maintained a Buy rating on Krones AG, with a price target of €165.00.
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Constantin Hesse has given his Buy rating due to a combination of factors that underscore Krones AG’s resilience and growth visibility in a challenging environment. The company reported a strong first quarter, with order intake notably exceeding market expectations and a book‑to‑bill ratio above one, which lifted the order backlog back to record levels and supports future revenue.
At the same time, profitability held up well, as EBITDA met forecasts and margin performance modestly surpassed consensus despite a slight top‑line shortfall driven in part by currency headwinds. Free cash flow weakness was mainly tied to working capital movements, while the company still maintains a solid net cash position and confirmed its full‑year 2026 guidance, leading Hesse to see the recent share price recovery as justified and the risk‑reward profile as attractive enough to warrant a Buy rating.
According to TipRanks, Hesse is ranked #1199 out of 12173 analysts.