Crown Holdings, the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst George Staphos from Bank of America Securities maintained a Buy rating on the stock and has a $117.00 price target.
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George Staphos has given his Buy rating due to a combination of factors including Crown Holdings’ strong quarterly performance and positive future outlook. The company exceeded expectations with its operations in the Americas and European Beverage segments, as well as in North American Tinplate, resulting in a total operations beat of $33 million. This strong performance was supported by a 1% volume growth in North America and better-than-expected EBIT margins.
Moreover, Crown Holdings raised its 2025 guidance by 6% at the midpoint, and free cash flow projections have increased by 13% to $900 million, indicating management’s confidence in sustained growth. The company’s adjusted EPS of $2.15 surpassed both Bank of America’s and the Street’s estimates, further reinforcing the positive sentiment. Despite a larger restructuring charge, the overall results suggest a favorable outlook for the company, justifying the Buy rating.
In another report released yesterday, Citi also reiterated a Buy rating on the stock with a $129.00 price target.