Crown Holdings (CCK – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst Gabrial Hajde from Wells Fargo maintained a Hold rating on the stock and has a $89.00 price target.
Gabrial Hajde’s rating is based on a combination of factors that reflect both positive and cautious elements in Crown Holdings’ recent performance. The company’s Q1 results showed strong earnings and revenue growth, particularly in the global beverage can segment, with significant contributions from regions like Brazil and Europe. This positive performance led to an upward revision in the company’s EPS guidance for 2025, indicating management’s confidence in sustaining growth.
However, despite these encouraging results, there are areas of concern that warrant a Hold rating. The Transit Packaging segment underperformed expectations, and there are questions about the sustainability of volume growth in North America and Europe. Additionally, while the company has mechanisms to manage trade and tariff impacts, the broader economic environment and potential future challenges in maintaining high utilization rates and contract renewals add an element of uncertainty. These mixed factors contribute to the decision to maintain a Hold rating on Crown Holdings’ stock.
CCK’s price has also changed slightly for the past six months – from $95.080 to $89.780, which is a -5.57% drop .