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Investing.com - Wells Fargo (NYSE:WFC) has raised its price target on Crown Holdings (NYSE:CCK) to $113.00 from $110.00 while maintaining an Equal Weight rating following the company’s better-than-expected second-quarter results. The company, currently trading near its 52-week high of $109.48, has demonstrated strong financial health with a perfect Piotroski Score of 9, according to InvestingPro data.
The beverage can segment showed low-single-digit volume growth despite tough comparisons, with volumes increasing 1% in North America and 2% in Brazil. European beverage can volumes rose approximately 6% year-over-year, with positive performance across all sub-regions, while Asia-Pacific volumes declined by double digits amid slumping consumer sentiment related to tariffs.
Crown’s Transit Packaging (NYSE:PKG) segment achieved modest EBIT growth despite lower volumes, benefiting from plastic and steel strap shipments and ongoing cost reduction efforts. The company’s food can business saw 5% volume growth driven by vegetable customers, contributing to a 150% EBIT increase in the "Other" segment.
Crown Holdings has raised its 2025 EPS guidance to $7.10-$7.50 from the previous $6.70-$7.10, representing a 6% increase at the midpoint. The company also increased its free cash flow guidance to approximately $900 million from $800 million, while maintaining its capital expenditure forecast at $450 million. InvestingPro analysis suggests the stock is slightly undervalued, with analysts setting targets ranging from $104.32 to $135.00 per share.
For the third quarter, Crown projects EPS in the range of $1.95-$2.05, compared to $1.99 in the prior-year period and the current consensus estimate of $1.97. With a YTD return of 27.74% and strong financial metrics, Crown Holdings shows promising momentum. Discover 12 additional exclusive InvestingPro Tips and comprehensive analysis in our Pro Research Report, helping investors make more informed decisions.
In other recent news, Crown Holdings reported robust financial results for the second quarter of 2025. The company exceeded analysts’ expectations with an adjusted earnings per share (EPS) of $2.15, surpassing the forecasted $1.88. Revenue also came in strong at $3.15 billion, slightly above the anticipated $3.11 billion. Citi responded to these results by raising its price target for Crown Holdings to $135 from $129, maintaining a Buy rating on the stock. The firm highlighted the company’s performance as a "large beat and raise," particularly noting the success in the Americas Beverage segment. These developments have contributed to positive investor sentiment surrounding Crown Holdings. The company’s recent financial achievements and analyst upgrades underscore its current strong market position.
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