Figma Shares Indicated To Open $105/$110
Investing.com - Citi has raised its price target on Crown Holdings (NYSE:CCK) to $135.00 from $129.00 while maintaining a Buy rating on the packaging company’s stock. The stock, currently trading at $105.05, has demonstrated strong momentum with a 27.74% gain year-to-date and is approaching its 52-week high of $109.48.
The price target increase follows Crown Holdings’ quarterly results, which Citi described as a "large beat and raise." The company’s shares traded relatively flat despite the strong performance, particularly in its Americas Beverage segment. According to InvestingPro, Crown Holdings maintains a perfect Piotroski Score of 9, indicating excellent financial strength, while five analysts have recently revised their earnings estimates upward.
Crown’s Americas division continues to outperform on the bottom line and could exceed $1 billion in EBIT in 2025, according to Citi’s analysis. The segment demonstrated 10% year-over-year EBIT growth despite only 1% revenue growth, showing strong operational leverage.
European Beverage operations remain on track for record EBIT with first-half volumes up mid-single digits year-over-year, with growth reported in each sub-region. This positive performance contributed to Citi’s more optimistic outlook.
The analyst noted that earnings decline in Asia-Pacific was unexpected, although this segment represents only approximately 10% of the company’s overall business.
In other recent news, Crown Holdings Inc. reported robust financial results for the second quarter of 2025, exceeding analysts’ expectations. The company achieved an adjusted earnings per share (EPS) of $2.15, surpassing the projected $1.88. Additionally, Crown Holdings reported revenue of $3.15 billion, slightly above the anticipated $3.11 billion. These figures highlight a positive performance for the company in this period. Analysts had previously set these forecasts, and Crown Holdings’ results have shown a stronger-than-expected outcome. This development is part of the company’s recent achievements and could influence future assessments by financial analysts. Investors may find these results noteworthy as they reflect the company’s current financial health.
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