Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Investing.com - Loop Capital raised its price target on Crown Holdings (NYSE:CCK) to $140.00 from $129.00 on Wednesday, while maintaining a Buy rating on the packaging company’s stock. The stock, which has gained nearly 28% year-to-date and trades near its 52-week high of $109.48, has attracted positive attention from analysts, with InvestingPro data showing five analysts recently revising their earnings estimates upward.
The price target increase follows Crown Holdings’ second-quarter earnings report, which showed adjusted earnings per share of $2.15, significantly exceeding Loop Capital’s estimate of $1.84 and the consensus estimate of $1.88.
Crown Holdings reported consolidated revenues of $3.15 billion for the quarter, surpassing Loop Capital’s estimate of $3.1 billion and the consensus forecast of $3.11 billion.
The company’s reported EBITDA of $552 million also beat expectations, coming in well above Loop Capital’s estimate of $514 million and the consensus estimate of $513 million.
Loop Capital’s new price target is based on approximately 9.5 times its 2026 EV/EBITDA estimate, compared to its previous valuation based on 9.5 times 2025 estimated EV/EBITDA. According to InvestingPro analysis, Crown Holdings appears slightly undervalued based on its Fair Value calculation, with analyst targets ranging from $104.32 to $135.00 per share. Discover 12 additional exclusive ProTips and comprehensive valuation metrics with an InvestingPro subscription.
In other recent news, Crown Holdings reported robust second-quarter earnings for 2025, exceeding analysts’ expectations with an adjusted earnings per share (EPS) of $2.15, compared to the forecasted $1.88. The company also achieved revenue of $3.15 billion, slightly surpassing the anticipated $3.11 billion. Following these strong results, Citi raised its price target for Crown Holdings to $135 from $129, maintaining a Buy rating. Wells Fargo (NYSE:WFC) also adjusted its price target, increasing it to $113 from $110, while maintaining an Equal Weight rating. The beverage can segment experienced low-single-digit volume growth, with notable increases of 1% in North America and 2% in Brazil. European beverage can volumes rose approximately 6% year-over-year, although Asia-Pacific volumes declined due to consumer sentiment issues related to tariffs. These developments reflect Crown Holdings’ strong performance in the Americas Beverage segment, as noted by Citi.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.