Crown Holdings stock hits 52-week high at 105.15 USD

Crown Holdings Inc. (NYSE:CCK) stock reached a new 52-week high, closing at 105.15 USD, with a market capitalization of $12.08 billion. This milestone reflects a significant upward trend for the company, which has seen a 37.16% increase over the past year, outpacing its year-to-date return of 26.37%. The stock’s performance over the last 12 months highlights strong investor confidence and positive market sentiment towards Crown Holdings, as it continues to capitalize on favorable industry conditions and strategic business initiatives. The achievement of this 52-week high underscores the company’s robust growth trajectory and solidifies its position as a key player in the packaging industry. According to InvestingPro analysis, Crown Holdings appears slightly undervalued, with management actively buying back shares and maintaining a high shareholder yield. For deeper insights, including 10+ additional ProTips and comprehensive valuation metrics, explore Crown Holdings’ detailed Pro Research Report.

In other recent news, Crown Holdings reported strong first-quarter results, exceeding expectations due to robust North American volumes and effective execution. The company’s optimistic guidance for fiscal year 2025 has led RBC Capital to maintain its Outperform rating, with a price target of $115.00. Crown Holdings plans to invest $450 million in capital expenditures for 2025, aiming for a free cash flow of approximately $800 million. In a strategic move, the company announced an expansion of its Ponta Grossa, Brazil plant, which will increase its capacity by 50% by the third quarter of 2026. This expansion has been well-received, with BofA reiterating a Buy rating on the stock, emphasizing the positive implications for the company’s market position. Additionally, Crown Holdings is undergoing significant leadership changes, with Djalma Novaes, Jr. being promoted to Executive Vice President and Chief Operating Officer. Gary Gavin will take over as President of the Americas Division, while Dr. John Rost will become the new Asia Pacific President. These leadership transitions are seen as crucial for Crown Holdings’ continued growth and operational efficiency.

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