Intel stock spikes after report of possible US government stake
Crown Holdings Inc. (NYSE:CCK) stock reached a 52-week high, touching 107.9 USD, marking a significant milestone for the $12.41 billion market cap company. According to InvestingPro analysis, the company maintains a GREAT financial health score, with analysts setting price targets ranging from $101 to $129. Over the past year, the stock has experienced a remarkable increase of 48.57%, with a strong 30% gain year-to-date, showcasing strong investor confidence and robust performance in the market. This growth reflects Crown Holdings’ strategic initiatives and market positioning, which have contributed to its upward trajectory. The 52-week high indicates a positive sentiment among investors, as the company continues to capitalize on opportunities within its industry. Discover 12 additional key insights about CCK with an InvestingPro subscription, including exclusive Fair Value analysis and detailed financial metrics.
In other recent news, Crown Holdings’ first-quarter results surpassed expectations, driven by strong North American volumes and effective execution, as noted by RBC Capital, which maintains an Outperform rating with a price target of $115. The company has also been proactive in converting European substrates to cans, contributing to its optimistic guidance for fiscal year 2025. Citi has raised its price target for Crown Holdings to $129, citing improved volume performance and a compelling valuation, while keeping a Buy rating. In leadership changes, Crown Holdings announced the promotion of Djalma Novaes, Jr. to Executive Vice President and Chief Operating Officer, effective July 1, 2025. Additionally, Gary Gavin has been appointed President of the Crown Americas Division, overseeing operations across multiple regions. In the Asia Pacific region, Dr. John Rost will take over as President following Carlos Baila’s departure on June 30, 2025. The company plans capital expenditures of $450 million for fiscal year 2025, aiming for a net leverage of approximately 2.5 times. Crown Holdings anticipates a free cash flow of around $800 million, with allocations for deleveraging, dividends, and share buybacks.
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