Mizuho Securities analyst Edlain Rodriguez has maintained their bullish stance on CCK stock, giving a Buy rating on January 23.
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Edlain Rodriguez has given his Buy rating due to a combination of factors that highlight Crown Holdings’ strong financial performance and positive future outlook. The company reported an impressive earnings per share (EPS) beat for 4Q24, surpassing both their own guidance and market consensus. This performance was driven by robust results in the Beverage Can segment, with global shipments increasing by 4% in the fourth quarter and notable growth in both Europe and North America.
Furthermore, Crown Holdings has demonstrated significant profitability improvements, with a 12% year-over-year increase. The Americas and Europe Beverage segments reported strong earnings before interest and taxes (EBIT) growth, supported by increased volumes and operational efficiencies. Although the Transit Packaging segment faced challenges, the overall positive performance led to an increase in the price target to $110. This reflects confidence in the company’s ability to sustain its growth trajectory, making it an attractive investment opportunity.
In another report released on January 23, RBC Capital also maintained a Buy rating on the stock with a $113.00 price target.