Citi Reiterates Buy Rating for Crown Holdings with $135 Price Target

Citi maintains its Buy rating on Crown Holdings (CCK) with a price target of $135.00. Analyst Anthony Pettinari, with a 5-star rating and 65.25% success rate, notes the company's Q2 revenue of $3.15 billion and net profit of $180 million. The consensus on the stock is Strong Buy with an average price target of $122.67, a 16.45% upside from current levels.

Crown Holdings, Inc. (NYSE: CCK) reported its financial results for the second quarter ended June 30, 2025, showcasing robust performance across its key segments. The company announced that its adjusted diluted earnings per share (EPS) increased by 19% to $2.15 compared to $1.81 in the same period last year [1].

Notably, the company's segment income improved by $39 million, or 9%, to $476 million, driven by strong performances in Americas Beverage, European Beverage, and North America Tinplate businesses. Beverage can shipments in North America advanced by 1% in line with expectations, while Transit Packaging results remained firm despite a challenging industrial production environment [1].

Crown Holdings also provided an outlook for the third quarter, expecting adjusted diluted EPS to range from $1.95 to $2.05. The full year 2025 guidance range for adjusted diluted EPS was increased to $7.10 to $7.50, with adjusted free cash flow expected to be approximately $900 million [1].

The company's net sales for the second quarter amounted to $3,149 million, up from $3,040 million in the same period last year. This growth was driven by increased shipments of both beverage and food cans in North America, as well as across European Beverage. However, lower shipments in Asia Pacific and Transit Packaging partially offset these gains [1].

Analysts have responded positively to the company's performance. Citi maintains its Buy rating on Crown Holdings with a price target of $135.00, noting the company's Q2 revenue of $3.15 billion and net profit of $180 million. The consensus on the stock is Strong Buy with an average price target of $122.67, indicating a 16.45% upside from current levels [2].

The company's strong first-half performance has led to an increase in its full year 2025 expectations for adjusted earnings per share and adjusted free cash flow. The balance sheet remains strong, and the company is well on its way to achieving its long-term target leverage ratio of 2.5x of adjusted EBITDA [1].

Crown Holdings will hold a conference call tomorrow, July 22, 2025, at 9:00 a.m. (EDT) to discuss this news release. A live webcast of the call will be made available to the public on the company's website, www.crowncork.com [1].

References:
[1] https://www.crowncork.com/news/crown-holdings-inc-reports-second-quarter-2025-results
[2] https://www.citi.com/