Truist Financial analyst Michael Roxland maintains $Crown Holdings (CCK.US)$ with a hold rating, and maintains the target price at $103.
According to TipRanks data, the analyst has a success rate of 65.7% and a total average return of 10.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Crown Holdings (CCK.US)$'s main analysts recently are as follows:
The firm has updated its forecasts after Crown Holdings reported third-quarter results that surpassed expectations. It was noted that the preference still lies with playing the ongoing growth theme in the beverage can sector through other industry participants.
The 'third consecutive solid quarter' is anticipated to bolster the narrative and possibly the valuation multiple. Crown Holdings is seen as a 'quality growth at a reasonable price' investment, especially as the deployment of excess cash increases.
The firm notes Crown Holdings' 'impressive' sharp Q3 earnings per share beat and volumes surpassing expectations in North America and Europe. It is mentioned that the anticipated earnings per share for FY24 are being increased to reflect the company's enhanced operating leverage.
Note:
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