Mizuho analyst Edlain Rodriguez has revised the price target for Crown Holdings (CCK, Financial), lowering it from $110 to $105. Despite this adjustment, the analyst maintains an Outperform rating on the stock. This revision is part of a broader update in the chemicals, agriculture, and packaging sectors, reflecting recent reductions in market multiples. However, the firm's projections for the upcoming year are only slightly diminished, as Mizuho does not anticipate an economic recession.
The adjustment also considers the impact of declining oil prices, which may erode the gas-linked cost advantage that many basic chemical stocks currently enjoy. Additionally, there is concern about potential short-term risks from pre-buying activities in the automotive and electronics sectors during the March quarter, which could lead to a subsequent pullback.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Crown Holdings Inc (CCK, Financial) is $108.72 with a high estimate of $129.00 and a low estimate of $90.00. The average target implies an upside of 26.91% from the current price of $85.67. More detailed estimate data can be found on the Crown Holdings Inc (CCK) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Crown Holdings Inc's (CCK, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Crown Holdings Inc (CCK, Financial) in one year is $86.30, suggesting a upside of 0.74% from the current price of $85.67. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Crown Holdings Inc (CCK) Summary page.
