Constantin Hesse, an analyst from Jefferies, maintained the Buy rating on Krones AG. The associated price target remains the same with €152.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Constantin Hesse has given his Buy rating due to a combination of factors that highlight Krones AG’s strong performance and future potential. The company delivered a robust third quarter despite challenging macroeconomic conditions, with sales and EBITDA aligning with expectations. Notably, the order intake showed a sequential increase of 6.2%, and the book-to-bill ratio stood at 1x, indicating a stable demand environment.
Furthermore, Krones AG’s financial health is underscored by a net cash position of €361.2 million. The confirmation of the fiscal year 2025 outlook, with anticipated sales growth of 7-9% year-over-year and an EBITDA margin between 10.2% and 10.8%, suggests a strong fourth quarter performance. This positive outlook, coupled with a significant order backlog providing visibility into future quarters, supports the Buy rating, especially following a recent period of weak share price movement.
In another report released on October 30, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a €140.00 price target.