Bernstein keeps EUR 111 target as Krones stock falls 1.24 percent
Published on 10/20/2026 at 11:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst caution before results
- Bernstein kept its EUR 111.00 target on October 15, 2026.
- Second-quarter revenue rose 1.47 percent to EUR 1.34 billion.
- Krones stock trades at EUR 111.20 at 10:59 a.m. CEST at Lang & Schwarz on October 20, 2026, 1.24 percent below the Xetra close of October 19, 2026.
- Krones is scheduled to publish its nine-month report on November 6, 2026.
Krones (ISIN DE0006335003) stock was trading at EUR 111.20 at Lang & Schwarz on October 20, 2026 at 10:59 a.m. CEST, down 1.24 percent versus the Xetra close of October 19, 2026 at EUR 112.60. On October 15, 2026, FinanzNachrichten reported that Bernstein Research kept its Market-Perform rating and EUR 111.00 target.
Bernstein sees a weaker quarter
Bernstein analyst Benjamin Thielmann expects a weak quarter because order growth has slowed, according to Borse Express. The analyst's earnings-per-share estimate is 6.00 percent below consensus, while revenue and order-intake expectations are broadly aligned with the market view.
The second quarter of 2026 provides a steadier comparison. Revenue reached EUR 1.34 billion, up 1.47 percent from EUR 1.32 billion in the prior-year quarter, while earnings per share rose to EUR 2.23 from EUR 2.21, according to Borse Express. The modest growth rate makes order intake and project execution the key tests for the next report.
Three dates frame the stock
On July 29, 2026, Krones reported second-quarter revenue of EUR 1.34 billion and earnings per share of EUR 2.23, according to MarketScreener. On October 14, 2026, Warburg Research cut its target from EUR 191.00 to EUR 177.00 while retaining a Buy rating, according to MarketScreener.
On October 15, 2026, Bernstein kept its EUR 111.00 target and Market-Perform rating. The sequence shows a widening gap between positive long-term views and cautious near-term expectations.
What does the growth mean for margins?
The answer depends on whether Krones can convert its order book into revenue without diluting profitability. The company's 2026 earnings-per-share consensus is EUR 10.11, while the second-quarter comparison moved only from EUR 2.21 to EUR 2.23, according to Borse Express. That arithmetic leaves limited room for a weaker order trend to persist.
Reporting dates are set
Krones is scheduled to publish its report for the first nine months of 2026 on November 6, 2026, and its annual meeting is scheduled for June 15, 2027, according to Boersengefluester. The November report is the next hard test for the cautious analyst view.
Stock remains below its prior close
Krones stock was trading at EUR 111.20 at Lang & Schwarz on October 20, 2026 at 10:59 a.m. CEST, 1.24 percent below the Xetra close of October 19, 2026 at EUR 112.60. The 52-week range is EUR 103.20 to EUR 144.20, placing the quote EUR 8.00 above its low and EUR 33.00 below its high.
The further course of trading is shown by the continuously updated real-time quote of Krones stock.
Krones stock facts
- Company: Krones AG
- ISIN: DE0006335003
- WKN: 633500
- Ticker: KRN
- Primary exchange: Xetra
- Price Lang & Schwarz (as of October 20, 2026, 10:59 a.m. CEST): EUR 111.20
- Change versus Xetra close: minus 1.24 percent
- Xetra close (October 19, 2026): EUR 112.60
- Market capitalization: EUR 3.5 billion (as of October 20, 2026)
- 52-week range: EUR 103.20-144.20 (as of October 20, 2026)
- Sector / Industry: Industrials / Industrial Machinery
- Index membership: MDAX
- Next earnings date: November 6, 2026
Market context: Market report DAX.
