Silgan Holdings Inc. (NYSE:SLGN) Given Average Rating of “Moderate Buy” by Analysts

Shares of Silgan Holdings Inc. (NYSE:SLGN) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $57.43.

Several equities analysts have recently commented on the stock. Robert W. Baird boosted their price target on shares of Silgan from $53.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Wells Fargo & Company boosted their price target on shares of Silgan from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Royal Bank of Canada boosted their price target on shares of Silgan from $55.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upgraded shares of Silgan from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $46.00 to $53.00 in a report on Thursday, August 1st. Finally, Citigroup boosted their price target on shares of Silgan from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, August 1st.

Silgan Trading Up 0.1 %

NYSE SLGN opened at $53.10 on Wednesday. Silgan has a twelve month low of $40.01 and a twelve month high of $53.72. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.36 and a current ratio of 0.52. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.38 and a beta of 0.67. The firm’s 50 day moving average price is $51.30 and its two-hundred day moving average price is $48.17.

Silgan (NYSE:SLGN) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.02). Silgan had a return on equity of 18.76% and a net margin of 5.11%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities analysts anticipate that Silgan will post 3.6 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Daiwa Securities Group Inc. lifted its position in Silgan by 0.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 40,071 shares of the industrial products company’s stock worth $1,696,000 after acquiring an additional 218 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Silgan by 5.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,156 shares of the industrial products company’s stock worth $218,000 after acquiring an additional 250 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Silgan by 2.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,707 shares of the industrial products company’s stock worth $453,000 after acquiring an additional 267 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in Silgan by 5.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,430 shares of the industrial products company’s stock worth $390,000 after acquiring an additional 388 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Silgan by 1.1% during the 2nd quarter. AQR Capital Management LLC now owns 37,660 shares of the industrial products company’s stock worth $1,594,000 after acquiring an additional 421 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Silgan Company Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.