Barclays Lowers Silgan Holdings Price Target to $46.00 (SLGN)
Equities research analysts at Barclays dropped their target price on shares of Silgan Holdings (NASDAQ:SLGN) from $48.00 to $46.00 in a research note issued to investors on Thursday, Stock Ratings Network reports. The firm currently has an “equal weight” rating on the stock. Barclays’ target price would indicate a potential upside of 3.02% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Silgan Holdings in a research note to investors on Friday, October 18th. They now have a $51.00 price target on the stock. Separately, analysts at Northcoast Research initiated coverage on shares of Silgan Holdings in a research note to investors on Friday, August 23rd. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $48.43.
Silgan Holdings (NASDAQ:SLGN) traded down 0.78% on Thursday, hitting $44.65. 509,022 shares of the company’s stock traded hands. Silgan Holdings has a 52 week low of $40.72 and a 52 week high of $50.51. The stock has a 50-day moving average of $48.12 and a 200-day moving average of $47.62. The company has a market cap of $2.831 billion and a P/E ratio of 15.73.
Silgan Holdings (NASDAQ:SLGN) last released its earnings data on Wednesday, October 23rd. The company reported $1.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.32 by $0.11. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis.
Silgan Holdings Inc is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products.
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