Silgan Holdings Price Target Cut to $46.00 (SLGN)
Research analysts at Goldman Sachs Group Inc. decreased their price target on shares of Silgan Holdings (NASDAQ:SLGN) from $48.00 to $46.00 in a report released on Thursday, StockRatingsNetwork reports. The firm currently has a “sell” rating on the stock. Goldman Sachs Group Inc.’s price target would suggest a potential upside of 3.02% from the company’s current price.
SLGN has been the subject of a number of other recent research reports. Analysts at Barclays cut their price target on shares of Silgan Holdings from $48.00 to $46.00 in a research note to investors on Thursday. They now have an “equal weight” rating on the stock. Separately, 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. Finally, 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 investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company. Silgan Holdings has a consensus rating of “Hold” and a consensus target price of $48.43.
Shares of Silgan Holdings (NASDAQ:SLGN) traded down 0.78% on Thursday, hitting $44.65. The stock had a trading volume of 509,022 shares. 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 issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.21 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.17 earnings per share. Silgan Holdings’s revenue was up 2.5% compared to the same quarter last year.
Silgan Holdings Inc is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products.
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