Silgan Holdings Reaches New 1-Year High at $51.86 (SLGN)
Silgan Holdings (NASDAQ:SLGN) hit a new 52-week high during trading on Tuesday , Analyst RN reports. The stock traded as high as $51.86 and last traded at $51.65, with a volume of 187,310 shares. The stock had previously closed at $50.82.
SLGN has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Silgan Holdings in a research note on Monday, June 2nd. They now have a $51.00 price target on the stock. Analysts at Wells Fargo & Co. downgraded shares of Silgan Holdings from an “outperform” rating to a “market perform” rating in a research note on Friday, April 11th. They now have a $53.00 price target on the stock, up previously from $50.00. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $49.00.
The stock’s 50-day moving average is $49.3 and its 200-day moving average is $48.45. The company has a market cap of $3.260 billion and a price-to-earnings ratio of 16.97.
Silgan Holdings (NASDAQ:SLGN) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.02. The company had revenue of $855.80 million for the quarter, compared to the consensus estimate of $850.90 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts predict that Silgan Holdings will post $3.16 earnings per share for the current fiscal year.
Silgan Holdings Inc is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products.
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