Silgan Holdings Reaches New 52-Week High at $51.99 (SLGN)
Silgan Holdings (NASDAQ:SLGN) shares hit a new 52-week high during mid-day trading on Tuesday , Analyst Ratings Net reports. The company traded as high as $51.99 and last traded at $50.39, with a volume of 153,206 shares. The stock had previously closed at $50.35.
A number of analysts have recently weighed in on SLGN shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Silgan Holdings in a research note on Wednesday, July 30th. They now have a $56.00 price target on the stock, up previously from $52.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Silgan Holdings in a research note on Friday, July 25th. They now have a $53.00 price target on the stock. Finally, analysts at Macquarie reiterated a “neutral” rating on shares of Silgan Holdings in a research note on Thursday, July 24th. They now have a $52.00 price target on the stock, up previously from $51.00. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.50.
The stock’s 50-day moving average is $50.20 and its 200-day moving average is $49.56. The company has a market cap of $3.186 billion and a P/E ratio of 18.29.
Silgan Holdings (NASDAQ:SLGN) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.06. The company had revenue of $917.30 million for the quarter, compared to the consensus estimate of $934.11 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts predict that Silgan Holdings will post $3.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Friday, August 29th.
In other Silgan Holdings news, COO Adam J. Greenlee sold 39,328 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $50.02, for a total transaction of $1,967,186.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Silgan Holdings Inc is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products.
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