Silgan Holdings Now Covered by BMO Capital Markets (SLGN)
BMO Capital Markets started coverage on shares of Silgan Holdings (NASDAQ:SLGN) in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating and a $50.00 price target on the stock. BMO Capital Markets’ target price would indicate a potential downside of 0.75% from the company’s current price.
A number of other firms have also recently commented on SLGN. 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 investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Silgan Holdings has a consensus rating of “Hold” and an average price target of $50.44.
In other Silgan Holdings news, COO Adam J. Greenlee unloaded 39,328 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $50.02, for a total value of $1,967,186.56. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Silgan Holdings (NASDAQ:SLGN) opened at 50.38 on Thursday. Silgan Holdings has a one year low of $43.77 and a one year high of $51.99. The stock has a 50-day moving average of $50.14 and a 200-day moving average of $49.. The company has a market cap of $3.195 billion and a P/E ratio of 18.30.
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 $3.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Friday, August 29th.
Silgan Holdings Inc is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products.
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