A number of firms have modified their ratings and price targets on shares of Silgan Holdings (NASDAQ: SLGN) recently:

  • 9/19/2016 – Silgan Holdings was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Silgan will benefit from acquisitions, increased investments and continued focus on its footprint optimization programs across each of its businesses. These are well reflected in the company’s positive record of earnings surprises in recent quarters. However, Silgan trimmed its earnings per share guidance to $2.70–$2.90 for 2016. The mid-point depicts a 6% year over year dip, reflecting lower demand from certain U.S. pack customers, a cool and wet start to the European growing season. For the third quarter, Silgan guides earnings in the range of $1.20–$1.30, a 1% dip at the mid-point year over year. Incremental costs from its footprint optimization programs and high debt also remain concerns.”
  • 9/13/2016 – Silgan Holdings is now covered by analysts at JPMorgan Chase & Co.. They set a “neutral” rating and a $51.00 price target on the stock.
  • 9/9/2016 – Silgan Holdings was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “For 2016, Silgan trimmed its earnings per share guidance to $2.70–$2.90. The mid-point depicts a 6% year over year dip, reflecting lower demand from certain U.S. pack customers, a cool and wet start to the European growing season. For the third quarter, Silgan guides earnings in the range of $1.20–$1.30, a 1% dip at the mid-point year over year. Incremental costs from its footprint optimization programs and high debt also remain concerns. Nevertheless, Silgan will benefit from acquisitions, increased investments and continued focus on its footprint optimization programs across each of its businesses. These are well reflected in the company’s positive record of earnings surprises in recent quarters.”
  • 9/1/2016 – Silgan Holdings was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “For 2016, Silgan trimmed its earnings per share guidance to $2.70–$2.90. The mid-point depicts a 6% year over year dip, reflecting lower demand from certain U.S. pack customers, a cool and wet start to the European growing season. For the third quarter, Silgan guides earnings in the range of $1.20–$1.30, a 1% dip at the mid-point year over year. Incremental costs from its footprint optimization programs and high debt also remain concerns. Nevertheless, Silgan will benefit from acquisitions, increased investments and continued focus on its footprint optimization programs across each of its businesses. These are well reflected in the company’s positive record of earnings surprises in recent quarters.”
  • 8/22/2016 – Silgan Holdings was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Estimates have been going down ahead of the company's third-quarter earnings release. For 2016, Silgan trimmed its earnings per share guidance to $2.70–$2.90. The mid-point depicts a 6% year over year dip, reflecting lower demand from certain U.S. pack customers, a cool and wet start to the European growing season. For the third quarter, Silgan guides earnings in the range of $1.20–$1.30, a 1% dip at the mid-point year over year. Incremental costs from its footprint optimization programs and high debt also remain concerns. Nevertheless, Silgan will benefit from acquisitions, increased investments and continued focus on its footprint optimization programs across each of its businesses. These are well reflected in the company’s positive record of earnings surprises in recent quarters.”
  • 8/2/2016 – Silgan Holdings had its price target lowered by analysts at Citigroup Inc. from $55.00 to $54.00. They now have a “neutral” rating on the stock.
  • 7/28/2016 – Silgan Holdings was downgraded by analysts at Wells Fargo & Co. from an “outperform” rating to a “market perform” rating.

Silgan Holdings Inc. (NASDAQ:SLGN) opened at 49.40 on Thursday. The firm has a 50-day moving average price of $48.75 and a 200 day moving average price of $50.88. Silgan Holdings Inc. has a 1-year low of $47.00 and a 1-year high of $56.06. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 19.20 and a beta of 0.54.

Silgan Holdings (NASDAQ:SLGN) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. Silgan Holdings had a return on equity of 25.69% and a net margin of 4.23%. The company had revenue of $874.60 million for the quarter, compared to analyst estimates of $895.15 million. During the same quarter last year, the company posted $0.71 EPS. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. Equities analysts predict that Silgan Holdings Inc. will post $2.80 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $0.17 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.38%. Silgan Holdings’s payout ratio is 26.25%.

In related news, VP Anthony P. Andreacchi sold 1,221 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $48.48, for a total transaction of $59,194.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP B Frederik Prinzen sold 1,000 shares of the business’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $48.05, for a total value of $48,050.00. The disclosure for this sale can be found here. 32.94% of the stock is owned by insiders.

Silgan Holdings Inc (Silgan) is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products. The Company operates through three segments: metal container, closures and plastic container. The Company’s products include steel and aluminum containers for human and pet food and general line products; metal, composite and plastic closures for food and beverage products, and custom designed plastic containers and closures for personal care, food, healthcare, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive and marine chemical products.

5 Day Chart for NASDAQ:SLGN

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