Silgan Holdings Inc. (SLGN) Given Consensus Rating of “Hold” by Analysts

Silgan Holdings Inc. (NASDAQ:SLGN) has earned an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $30.13.

Several equities research analysts have recently weighed in on SLGN shares. Royal Bank of Canada started coverage on Silgan in a research report on Monday, October 9th. They issued a “sector perform” rating and a $30.00 target price for the company. KeyCorp reaffirmed a “hold” rating on shares of Silgan in a research report on Thursday, October 12th. Zacks Investment Research downgraded Silgan from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Robert W. Baird reaffirmed a “hold” rating and issued a $32.00 target price on shares of Silgan in a research report on Friday, October 27th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $34.00 target price on shares of Silgan in a research report on Monday, November 20th.

In related news, Director William C. Jennings sold 25,642 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $28.38, for a total value of $727,719.96. Following the transaction, the director now owns 42,180 shares in the company, valued at $1,197,068.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 33.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in SLGN. Victory Capital Management Inc. acquired a new position in shares of Silgan in the second quarter worth about $140,000. State of Alaska Department of Revenue acquired a new stake in Silgan during the fourth quarter valued at approximately $158,000. Cubist Systematic Strategies LLC acquired a new stake in Silgan during the third quarter valued at approximately $167,000. Breton Hill Capital Ltd. acquired a new stake in Silgan during the third quarter valued at approximately $218,000. Finally, Bayesian Capital Management LP acquired a new stake in Silgan during the second quarter valued at approximately $229,000. Institutional investors and hedge funds own 66.62% of the company’s stock.

Shares of Silgan (NASDAQ SLGN) opened at $28.27 on Friday. Silgan has a 1 year low of $27.19 and a 1 year high of $32.50. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 3.96. The firm has a market capitalization of $3,124.66, a PE ratio of 21.50, a PEG ratio of 1.51 and a beta of 0.51.

Silgan (NASDAQ:SLGN) last issued its earnings results on Wednesday, October 25th. The industrial products company reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.03). Silgan had a return on equity of 32.87% and a net margin of 3.77%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the company earned $0.61 EPS. Silgan’s quarterly revenue was up 11.2% on a year-over-year basis. research analysts expect that Silgan will post 1.64 EPS for the current fiscal year.

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About Silgan

Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.

Analyst Recommendations for Silgan (NASDAQ:SLGN)

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