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

Silgan Holdings Inc. (NASDAQ:SLGN) has been assigned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $31.20.

Several equities research analysts have issued reports on the company. Bank of America lifted their price objective on Silgan from $32.00 to $33.00 and gave the stock an “underperform” rating in a report on Thursday, February 1st. KeyCorp restated a “sell” rating and set a $25.00 price objective on shares of Silgan in a report on Thursday, February 1st. Robert W. Baird restated a “hold” rating and set a $32.00 price objective on shares of Silgan in a report on Friday, October 27th. Zacks Investment Research upgraded Silgan from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Monday, February 5th. Finally, JPMorgan Chase & Co. downgraded Silgan from a “neutral” rating to an “underweight” rating and set a $30.00 price objective on the stock. in a report on Wednesday, January 17th.

In other news, Director William C. Jennings sold 25,642 shares of Silgan stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $28.38, for a total value of $727,719.96. Following the completion of the transaction, the director now owns 42,180 shares in the company, valued at approximately $1,197,068.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 33.10% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc grew its position in shares of Silgan by 2.0% in the 3rd quarter. Legal & General Group Plc now owns 91,012 shares of the industrial products company’s stock worth $2,678,000 after acquiring an additional 1,754 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Silgan by 0.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 321,610 shares of the industrial products company’s stock worth $9,464,000 after acquiring an additional 1,866 shares in the last quarter. Parametrica Management Ltd boosted its position in Silgan by 17.1% during the 4th quarter. Parametrica Management Ltd now owns 13,000 shares of the industrial products company’s stock valued at $382,000 after purchasing an additional 1,900 shares during the period. Nordea Investment Management AB boosted its position in Silgan by 0.5% during the 3rd quarter. Nordea Investment Management AB now owns 408,782 shares of the industrial products company’s stock valued at $12,030,000 after purchasing an additional 1,939 shares during the period. Finally, American International Group Inc. boosted its position in Silgan by 1.3% during the 4th quarter. American International Group Inc. now owns 153,217 shares of the industrial products company’s stock valued at $4,503,000 after purchasing an additional 2,009 shares during the period. Institutional investors own 66.83% of the company’s stock.

Shares of Silgan (SLGN) opened at $27.99 on Tuesday. The company has a market capitalization of $3,067.26, a PE ratio of 11.57, a P/E/G ratio of 1.33 and a beta of 0.49. The company has a current ratio of 0.38, a quick ratio of 0.17 and a debt-to-equity ratio of 3.96. Silgan has a twelve month low of $27.21 and a twelve month high of $32.50.

Silgan (NASDAQ:SLGN) last posted its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. Silgan had a return on equity of 30.15% and a net margin of 6.59%. The company had revenue of $995.70 million for the quarter, compared to the consensus estimate of $970.24 million. During the same period in the previous year, the business earned $0.48 EPS. Silgan’s revenue for the quarter was up 23.6% compared to the same quarter last year. research analysts predict that Silgan will post 2.09 earnings per share for the current 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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