Silgan Holdings Inc. (NYSE:SLGN) Given Consensus Rating of “Moderate Buy” by Brokerages

Silgan Holdings Inc. (NYSE:SLGN) has received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $50.3750.

A number of brokerages have recently issued reports on SLGN. Raymond James Financial restated a “market perform” rating on shares of Silgan in a research note on Thursday, January 15th. Citigroup dropped their price target on shares of Silgan from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. Royal Bank Of Canada cut shares of Silgan from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $49.00 to $43.00 in a research note on Thursday, January 15th. UBS Group reiterated a “neutral” rating and issued a $44.00 price objective (up from $42.00) on shares of Silgan in a research note on Monday, January 12th. Finally, Zacks Research upgraded Silgan from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th.

Insider Activity

In other news, CAO Kimberly Irene Ulmer bought 1,000 shares of Silgan stock in a transaction dated Friday, November 7th. The shares were bought at an average price of $38.11 per share, for a total transaction of $38,110.00. Following the purchase, the chief accounting officer owned 105,321 shares of the company’s stock, valued at approximately $4,013,783.31. This trade represents a 0.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.13% of the company’s stock.

Hedge Funds Weigh In On Silgan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in shares of Silgan by 0.4% during the second quarter. Janney Montgomery Scott LLC now owns 50,156 shares of the industrial products company’s stock worth $2,717,000 after buying an additional 223 shares in the last quarter. Atria Investments Inc increased its holdings in Silgan by 3.9% during the 2nd quarter. Atria Investments Inc now owns 6,241 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 232 shares in the last quarter. Yousif Capital Management LLC increased its holdings in Silgan by 1.0% during the 3rd quarter. Yousif Capital Management LLC now owns 27,578 shares of the industrial products company’s stock valued at $1,186,000 after purchasing an additional 262 shares in the last quarter. Verdence Capital Advisors LLC raised its position in Silgan by 2.5% in the 4th quarter. Verdence Capital Advisors LLC now owns 11,285 shares of the industrial products company’s stock valued at $456,000 after purchasing an additional 278 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Silgan by 37.4% during the fourth quarter. Fifth Third Bancorp now owns 1,084 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 295 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Silgan Price Performance

Shares of NYSE:SLGN opened at $43.78 on Friday. The firm has a market capitalization of $4.63 billion, a PE ratio of 14.89, a PEG ratio of 1.92 and a beta of 0.72. The company has a current ratio of 1.27, a quick ratio of 0.85 and a debt-to-equity ratio of 1.68. Silgan has a 1-year low of $36.15 and a 1-year high of $57.04. The business’s 50 day moving average is $41.18 and its 200-day moving average is $43.09.

Silgan Company Profile

Silgan Holdings Inc (NYSE: SLGN) is a leading supplier of rigid packaging solutions for consumer goods manufacturers. The company’s core business activities center on the design, production and distribution of metal and plastic containers, closures and dispense systems. Silgan serves a broad array of end markets, including food and beverage, home and personal care, health care and industrial products, providing both standard and custom packaging formats.

Founded in 1987 and headquartered in Stamford, Connecticut, Silgan has grown organically and through strategic acquisitions to establish a global manufacturing footprint.