JPMorgan Chase & Co. Increases Silgan (NYSE:SLGN) Price Target to $53.00

Silgan (NYSE:SLGN) had its price objective hoisted by analysts at JPMorgan Chase & Co. from $44.00 to $53.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 8.63% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Citigroup reiterated a “buy” rating and issued a $56.00 target price (up from $47.00) on shares of Silgan in a research note on Friday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $49.00 price objective (up from $43.00) on shares of Silgan in a research report on Thursday, February 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Silgan in a research note on Monday, December 29th. Wells Fargo & Company raised their target price on shares of Silgan from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Silgan in a report on Thursday, January 15th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Silgan presently has a consensus rating of “Moderate Buy” and an average target price of $52.88.

Silgan Stock Up 0.2%

SLGN stock opened at $48.79 on Monday. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 2.08 and a beta of 0.72. The company has a fifty day moving average price of $42.10 and a 200 day moving average price of $42.84. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.49 and a quick ratio of 0.31. Silgan has a 12 month low of $36.15 and a 12 month high of $57.04.

Silgan (NYSE:SLGN) last issued its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Silgan had a net margin of 4.45% and a return on equity of 17.94%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the firm posted $0.85 EPS. Silgan’s revenue for the quarter was up 4.1% on a year-over-year basis. Silgan has set its FY 2026 guidance at 3.700-3.900 EPS and its Q1 2026 guidance at 0.700-0.800 EPS. Sell-side analysts expect that Silgan will post 4.11 earnings per share for the current year.

Hedge Funds Weigh In On Silgan

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in Silgan by 1.2% during the first quarter. Royal Bank of Canada now owns 43,734 shares of the industrial products company’s stock worth $2,235,000 after purchasing an additional 510 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Silgan by 94.7% in the first quarter. AQR Capital Management LLC now owns 89,117 shares of the industrial products company’s stock valued at $4,477,000 after buying an additional 43,338 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Silgan during the 1st quarter worth $54,000. NewEdge Advisors LLC boosted its position in shares of Silgan by 332.3% in the 1st quarter. NewEdge Advisors LLC now owns 6,459 shares of the industrial products company’s stock worth $330,000 after buying an additional 4,965 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in Silgan in the 1st quarter valued at about $264,000. 70.25% of the stock is owned by institutional investors and hedge funds.

About Silgan

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.