Silgan Holdings Inc. (NYSE:SLGN) Receives $64.22 Consensus Target Price from Analysts

Shares of Silgan Holdings Inc. (NYSE:SLGN) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $64.22.

A number of research analysts recently commented on the company. Robert W. Baird boosted their price target on Silgan from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Loop Capital boosted their price target on Silgan from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Bank of America lifted their price objective on Silgan from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Raymond James lifted their price objective on Silgan from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $70.00 price objective (up previously from $69.00) on shares of Silgan in a research note on Thursday, January 30th.

Silgan Stock Up 1.0 %

SLGN stock opened at $53.71 on Friday. Silgan has a twelve month low of $41.14 and a twelve month high of $58.14. The company has a quick ratio of 0.28, a current ratio of 0.45 and a debt-to-equity ratio of 1.24. The stock has a market cap of $5.74 billion, a P/E ratio of 20.82, a PEG ratio of 1.24 and a beta of 0.71. The business’s 50-day moving average price is $53.02 and its 200-day moving average price is $52.43.

Silgan (NYSE:SLGN) last posted its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Silgan had a return on equity of 19.70% and a net margin of 4.72%. On average, equities research analysts forecast that Silgan will post 4.11 EPS for the current year.

Insider Activity

In other news, EVP Robert B. Lewis sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $53.22, for a total transaction of $1,064,400.00. Following the transaction, the executive vice president now owns 152,133 shares of the company’s stock, valued at approximately $8,096,518.26. The trade was a 11.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On Silgan

Several large investors have recently modified their holdings of SLGN. Sanctuary Advisors LLC bought a new position in shares of Silgan during the 2nd quarter valued at approximately $255,000. CWM LLC lifted its stake in shares of Silgan by 46.3% during the 3rd quarter. CWM LLC now owns 4,447 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 1,408 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Silgan during the 3rd quarter worth $249,000. Blue Trust Inc. increased its position in Silgan by 895.1% during the 3rd quarter. Blue Trust Inc. now owns 5,891 shares of the industrial products company’s stock valued at $309,000 after buying an additional 5,299 shares in the last quarter. Finally, Raymond James & Associates increased its position in Silgan by 26.6% during the 3rd quarter. Raymond James & Associates now owns 45,134 shares of the industrial products company’s stock valued at $2,370,000 after buying an additional 9,470 shares in the last quarter. Institutional investors own 70.25% of the company’s stock.

Silgan Company Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.