Silgan (NYSE:SLGN) Price Target Cut to $49.00 by Analysts at Citigroup

Key Points

• Citigroup lowered Silgan’s price target from $54 to $49 but maintained a “buy” rating, implying 39.24% upside from the stock’s $35.19 closing price.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and average target price of $53.50; ratings include one Strong Buy, eight Buys and three Holds.
• Silgan recently exceeded quarterly earnings and revenue expectations, reporting $0.98 EPS and $1.64 billion in revenue, while institutional investors own approximately 70.25% of the company’s shares.

Silgan (NYSE:SLGN - Get Free Report) had its target price decreased by equities researchers at Citigroup from $54.00 to $49.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Citigroup's target price indicates a potential upside of 39.24% from the stock's previous close.

A number of other research analysts have also commented on SLGN. Royal Bank Of Canada raised Silgan from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $51.00 to $58.00 in a report on Thursday, August 13th. Raymond James Financial reissued an "outperform" rating and issued a $59.00 target price on shares of Silgan in a research report on Wednesday, July 15th. UBS Group set a $47.00 price target on shares of Silgan and gave the stock a "neutral" rating in a research report on Thursday, July 30th. Bank of America lifted their price objective on shares of Silgan from $53.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Finally, BMO Capital Markets started coverage on shares of Silgan in a report on Thursday, July 16th. They issued an "outperform" rating and a $57.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $53.50.

Silgan Stock Performance

SLGN traded up $0.42 on Friday, reaching $35.19. The company had a trading volume of 379,771 shares, compared to its average volume of 1,034,818. The stock has a market cap of $3.72 billion, a P/E ratio of 13.79, a P/E/G ratio of 2.02 and a beta of 0.67. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.80 and a current ratio of 1.27. Silgan has a fifty-two week low of $33.92 and a fifty-two week high of $49.55. The company's fifty day moving average is $40.38 and its 200 day moving average is $40.74.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.02. Silgan had a return on equity of 16.74% and a net margin of 4.05%.The company had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.62 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The business's revenue was up 6.8% on a year-over-year basis. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. As a group, analysts predict that Silgan will post 3.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Silgan

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Silgan in the 2nd quarter valued at $369,406,000. Bank of America Corp DE acquired a new position in shares of Silgan during the 2nd quarter worth $101,368,000. Jupiter Topco LLC bought a new stake in shares of Silgan during the 2nd quarter worth $62,526,000. Atlas FRM LLC bought a new stake in shares of Silgan during the 2nd quarter worth $48,245,600. Finally, Bank of New York Mellon Corp acquired a new stake in Silgan in the second quarter valued at about $38,851,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Silgan Company Profile

Silgan Holdings Inc NYSE: SLGN is a manufacturer of rigid packaging for consumer goods. The company produces metal containers, plastic containers, closures and dispensing systems used to package food, pet food, beverages, household products, personal-care items, chemicals, paints and other products.

Silgan's business is organized around metal containers, closures and dispensing systems. Its products include steel cans, plastic containers, caps, lids, pumps, sprayers and other dispensing components.

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