Silgan Holdings Inc. (NYSE:SLGN) Stock Has Average Target Price of $52.60

Key Points

• Analysts maintain a positive outlook: Silgan has a “Moderate Buy” consensus from 12 analysts, with an average 12-month price target of $52.60 versus its reported share price of $35.23.
• Recent financial results exceeded expectations: Quarterly EPS came in at $0.98, above the $0.96 consensus estimate, while revenue rose 6.8% year over year to $1.64 billion.
• Institutional ownership and dividends support the stock: Institutional investors own 70.25% of Silgan, and the company pays a quarterly dividend of $0.21 per share, equivalent to a 2.4% annual yield.

Shares of Silgan Holdings Inc. (NYSE:SLGN - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $52.60.

A number of brokerages have recently issued reports on SLGN. Raymond James Financial restated an "outperform" rating and set a $59.00 price target on shares of Silgan in a report on Wednesday, July 15th. Royal Bank Of Canada upgraded 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. Bank of America increased their price objective on Silgan from $53.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. BMO Capital Markets began coverage on Silgan in a research note on Thursday, July 16th. They set an "outperform" rating and a $57.00 target price for the company. Finally, UBS Group set a $38.00 target price on Silgan and gave the company a "neutral" rating in a research report on Monday.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. QRG Capital Management Inc. lifted its holdings in shares of Silgan by 5.1% in the 2nd quarter. QRG Capital Management Inc. now owns 28,396 shares of the industrial products company's stock worth $1,317,000 after acquiring an additional 1,388 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Silgan by 30.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 26,191 shares of the industrial products company's stock valued at $1,215,000 after purchasing an additional 6,125 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Silgan in the second quarter valued at approximately $33,000. Nykredit A S purchased a new stake in Silgan in the second quarter valued at approximately $168,000. Finally, Parkside Financial Bank & Trust lifted its stake in Silgan by 105.6% during the second quarter. Parkside Financial Bank & Trust now owns 627 shares of the industrial products company's stock worth $29,000 after purchasing an additional 322 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Silgan Stock Up 0.7%

NYSE SLGN opened at $35.23 on Wednesday. The business's fifty day simple moving average is $39.66 and its 200-day simple moving average is $40.60. The company has a quick ratio of 0.80, a current ratio of 1.27 and a debt-to-equity ratio of 1.54. The firm has a market cap of $3.72 billion, a PE ratio of 13.82, a P/E/G ratio of 2.04 and a beta of 0.67. Silgan has a 52 week low of $33.70 and a 52 week high of $49.55.

Silgan (NYSE:SLGN - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.02. Silgan had a net margin of 4.05% and a return on equity of 16.74%. The firm had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.62 billion. During the same period last year, the business earned $1.01 earnings per share. Silgan's revenue was up 6.8% compared to the same quarter last year. 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, equities analysts anticipate that Silgan will post 3.82 earnings per share for the current year.

Silgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 1st. Silgan's dividend payout ratio (DPR) is presently 32.94%.

About Silgan

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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