Silgan (NYSE:SLGN) Price Target Cut to $62.00 by Analysts at Truist Financial

Key Points

• Analysts at Truist Financial lowered their price target for Silgan Holdings from $67.00 to $62.00, maintaining a "buy" rating, which suggests a potential upside of 47.20% from the current price.
• Despite the target price cut, the stock has an average rating of "Buy" from analysts, with a consensus price target of $61.67, indicating overall positive sentiment.
• In its latest earnings report, Silgan missed the consensus EPS estimate but showed an 11.4% year-over-year revenue increase, reporting revenues of $1.54 billion.

Silgan (NYSE:SLGN - Get Free Report) had its target price decreased by analysts at Truist Financial from $67.00 to $62.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Truist Financial's price objective indicates a potential upside of 47.20% from the company's current price.

SLGN has been the topic of several other research reports. Weiss Ratings restated a "hold (c)" rating on shares of Silgan in a research report on Wednesday, October 8th. Wells Fargo & Company upped their target price on Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Royal Bank Of Canada cut their target price on Silgan from $64.00 to $57.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Bank of America upgraded Silgan from a "neutral" rating to a "buy" rating and upped their target price for the company from $53.00 to $57.00 in a research report on Thursday, August 28th. Finally, Raymond James Financial cut their target price on Silgan from $64.00 to $60.00 and set a "strong-buy" rating on the stock in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Silgan has an average rating of "Buy" and a consensus price target of $61.67.

Silgan Price Performance

SLGN stock traded down $0.00 during midday trading on Monday, reaching $42.12. 66,942 shares of the stock were exchanged, compared to its average volume of 859,526. The stock has a market capitalization of $4.51 billion, a PE ratio of 14.97, a P/E/G ratio of 1.30 and a beta of 0.69. The company has a fifty day moving average price of $44.67 and a 200 day moving average price of $50.16. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.96 and a quick ratio of 0.56. Silgan has a 52 week low of $41.29 and a 52 week high of $58.14.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.02). The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Silgan had a net margin of 4.90% and a return on equity of 19.98%. The company's quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 EPS. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. As a group, analysts expect that Silgan will post 4.11 EPS for the current fiscal year.

Insider Activity at Silgan

In related news, EVP Robert B. Lewis sold 11,000 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $46.70, for a total transaction of $513,700.00. Following the completion of the transaction, the executive vice president directly owned 142,378 shares of the company's stock, valued at approximately $6,649,052.60. This trade represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.13% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its stake in shares of Silgan by 174.6% during the second quarter. Caitong International Asset Management Co. Ltd now owns 497 shares of the industrial products company's stock valued at $27,000 after buying an additional 316 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Silgan by 359.4% during the second quarter. Hantz Financial Services Inc. now owns 634 shares of the industrial products company's stock valued at $34,000 after buying an additional 496 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Silgan by 627.2% during the second quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company's stock valued at $36,000 after buying an additional 577 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Silgan during the second quarter valued at approximately $40,000. Finally, Brooklyn Investment Group grew its stake in shares of Silgan by 4,394.1% during the first quarter. Brooklyn Investment Group now owns 764 shares of the industrial products company's stock valued at $39,000 after buying an additional 747 shares during 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.

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