Silgan (NYSE:SLGN - Get Free Report) had its price objective dropped by analysts at UBS Group from $46.00 to $44.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the industrial products company's stock. UBS Group's price objective would indicate a potential upside of 10.61% from the company's current price.
Several other equities research analysts also recently commented on SLGN. Royal Bank Of Canada upped their price target on shares of Silgan from $48.00 to $49.00 and gave the company a "sector perform" rating in a research report on Thursday, April 30th. Truist Financial reduced their price target on shares of Silgan from $54.00 to $52.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Raymond James Financial restated a "market perform" rating on shares of Silgan in a research report on Thursday, January 15th. JPMorgan Chase & Co. reduced their price target on shares of Silgan from $53.00 to $47.00 and set an "overweight" rating for the company in a research report on Thursday, April 30th. Finally, Citigroup cut their target price on shares of Silgan from $56.00 to $54.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $51.56.
View Our Latest Research Report on SLGN
Silgan Trading Up 1.2%
Shares of NYSE:SLGN traded up $0.48 during mid-day trading on Tuesday, hitting $39.78. The stock had a trading volume of 202,737 shares, compared to its average volume of 910,400. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.30 and a current ratio of 0.49. The company has a market cap of $4.20 billion, a PE ratio of 14.98, a P/E/G ratio of 2.28 and a beta of 0.74. Silgan has a 12-month low of $36.15 and a 12-month high of $57.04. The company's 50 day moving average is $41.86 and its 200-day moving average is $41.87.
Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.51 billion. Silgan had a net margin of 4.31% and a return on equity of 17.22%. The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. On average, sell-side analysts predict that Silgan will post 3.78 EPS for the current year.
Institutional Investors Weigh In On Silgan
Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Silgan by 22.1% during the 4th quarter. JPMorgan Chase & Co. now owns 9,274,095 shares of the industrial products company's stock valued at $374,395,000 after purchasing an additional 1,676,760 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Silgan by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,927,750 shares of the industrial products company's stock valued at $383,983,000 after purchasing an additional 47,196 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Silgan by 25.8% during the 3rd quarter. Wellington Management Group LLP now owns 5,604,993 shares of the industrial products company's stock valued at $241,071,000 after purchasing an additional 1,148,044 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Silgan by 17.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,387,955 shares of the industrial products company's stock valued at $177,144,000 after purchasing an additional 647,558 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Silgan by 0.7% during the 2nd quarter. State Street Corp now owns 3,646,093 shares of the industrial products company's stock valued at $197,545,000 after purchasing an additional 23,734 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.
About Silgan
(
Get Free Report)
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.
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