Silgan (NYSE:SLGN) Upgraded by Bank of America to "Buy" Rating

Key Points

• Silgan Holdings received an upgrade from a "neutral" to a "buy" rating by Bank of America, with a target price of $57.00, implying a potential upside of 22.94% based on its current stock price.
• Multiple analysts have issued ratings on Silgan, with Citigroup raising their target to $63.00, and Truist Financial setting a target of $67.00, while the stock maintains a consensus rating of "Buy" with an average target price of $62.22.
• Silgan reported a revenue increase of 11.4% year-over-year, earning $1.01 EPS but missing the consensus estimate by $0.02, and has set its Q3 2025 earnings guidance between 1.180-1.280 EPS.

Silgan (NYSE:SLGN - Get Free Report) was upgraded by equities research analysts at Bank of America from a "neutral" rating to a "buy" rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a $57.00 target price on the industrial products company's stock, up from their previous target price of $53.00. Bank of America's price objective would suggest a potential upside of 21.58% from the stock's previous close.

Several other research firms have also recently issued reports on SLGN. Truist Financial boosted their target price on Silgan from $62.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Raymond James Financial reduced their target price on Silgan from $64.00 to $60.00 and set a "strong-buy" rating on the stock in a research note on Thursday, July 31st. Royal Bank Of Canada reduced their target price on Silgan from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Wells Fargo & Company boosted their target price on Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. raised Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 target price on the stock in a research note on Thursday, May 1st. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $62.22.

Silgan Trading Up 0.2%

SLGN stock traded up $0.08 during midday trading on Thursday, hitting $46.88. The company had a trading volume of 972,405 shares, compared to its average volume of 981,018. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 1.40. Silgan has a 52 week low of $44.37 and a 52 week high of $58.14. The stock's 50 day moving average price is $51.30 and its 200 day moving average price is $51.96. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 1.22 and a beta of 0.71.

Silgan (NYSE:SLGN - Get Free Report) last announced its quarterly earnings data 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). Silgan had a net margin of 4.90% and a return on equity of 19.98%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The business's revenue for the quarter was up 11.4% compared to the same quarter last year. 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, equities research analysts expect that Silgan will post 4.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Robert B. Lewis sold 11,000 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $46.70, for a total value of $513,700.00. Following the sale, the executive vice president directly owned 142,378 shares of the company's stock, valued at $6,649,052.60. This represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.13% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Silgan

Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in Silgan by 2.1% in the first quarter. JPMorgan Chase & Co. now owns 5,916,625 shares of the industrial products company's stock worth $302,458,000 after acquiring an additional 120,844 shares in the last quarter. State Street Corp boosted its holdings in Silgan by 0.7% in the second quarter. State Street Corp now owns 3,646,093 shares of the industrial products company's stock worth $197,545,000 after acquiring an additional 23,734 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Silgan by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,312,590 shares of the industrial products company's stock worth $169,334,000 after acquiring an additional 250,577 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Silgan by 18.5% in the first quarter. Wellington Management Group LLP now owns 2,868,870 shares of the industrial products company's stock worth $146,657,000 after acquiring an additional 448,828 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Silgan by 4.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,595,520 shares of the industrial products company's stock worth $133,150,000 after acquiring an additional 115,878 shares in the last quarter. 70.25% of the stock is owned by institutional investors.

About Silgan

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.