News stories about Silgan (NASDAQ:SLGN) have been trending somewhat positive on Tuesday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Silgan earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 44.8007403759055 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Silgan (SLGN) Raised to “Hold” at Zacks Investment Research (americanbankingnews.com)
- FY2017 Earnings Estimate for Silgan Holdings Inc. Issued By KeyCorp (SLGN) (americanbankingnews.com)
- Ball Corp, Silgan Holdings Downgraded As Industry Concerns Mount (finance.yahoo.com)
- Silgan (SLGN) Given Underweight Rating at KeyCorp (americanbankingnews.com)
- Silgan (SLGN) versus Its Competitors Financial Review (americanbankingnews.com)
A number of research firms recently issued reports on SLGN. Zacks Investment Research upgraded Silgan from a “sell” rating to a “hold” rating in a research report on Tuesday. KeyCorp restated an “underweight” rating and set a $25.00 price objective (down previously from $28.99) on shares of Silgan in a research report on Friday. BMO Capital Markets restated a “buy” rating and set a $34.00 price objective on shares of Silgan in a research report on Monday, November 20th. Robert W. Baird restated a “hold” rating and set a $32.00 price objective on shares of Silgan in a research report on Friday, October 27th. Finally, Royal Bank of Canada initiated coverage on Silgan in a research report on Monday, October 9th. They set a “sector perform” rating and a $30.00 price target for the company. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.75.
Shares of Silgan (NASDAQ SLGN) traded down $0.01 during mid-day trading on Tuesday, reaching $28.79. The company’s stock had a trading volume of 393,518 shares, compared to its average volume of 547,226. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 3.96. Silgan has a one year low of $25.16 and a one year high of $32.50. The firm has a market cap of $3,162.18, a price-to-earnings ratio of 18.36, a PEG ratio of 1.75 and a beta of 0.52.
Silgan (NASDAQ:SLGN) last announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.03). Silgan had a return on equity of 32.87% and a net margin of 3.77%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm posted $0.61 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. analysts predict that Silgan will post 1.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.36 dividend on an annualized basis and a yield of 1.25%. Silgan’s dividend payout ratio (DPR) is presently 27.38%.
In other Silgan news, Director William C. Jennings sold 25,642 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $28.38, for a total transaction of $727,719.96. Following the completion of the transaction, the director now owns 42,180 shares in the company, valued at approximately $1,197,068.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 33.10% of the company’s stock.
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Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.
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