Silgan Holdings Inc. (NYSE:SLGN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Silgan Holdings Inc. (NYSE:SLGN) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $64.22.

Several equities research analysts have recently issued reports on the stock. Truist Financial restated a “buy” rating and issued a $70.00 price objective (up previously from $69.00) on shares of Silgan in a research note on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on shares of Silgan from $53.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Robert W. Baird raised their price objective on shares of Silgan from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Bank of America lifted their price target on shares of Silgan from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Raymond James lifted their price target on shares of Silgan from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th.

Institutional Investors Weigh In On Silgan

Several institutional investors and hedge funds have recently made changes to their positions in SLGN. Bank of Jackson Hole Trust acquired a new stake in shares of Silgan in the 4th quarter valued at $59,000. Venturi Wealth Management LLC boosted its stake in shares of Silgan by 220.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company’s stock valued at $74,000 after purchasing an additional 963 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Silgan by 1,229.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 1,906 shares in the last quarter. KBC Group NV boosted its stake in shares of Silgan by 27.7% in the 3rd quarter. KBC Group NV now owns 2,277 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 494 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Silgan by 48.6% in the 4th quarter. GAMMA Investing LLC now owns 2,640 shares of the industrial products company’s stock valued at $137,000 after purchasing an additional 863 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Silgan Trading Up 1.7 %

Shares of SLGN stock opened at $53.23 on Friday. The business’s 50 day moving average is $53.05 and its two-hundred day moving average is $52.35. The company has a market cap of $5.68 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.24 and a beta of 0.71. The company has a quick ratio of 0.28, a current ratio of 0.45 and a debt-to-equity ratio of 1.24. Silgan has a 12 month low of $41.14 and a 12 month high of $58.14.

Silgan (NYSE:SLGN) last announced its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.03. Silgan had a net margin of 4.72% and a return on equity of 19.70%. Equities analysts predict that Silgan will post 4.11 EPS for the current year.

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.