Truist Financial Lowers Silgan (NYSE:SLGN) Price Target to $54.00

Silgan (NYSE:SLGN) had its target price cut by equities research analysts at Truist Financial from $59.00 to $54.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s target price suggests a potential upside of 33.98% from the stock’s previous close.

A number of other brokerages also recently issued reports on SLGN. Zacks Research raised Silgan from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft started coverage on Silgan in a report on Wednesday, April 1st. They issued a “buy” rating and a $52.00 price target for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $49.00 price target (up from $43.00) on shares of Silgan in a report on Thursday, February 5th. UBS Group set a $46.00 price target on Silgan and gave the company a “neutral” rating in a report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Silgan in a report on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $52.78.

Silgan Trading Down 2.8%

NYSE SLGN traded down $1.17 during trading on Wednesday, hitting $40.31. The stock had a trading volume of 200,747 shares, compared to its average volume of 927,707. The company has a market capitalization of $4.25 billion, a PE ratio of 14.97, a PEG ratio of 2.51 and a beta of 0.75. The company has a quick ratio of 0.78, a current ratio of 1.22 and a debt-to-equity ratio of 1.63. The firm has a 50 day moving average price of $43.86 and a 200 day moving average price of $42.09. Silgan has a twelve month low of $36.15 and a twelve month high of $57.04.

Silgan (NYSE:SLGN) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Silgan had a return on equity of 17.94% and a net margin of 4.45%.The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. Silgan has set its FY 2026 guidance at 3.700-3.900 EPS and its Q1 2026 guidance at 0.700-0.800 EPS. As a group, equities research analysts forecast that Silgan will post 4.11 earnings per share for the current year.

Institutional Investors Weigh In On Silgan

Several large investors have recently modified their holdings of SLGN. Royal Bank of Canada raised its stake in shares of Silgan by 1.2% during the first quarter. Royal Bank of Canada now owns 43,734 shares of the industrial products company’s stock worth $2,235,000 after purchasing an additional 510 shares during the last quarter. AQR Capital Management LLC grew its holdings in Silgan by 94.7% during the first quarter. AQR Capital Management LLC now owns 89,117 shares of the industrial products company’s stock worth $4,477,000 after acquiring an additional 43,338 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Silgan during the first quarter worth $54,000. NewEdge Advisors LLC grew its holdings in Silgan by 332.3% during the first quarter. NewEdge Advisors LLC now owns 6,459 shares of the industrial products company’s stock worth $330,000 after acquiring an additional 4,965 shares during the period. Finally, United Services Automobile Association acquired a new position in Silgan during the first quarter worth $264,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Silgan Company Profile

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.