Shares of Silgan Holdings Inc. (NASDAQ:SLGN) have earned an average rating of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $35.50.
Several research analysts have issued reports on the stock. ValuEngine upgraded shares of Silgan from a “strong sell” rating to a “sell” rating in a research report on Friday, January 31st. BMO Capital Markets restated an “outperform” rating and issued a $41.00 price target on shares of Silgan in a research report on Tuesday, January 28th. Finally, BidaskClub upgraded shares of Silgan from a “sell” rating to a “hold” rating in a research report on Friday, January 24th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Silgan by 3.3% during the 2nd quarter. BlackRock Inc. now owns 7,191,552 shares of the industrial products company’s stock worth $220,060,000 after purchasing an additional 231,494 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Silgan by 4,705.4% during the 4th quarter. Victory Capital Management Inc. now owns 2,275,650 shares of the industrial products company’s stock valued at $70,227,000 after acquiring an additional 2,228,294 shares in the last quarter. LSV Asset Management grew its holdings in shares of Silgan by 3.3% during the 4th quarter. LSV Asset Management now owns 2,160,089 shares of the industrial products company’s stock valued at $67,135,000 after acquiring an additional 68,100 shares in the last quarter. GW&K Investment Management LLC grew its holdings in shares of Silgan by 8.3% during the 3rd quarter. GW&K Investment Management LLC now owns 1,145,891 shares of the industrial products company’s stock valued at $34,417,000 after acquiring an additional 87,379 shares in the last quarter. Finally, Boston Trust Walden Corp grew its holdings in shares of Silgan by 2.0% during the 4th quarter. Boston Trust Walden Corp now owns 1,045,595 shares of the industrial products company’s stock valued at $32,497,000 after acquiring an additional 20,376 shares in the last quarter. Hedge funds and other institutional investors own 66.25% of the company’s stock.
Silgan stock traded up $0.22 during mid-day trading on Friday, hitting $32.29. The company’s stock had a trading volume of 477,581 shares, compared to its average volume of 478,961. The company has a quick ratio of 0.24, a current ratio of 0.44 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $3.58 billion, a P/E ratio of 18.56, a P/E/G ratio of 1.79 and a beta of 0.75. Silgan has a twelve month low of $27.01 and a twelve month high of $32.35. The stock’s fifty day moving average price is $31.16 and its two-hundred day moving average price is $30.51.
Silgan (NASDAQ:SLGN) last posted its quarterly earnings results on Tuesday, January 28th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.02 billion. Silgan had a net margin of 4.32% and a return on equity of 25.07%. Equities analysts expect that Silgan will post 2.32 earnings per share for the current year.
Silgan Company Profile
Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products worldwide. It operates through three segments: Metal Containers, Closures, and Plastic Containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as pet food, vegetables, soups, proteins, tomato based products, adult nutritional drinks, fruits, and other miscellaneous food products, as well as general line metal containers primarily for chemicals.
Featured Article: How do investors use RSI to grade stocks?
Receive News & Ratings for Silgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silgan and related companies with MarketBeat.com's FREE daily email newsletter.