Silgan Holdings Inc. (NASDAQ:SLGN) has been given an average rating of “Hold” by the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $31.67.
Several research analysts have recently issued reports on SLGN shares. JPMorgan Chase & Co. upped their price objective on Silgan from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Thursday, April 26th. KeyCorp set a $25.00 price objective on Silgan and gave the company a “sell” rating in a research note on Wednesday, April 25th. BidaskClub raised Silgan from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 27th. Zacks Investment Research raised Silgan from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Thursday, May 17th. Finally, ValuEngine downgraded Silgan from a “sell” rating to a “strong sell” rating in a research note on Friday, May 4th.
Get Silgan alerts:Shares of Silgan stock traded up $0.18 on Friday, hitting $26.97. The stock had a trading volume of 22,109 shares, compared to its average volume of 443,956. Silgan has a twelve month low of $26.26 and a twelve month high of $32.20. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.07 and a quick ratio of 0.57. The company has a market capitalization of $2.96 billion, a P/E ratio of 16.35, a P/E/G ratio of 1.27 and a beta of 0.49.
Silgan (NASDAQ:SLGN) last released its quarterly earnings data on Wednesday, April 25th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.07. Silgan had a return on equity of 28.31% and a net margin of 6.80%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $981.34 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. The firm’s revenue was up 25.7% compared to the same quarter last year. equities analysts anticipate that Silgan will post 2.1 EPS for the current year.
In other Silgan news, VP B Frederik Prinzen sold 5,367 shares of the stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $27.24, for a total transaction of $146,197.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Adam J. Greenlee sold 10,864 shares of the stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $27.71, for a total transaction of $301,041.44. The disclosure for this sale can be found here. Insiders have sold a total of 28,295 shares of company stock valued at $780,450 in the last three months. Insiders own 30.32% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. acquired a new stake in Silgan during the 4th quarter valued at approximately $199,000. TLP Group LLC acquired a new stake in Silgan during the 1st quarter valued at approximately $211,000. Xact Kapitalforvaltning AB acquired a new stake in Silgan during the 4th quarter valued at approximately $226,000. Jane Street Group LLC acquired a new stake in Silgan during the 4th quarter valued at approximately $278,000. Finally, PEAK6 Investments L.P. acquired a new stake in Silgan during the 4th quarter valued at approximately $297,000. 66.87% of the stock is owned by institutional investors and hedge funds.
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 soups, vegetables, fruit, meat, tomato based products, seafood, coffee, adult nutritional drinks, pet food, and other miscellaneous food products, as well as general line metal containers primarily for chemicals.
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