Brokerages Set Silgan Holdings Inc. (NASDAQ:SLGN) PT at $50.70

Silgan Holdings Inc. (NASDAQ:SLGNGet Rating) has received an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $50.70.

SLGN has been the topic of a number of research reports. Royal Bank of Canada raised their price objective on shares of Silgan from $50.00 to $57.00 in a report on Thursday, January 27th. StockNews.com downgraded shares of Silgan from a “buy” rating to a “hold” rating in a report on Friday, April 29th. KeyCorp lifted their price objective on shares of Silgan from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, January 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Silgan from $41.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, January 27th. Finally, Citigroup lifted their price objective on shares of Silgan from $45.00 to $50.00 in a research report on Friday, April 8th.

NASDAQ:SLGN opened at $42.75 on Friday. The firm has a market cap of $4.74 billion, a P/E ratio of 12.84, a P/E/G ratio of 2.15 and a beta of 0.76. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.74 and a current ratio of 1.33. Silgan has a fifty-two week low of $37.10 and a fifty-two week high of $46.98. The firm has a 50-day simple moving average of $45.01 and a two-hundred day simple moving average of $43.36.

Silgan (NASDAQ:SLGNGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The industrial products company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.40 billion. Silgan had a net margin of 6.30% and a return on equity of 25.33%. Silgan’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the business earned $0.75 EPS. On average, equities research analysts predict that Silgan will post 3.95 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.50%. The ex-dividend date is Tuesday, May 31st. Silgan’s dividend payout ratio is presently 19.22%.

A number of institutional investors and hedge funds have recently made changes to their positions in SLGN. Point72 Hong Kong Ltd bought a new position in Silgan during the third quarter valued at $25,000. Quent Capital LLC increased its position in Silgan by 110.6% during the first quarter. Quent Capital LLC now owns 537 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 282 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Silgan during the first quarter valued at $74,000. Captrust Financial Advisors boosted its stake in shares of Silgan by 65.2% during the first quarter. Captrust Financial Advisors now owns 1,895 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 748 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Silgan during the first quarter valued at $89,000. Institutional investors own 67.77% of the company’s stock.

Silgan Company Profile (Get Rating)

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products in North America, Europe, and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom 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.

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Analyst Recommendations for Silgan (NASDAQ:SLGN)

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