Silgan Holdings Inc. (NASDAQ:SLGN) Given Consensus Rating of “Hold” by Brokerages

Silgan Holdings Inc. (NASDAQ:SLGNGet Rating) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $50.70.

SLGN has been the subject of several research reports. KeyCorp lifted their price objective on shares of Silgan from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, January 27th. StockNews.com cut shares of Silgan from a “buy” rating to a “hold” rating in a report on Friday, April 29th. Royal Bank of Canada raised their target price on shares of Silgan from $50.00 to $57.00 in a report on Thursday, January 27th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Silgan from $41.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, January 27th. Finally, Raymond James raised their target price on shares of Silgan from $47.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, January 27th.

SLGN traded up $0.13 during trading on Friday, hitting $42.59. The stock had a trading volume of 452,248 shares, compared to its average volume of 479,065. The company has a market capitalization of $4.72 billion, a PE ratio of 12.79, a PEG ratio of 2.15 and a beta of 0.76. Silgan has a twelve month low of $37.10 and a twelve month high of $46.98. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.74 and a current ratio of 1.33. The stock has a 50 day simple moving average of $45.05 and a two-hundred day simple moving average of $43.33.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.50%. Silgan’s dividend payout ratio is currently 19.22%.

Several hedge funds have recently added to or reduced their stakes in SLGN. Deprince Race & Zollo Inc. acquired a new position in Silgan during the third quarter worth about $11,815,000. Marshall Wace LLP acquired a new position in Silgan during the third quarter worth about $1,996,000. Frontier Capital Management Co. LLC acquired a new position in Silgan during the fourth quarter worth about $18,660,000. Yousif Capital Management LLC acquired a new position in Silgan in the 4th quarter valued at about $1,884,000. Finally, UBS Asset Management Americas Inc. boosted its holdings in Silgan by 2.9% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 143,907 shares of the industrial products company’s stock valued at $5,520,000 after purchasing an additional 3,993 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

About Silgan (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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