Wells Fargo & Company Boosts Silgan (NYSE:SLGN) Price Target to $55.00

Silgan (NYSE:SLGN) had its price target hoisted by stock analysts at Wells Fargo & Company from $52.00 to $55.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 12.43% from the company’s previous close.

SLGN has been the subject of a number of other reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Silgan in a report on Monday, December 29th. Royal Bank Of Canada reissued a “sector perform” rating and set a $49.00 price objective (up previously from $43.00) on shares of Silgan in a report on Thursday. Truist Financial set a $50.00 target price on Silgan and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Zacks Research upgraded Silgan from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Citigroup reissued a “buy” rating and issued a $56.00 price target (up from $47.00) on shares of Silgan in a report on Friday. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Silgan presently has a consensus rating of “Moderate Buy” and an average target price of $53.38.

Silgan Price Performance

NYSE SLGN opened at $48.92 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.49 and a debt-to-equity ratio of 1.68. The company has a market cap of $5.17 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.21 and a beta of 0.72. Silgan has a 52 week low of $36.15 and a 52 week high of $57.04. The firm’s 50-day simple moving average is $41.72 and its two-hundred day simple moving average is $43.03.

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

Institutional Investors Weigh In On Silgan

Several hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased its holdings in shares of Silgan by 174.6% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 497 shares of the industrial products company’s stock worth $27,000 after buying an additional 316 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Silgan by 359.4% in the second quarter. Hantz Financial Services Inc. now owns 634 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 496 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Silgan by 627.2% in the second quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 577 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Silgan during the second quarter valued at about $40,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Silgan during the third quarter worth about $33,000. 70.25% of the stock is currently owned by institutional investors.

About Silgan

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.