Silgan (NYSE:SLGN) Price Target Raised to $53.00 at JPMorgan Chase & Co.

Silgan (NYSE:SLGN) had its target price upped by JPMorgan Chase & Co. from $44.00 to $53.00 in a research note published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the industrial products company’s stock.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company increased their price target on shares of Silgan from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday. Zacks Research raised Silgan from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Royal Bank Of Canada restated a “sector perform” rating and issued a $49.00 price target (up from $43.00) on shares of Silgan in a research note on Thursday. Raymond James Financial reiterated a “market perform” rating on shares of Silgan in a research report on Thursday, January 15th. Finally, UBS Group restated a “neutral” rating and set a $50.00 target price (up from $44.00) on shares of Silgan in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $52.88.

Silgan Trading Down 0.4%

Shares of SLGN stock opened at $48.71 on Monday. The company has a market capitalization of $5.15 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 2.09 and a beta of 0.72. The company has a current ratio of 0.49, a quick ratio of 0.31 and a debt-to-equity ratio of 1.68. The business’s 50 day moving average is $41.91 and its two-hundred day moving average is $42.89. Silgan has a twelve month low of $36.15 and a twelve month high of $57.04.

Silgan (NYSE:SLGN) last issued its quarterly 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. Silgan had a return on equity of 17.94% and a net margin of 4.45%.The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Silgan has set its FY 2026 guidance at 3.700-3.900 EPS and its Q1 2026 guidance at 0.700-0.800 EPS. Equities analysts forecast that Silgan will post 4.11 EPS for the current year.

Institutional Investors Weigh In On Silgan

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its position in Silgan by 1.2% during the first quarter. Royal Bank of Canada now owns 43,734 shares of the industrial products company’s stock worth $2,235,000 after acquiring an additional 510 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Silgan by 94.7% during the 1st quarter. AQR Capital Management LLC now owns 89,117 shares of the industrial products company’s stock worth $4,477,000 after purchasing an additional 43,338 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Silgan in the 1st quarter valued at approximately $54,000. NewEdge Advisors LLC lifted its stake in Silgan by 332.3% in the 1st quarter. NewEdge Advisors LLC now owns 6,459 shares of the industrial products company’s stock valued at $330,000 after buying an additional 4,965 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in Silgan during the 1st quarter valued at $264,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Silgan Company Profile

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.