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Silgan (SLGN) Stock Price, News & Analysis

Silgan logo
$54.72 +0.43 (+0.79%)
(As of 11/20/2024 ET)

About Silgan Stock (NYSE:SLGN)

Key Stats

Today's Range
$53.97
$54.91
50-Day Range
$50.00
$55.13
52-Week Range
$40.88
$55.32
Volume
779,935 shs
Average Volume
582,927 shs
Market Capitalization
$5.84 billion
P/E Ratio
19.83
Dividend Yield
1.39%
Price Target
$57.43
Consensus Rating
Moderate Buy

Company Overview

Silgan Holdings Inc., together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as pet food, vegetables, soups, proteins, fruits, and other miscellaneous food products, as well as general line metal containers primarily for chemicals. The Custom Containers segment manufactures and sells custom designed and stock plastic containers for use in personal care and health care; food and beverage; household and industrial chemical; pharmaceutical; pet food and care; agricultural; automotive. This segment also provides thermoformed barrier and non-barrier bowls, and trays for food products, such as soups, other ready-to-eat meals, and pet food products; and plastic closures, caps, sifters, and fitments, as well as thermoformed tubs for food, household, and personal care products. The company markets its products primarily through direct sales force, as well as through a network of distributors, and an online shopping catalog. The company was founded in 1987 and is headquartered in Stamford, Connecticut.

Silgan Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
73rd Percentile Overall Score

SLGN MarketRank™: 

Silgan scored higher than 73% of companies evaluated by MarketBeat, and ranked 87th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Silgan has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Silgan has only been the subject of 1 research reports in the past 90 days.

  • Read more about Silgan's stock forecast and price target.
  • Earnings Growth

    Earnings for Silgan are expected to grow by 13.89% in the coming year, from $3.60 to $4.10 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Silgan is 19.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Silgan is 19.83, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.31.

  • Price to Earnings Growth Ratio

    Silgan has a PEG Ratio of 1.42. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Silgan has a P/B Ratio of 2.85. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Silgan's valuation and earnings.
  • Percentage of Shares Shorted

    2.29% of the float of Silgan has been sold short.
  • Short Interest Ratio / Days to Cover

    Silgan has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Silgan has recently increased by 18.12%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Silgan pays a meaningful dividend of 1.40%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Silgan has been increasing its dividend for 21 years.

  • Dividend Coverage

    The dividend payout ratio of Silgan is 27.54%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Silgan will have a dividend payout ratio of 18.54% next year. This indicates that Silgan will be able to sustain or increase its dividend.

  • Read more about Silgan's dividend.
  • Percentage of Shares Shorted

    2.29% of the float of Silgan has been sold short.
  • Short Interest Ratio / Days to Cover

    Silgan has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Silgan has recently increased by 18.12%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Silgan has a news sentiment score of 1.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Silgan this week, compared to 4 articles on an average week.
  • Search Interest

    2 people have searched for SLGN on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • MarketBeat Follows

    2 people have added Silgan to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Silgan insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.39% of the stock of Silgan is held by insiders.

  • Percentage Held by Institutions

    70.25% of the stock of Silgan is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Silgan's insider trading history.
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SLGN Stock News Headlines

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Silgan Holdings price target raised to $58 from $55 at RBC Capital
Silgan Holdings Reports Mixed Q3 2024 Financial Results
Loop Capital Markets Keeps Their Buy Rating on Silgan Holdings (SLGN)
See More Headlines

SLGN Stock Analysis - Frequently Asked Questions

Silgan's stock was trading at $45.25 at the beginning of 2024. Since then, SLGN stock has increased by 20.9% and is now trading at $54.72.
View the best growth stocks for 2024 here
.

Silgan Holdings Inc. (NYSE:SLGN) released its quarterly earnings data on Wednesday, October, 30th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by $0.02. The company's revenue for the quarter was down 3.2% compared to the same quarter last year.

Silgan shares split before market open on Monday, May 29th 2017. The 2-1 split was announced on Thursday, May 4th 2017. The newly created shares were payable to shareholders after the market closes on Friday, May 26th 2017. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Silgan subsidiaries include these companies: Easytech Closures S.p.A., Unicep Packaging LLC., Gateway Plastics LLC, Cobra Plastics, WestRock - Closures and Dispensing Systems Operations, Injected Plastics - Plastic Closures Operations, Van Can Company - Metal Container Manufacturing Assets, and others.

Top institutional investors of Silgan include FMR LLC (5.88%), Allspring Global Investments Holdings LLC (2.44%), Wellington Management Group LLP (2.40%) and State Street Corp (2.34%). Insiders that own company stock include Anthony J Allott, Robert B Lewis, Jay A Martin, Thomas James Snyder, Joseph M Jordan, Stacey J Mcgrath and B Frederik Prinzen.
View institutional ownership trends
.

Shares of SLGN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Silgan investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Adobe (ADBE), Intel (INTC) and Netflix (NFLX).

Company Calendar

Ex-Dividend for 9/17 Dividend
9/03/2024
Dividend Payable
9/17/2024
Last Earnings
10/30/2024
Today
11/21/2024
Ex-Dividend for 12/16 Dividend
12/02/2024
Dividend Payable
12/16/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/29/2025

Industry, Sector and Symbol

Industry
Metal cans
Sub-Industry
Metal & Glass Containers
CUSIP
82704810
Employees
14,400
Year Founded
1987

Price Target and Rating

Average Stock Price Target
$57.43
High Stock Price Target
$60.00
Low Stock Price Target
$53.00
Potential Upside/Downside
+4.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$325.96 million
Pretax Margin
6.62%

Debt

Sales & Book Value

Annual Sales
$5.99 billion
Cash Flow
$5.95 per share
Book Value
$17.18 per share

Miscellaneous

Free Float
105,311,000
Market Cap
$5.84 billion
Optionable
Optionable
Beta
0.67

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This page (NYSE:SLGN) was last updated on 11/21/2024 by MarketBeat.com Staff
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