Silgan Holdings Inc. (NYSE:SLGN) Given Consensus Rating of "Moderate Buy" by Analysts

Silgan Holdings Inc. (NYSE:SLGN - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $64.22.

A number of research analysts have weighed in on SLGN shares. Raymond James lifted their price objective on shares of Silgan from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Royal Bank of Canada lifted their price target on Silgan from $63.00 to $65.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Wells Fargo & Company raised their price objective on Silgan from $58.00 to $63.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Robert W. Baird upped their target price on Silgan from $60.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Finally, Bank of America increased their target price on Silgan from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Monday, January 6th.

Insider Activity at Silgan

In other news, EVP Robert B. Lewis sold 20,000 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $53.22, for a total transaction of $1,064,400.00. Following the transaction, the executive vice president now owns 152,133 shares of the company's stock, valued at approximately $8,096,518.26. The trade was a 11.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Silgan

Hedge funds and other institutional investors have recently bought and sold shares of the company. GeoWealth Management LLC purchased a new stake in shares of Silgan in the 4th quarter valued at approximately $56,000. Bank of Jackson Hole Trust acquired a new position in Silgan in the fourth quarter valued at approximately $59,000. Venturi Wealth Management LLC grew its position in Silgan by 220.4% in the third quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company's stock worth $74,000 after acquiring an additional 963 shares during the period. Smartleaf Asset Management LLC increased its stake in Silgan by 1,229.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the industrial products company's stock worth $107,000 after acquiring an additional 1,906 shares during the last quarter. Finally, KBC Group NV raised its position in Silgan by 27.7% in the third quarter. KBC Group NV now owns 2,277 shares of the industrial products company's stock valued at $120,000 after purchasing an additional 494 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Silgan Stock Performance

Shares of SLGN stock traded up $0.51 on Friday, hitting $53.71. The company had a trading volume of 617,177 shares, compared to its average volume of 711,093. Silgan has a twelve month low of $41.14 and a twelve month high of $58.14. The company has a quick ratio of 0.28, a current ratio of 0.45 and a debt-to-equity ratio of 1.24. The firm has a market cap of $5.74 billion, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 1.24 and a beta of 0.71. The company has a 50-day moving average price of $52.98 and a 200-day moving average price of $52.43.

Silgan (NYSE:SLGN - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. Silgan had a return on equity of 19.70% and a net margin of 4.72%. As a group, equities research analysts predict that Silgan will post 4.11 earnings per share for the current fiscal year.

Silgan Company Profile

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.