Silgan Holdings Inc. (NASDAQ:SLGN)‘s stock had its “buy” rating restated by investment analysts at BMO Capital Markets in a note issued to investors on Monday. They presently have a $34.00 target price on the industrial products company’s stock. BMO Capital Markets’ price target points to a potential upside of 19.01% from the company’s current price.

A number of other equities analysts also recently weighed in on SLGN. BidaskClub downgraded shares of Silgan Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. ValuEngine downgraded shares of Silgan Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Bank of America Corporation downgraded shares of Silgan Holdings from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a research note on Thursday, July 27th. KeyCorp reissued a “hold” rating on shares of Silgan Holdings in a research note on Sunday, October 29th. Finally, Robert W. Baird reissued a “hold” rating and set a $32.00 target price on shares of Silgan Holdings in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $31.57.

Silgan Holdings (NASDAQ:SLGN) traded down $0.07 during mid-day trading on Monday, hitting $28.57. 174,903 shares of the stock traded hands, compared to its average volume of 559,778. The company has a market capitalization of $3,161.08, a P/E ratio of 18.36, a P/E/G ratio of 1.75 and a beta of 0.52. Silgan Holdings has a 12-month low of $24.36 and a 12-month high of $32.50. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.26 and a quick ratio of 0.73.

Silgan Holdings (NASDAQ:SLGN) last released its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.03). The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. Silgan Holdings had a net margin of 3.77% and a return on equity of 32.87%. Silgan Holdings’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. sell-side analysts expect that Silgan Holdings will post 1.64 earnings per share for the current year.

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In other Silgan Holdings news, VP Anthony P. Andreacchi sold 2,192 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $30.18, for a total value of $66,154.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert B. Lewis sold 7,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $29.70, for a total transaction of $207,900.00. The disclosure for this sale can be found here. Company insiders own 33.10% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. FMR LLC grew its holdings in Silgan Holdings by 98.3% in the second quarter. FMR LLC now owns 13,086,272 shares of the industrial products company’s stock worth $415,881,000 after purchasing an additional 6,485,884 shares during the period. JPMorgan Chase & Co. grew its holdings in Silgan Holdings by 102.2% in the second quarter. JPMorgan Chase & Co. now owns 7,792,959 shares of the industrial products company’s stock worth $247,661,000 after purchasing an additional 3,939,145 shares during the period. Vanguard Group Inc. grew its holdings in Silgan Holdings by 92.5% in the second quarter. Vanguard Group Inc. now owns 7,542,961 shares of the industrial products company’s stock worth $239,715,000 after purchasing an additional 3,624,183 shares during the period. BlackRock Inc. grew its holdings in Silgan Holdings by 107.4% in the second quarter. BlackRock Inc. now owns 6,637,734 shares of the industrial products company’s stock worth $210,947,000 after purchasing an additional 3,437,477 shares during the period. Finally, State Street Corp grew its holdings in Silgan Holdings by 107.8% in the second quarter. State Street Corp now owns 2,006,227 shares of the industrial products company’s stock worth $63,762,000 after purchasing an additional 1,040,766 shares during the period. Institutional investors and hedge funds own 65.89% of the company’s stock.

About Silgan Holdings

Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.

Analyst Recommendations for Silgan Holdings (NASDAQ:SLGN)

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