Silgan (SLGN) Receives Media Sentiment Score of 0.12
Headlines about Silgan (NASDAQ:SLGN) have been trending somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Silgan earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.6367399891177 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
- Silgan (SLGN) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
- Silgan Holdings Inc. (SLGN) Expected to Post Quarterly Sales of $967.81 Million (americanbankingnews.com)
- Silgan Holdings Inc. Forecasted to Earn Q1 2018 Earnings of $0.35 Per Share (SLGN) (americanbankingnews.com)
- $0.35 EPS Expected for Silgan Holdings Inc. (SLGN) This Quarter (americanbankingnews.com)
SLGN has been the topic of a number of research analyst reports. Vertical Research upgraded shares of Silgan from a “hold” rating to a “buy” rating in a research report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Silgan from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Tuesday, December 26th. BMO Capital Markets restated a “buy” rating and issued a $34.00 target price on shares of Silgan in a research report on Monday, November 20th. Bank of America raised their target price on shares of Silgan from $32.00 to $33.00 and gave the company an “underperform” rating in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. lowered shares of Silgan from a “neutral” rating to an “underweight” rating and set a $30.00 target price on the stock. in a research report on Wednesday, January 17th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.70.
Silgan (NASDAQ:SLGN) last issued its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The company had revenue of $995.70 million for the quarter, compared to analyst estimates of $970.24 million. Silgan had a net margin of 6.59% and a return on equity of 30.15%. Silgan’s revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share. research analysts forecast that Silgan will post 2.09 EPS for the current year.
In other news, Director William C. Jennings sold 25,642 shares of Silgan stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $28.38, for a total transaction of $727,719.96. Following the transaction, the director now owns 42,180 shares in the company, valued at $1,197,068.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 33.10% of the stock is currently owned by insiders.
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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.
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