Silgan (NYSE:SLGN) Rating Increased to Strong-Buy at BMO Capital Markets

Silgan (NYSE:SLGN) was upgraded by research analysts at BMO Capital Markets to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

A number of other research firms have also commented on SLGN. Weiss Ratings upgraded Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Citigroup decreased their price target on shares of Silgan from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Wells Fargo & Company reiterated an “overweight” rating and set a $56.00 price target (up from $55.00) on shares of Silgan in a report on Thursday, April 30th. JPMorgan Chase & Co. decreased their target price on shares of Silgan from $53.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, UBS Group cut their price target on Silgan from $46.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Silgan Stock Performance

NYSE:SLGN opened at $47.22 on Thursday. The firm’s fifty day simple moving average is $41.27 and its 200-day simple moving average is $42.25. The company has a quick ratio of 0.78, a current ratio of 1.26 and a debt-to-equity ratio of 1.58. The stock has a market cap of $4.99 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 2.60 and a beta of 0.66. Silgan has a fifty-two week low of $35.68 and a fifty-two week high of $56.85.

Silgan (NYSE:SLGN) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.51 billion. Silgan had a return on equity of 17.22% and a net margin of 4.31%.Silgan’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. Analysts expect that Silgan will post 3.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Silgan

Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd increased its holdings in Silgan by 2,525.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 707 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Silgan during the 3rd quarter worth approximately $33,000. EverSource Wealth Advisors LLC boosted its holdings in Silgan by 627.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 577 shares during the period. Danske Bank A S raised its stake in shares of Silgan by 233.3% during the fourth quarter. Danske Bank A S now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 700 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of Silgan by 37.4% during the fourth quarter. Fifth Third Bancorp now owns 1,084 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 295 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

About Silgan

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.