Silgan (NYSE:SLGN) Price Target Raised to $53.00

Silgan (NYSE:SLGN) had its target price upped by JPMorgan Chase & Co. from $44.00 to $53.00 in a report released on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the industrial products company’s stock.

Several other research analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Silgan in a report on Monday, December 29th. Zacks Research raised Silgan from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Wells Fargo & Company lifted their target price on Silgan from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Citigroup restated a “buy” rating and issued a $56.00 price target (up from $47.00) on shares of Silgan in a research note on Friday, February 6th. Finally, Truist Financial set a $50.00 price objective on shares of Silgan and gave the company a “buy” rating in a research report on Tuesday, January 6th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.88.

Silgan Trading Down 0.6%

Shares of NYSE:SLGN opened at $48.47 on Monday. The stock has a 50 day moving average of $42.28 and a 200 day moving average of $42.88. The company has a market cap of $5.12 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 2.08 and a beta of 0.72. Silgan has a 12-month low of $36.15 and a 12-month high of $57.04. The company has a current ratio of 0.49, a quick ratio of 0.31 and a debt-to-equity ratio of 1.68.

Silgan (NYSE:SLGN) last released its earnings results on Wednesday, February 4th. The industrial products company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Silgan had a net margin of 4.45% and a return on equity of 17.94%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 EPS. Silgan has set its FY 2026 guidance at 3.700-3.900 EPS and its Q1 2026 guidance at 0.700-0.800 EPS. As a group, equities research analysts expect that Silgan will post 4.11 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its position in Silgan by 174.6% in the second quarter. Caitong International Asset Management Co. Ltd now owns 497 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 316 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Silgan in the 3rd quarter worth $33,000. Hantz Financial Services Inc. grew its stake in shares of Silgan by 359.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 634 shares of the industrial products company’s stock worth $34,000 after buying an additional 496 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of 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 buying an additional 577 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Silgan during the 2nd quarter valued at about $40,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Silgan Company Profile

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.