Citigroup Issues Pessimistic Forecast for Silgan (NYSE:SLGN) Stock Price

Silgan (NYSE:SLGN) had its price target lowered by stock analysts at Citigroup from $56.00 to $54.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Citigroup’s price target would indicate a potential upside of 35.80% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. Truist Financial reduced their target price on shares of Silgan from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday. Raymond James Financial reiterated a “market perform” rating on shares of Silgan in a research report on Thursday, January 15th. Royal Bank Of Canada upped their target price on shares of Silgan from $48.00 to $49.00 and gave the company a “sector perform” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price target on Silgan from $44.00 to $53.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Silgan in a research note on Wednesday, April 1st. They set a “buy” rating and a $52.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Silgan presently has a consensus rating of “Moderate Buy” and an average price target of $51.78.

Silgan Stock Down 1.9%

SLGN opened at $39.76 on Thursday. Silgan has a fifty-two week low of $36.15 and a fifty-two week high of $57.04. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.49 and a quick ratio of 0.78. The firm’s fifty day moving average price is $41.86 and its two-hundred day moving average price is $41.88. The company has a market capitalization of $4.20 billion, a P/E ratio of 14.95, a P/E/G ratio of 2.42 and a beta of 0.74.

Silgan (NYSE:SLGN) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. Silgan had a net margin of 4.31% and a return on equity of 17.22%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company earned $0.69 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. On average, analysts anticipate that Silgan will post 3.79 EPS for the current year.

Institutional Investors Weigh In On Silgan

Hedge funds have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Silgan by 177.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,400,088 shares of the industrial products company’s stock worth $137,262,000 after buying an additional 2,174,028 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Silgan by 31.6% during the third quarter. JPMorgan Chase & Co. now owns 7,597,335 shares of the industrial products company’s stock worth $326,761,000 after buying an additional 1,822,797 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Silgan by 21,854.8% during the fourth quarter. SG Americas Securities LLC now owns 1,175,238 shares of the industrial products company’s stock worth $47,444,000 after buying an additional 1,169,885 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Silgan by 131.9% during the third quarter. Bank of America Corp DE now owns 2,027,845 shares of the industrial products company’s stock worth $87,218,000 after buying an additional 1,153,253 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Silgan by 25.8% in the third quarter. Wellington Management Group LLP now owns 5,604,993 shares of the industrial products company’s stock worth $241,071,000 after purchasing an additional 1,148,044 shares during the period. Institutional investors and hedge funds 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.