3 days Ago By ABMN Staff
Silgan ( NYSE:SLGN – Get Free Report ) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday. A number of other equities analysts have also commented on the company.
Royal Bank of Canada raised their price target on Silgan from $51.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st.
JPMorgan Chase & Co. upgraded shares of Silgan from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $46.00 to $53.
00 in a research note on Thursday, August 1st. Truist Financial reissued a “buy” rating and set a $59.00 price objective (up previously from $56.
00) on shares of Silgan in a research note on Thursday, August 1st. Wells Fargo & Company raised their price target on Silgan from $54.00 to $58.
00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Citigroup upped their price objective on shares of Silgan from $50.00 to $60.
00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.
00. Check Out Our Latest Report on SLGN Silgan Stock Up 1.1 % Silgan ( NYSE:SLGN – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 31st.
The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.
01. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.
43 billion. Silgan had a return on equity of 19.22% and a net margin of 5.
24%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis.
During the same quarter in the prior year, the company earned $0.83 EPS. On average, sell-side analysts forecast that Silgan will post 3.
66 earnings per share for the current fiscal year. Insiders Place Their Bets In other news, VP Stacey J. Mcgrath sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, August 5th.
The stock was sold at an average price of $49.04, for a total transaction of $78,464.00.
Following the sale, the vice president now directly owns 11,495 shares of the company’s stock, valued at approximately $563,714.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink .
1.39% of the stock is owned by company insiders. Institutional Trading of Silgan A number of institutional investors and hedge funds have recently added to or reduced their stakes in SLGN.
TFO Wealth Partners LLC grew its holdings in Silgan by 10,540.0% in the fourth quarter. TFO Wealth Partners LLC now owns 532 shares of the industrial products company’s stock valued at $226,000 after purchasing an additional 527 shares during the period.
Blue Trust Inc. increased its position in shares of Silgan by 256.6% during the second quarter.
Blue Trust Inc. now owns 592 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 426 shares in the last quarter. Principal Securities Inc.
purchased a new position in Silgan in the 4th quarter valued at $30,000. Covestor Ltd grew its holdings in shares of Silgan by 69.7% during the first quarter.
Covestor Ltd now owns 1,125 shares of the industrial products company’s stock worth $55,000 after buying an additional 462 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Silgan by 2,838.5% in the second quarter.
Versant Capital Management Inc now owns 1,146 shares of the industrial products company’s stock valued at $49,000 after buying an additional 1,107 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.
Silgan Company Profile ( Get Free Report ) Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.
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