Silgan (NYSE:SLGN) Stock Price Expected to Rise, Bank of America Analyst Says

Silgan (NYSE:SLGN) had its price objective boosted by Bank of America from $53.00 to $58.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Bank of America‘s target price would suggest a potential upside of 30.96% from the company’s previous close.

A number of other equities research analysts also recently commented on the stock. Truist Financial reduced their price objective on shares of Silgan from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. UBS Group cut their target price on Silgan from $46.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Citigroup cut their price objective on Silgan from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Weiss Ratings downgraded Silgan from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Silgan in a research report on Wednesday, April 1st. They set a “buy” rating and a $52.00 target price on the stock. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.89.

Silgan Stock Performance

NYSE:SLGN traded down $0.65 during trading hours on Tuesday, reaching $44.29. 133,362 shares of the company’s stock were exchanged, compared to its average volume of 900,768. Silgan has a 1-year low of $35.68 and a 1-year high of $56.85. 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 firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 2.58 and a beta of 0.66. The company has a 50-day moving average of $40.78 and a 200 day moving average of $42.11.

Silgan (NYSE:SLGN) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.51 billion. Silgan had a return on equity of 17.22% and a net margin of 4.31%.The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $0.69 earnings per share. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. Research analysts anticipate that Silgan will post 3.78 EPS for the current year.

Institutional Trading of Silgan

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew 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. Massachusetts Financial Services Co. MA increased its stake in Silgan by 5.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 866,966 shares of the industrial products company’s stock valued at $34,999,000 after purchasing an additional 41,909 shares during the last quarter. Norges Bank purchased a new stake in Silgan in the 4th quarter valued at about $30,813,000. William Blair Investment Management LLC increased its stake in shares of Silgan by 11.5% during the 4th quarter. William Blair Investment Management LLC now owns 666,415 shares of the industrial products company’s stock valued at $26,903,000 after acquiring an additional 68,611 shares during the last quarter. Finally, Comerica Bank lifted its holdings in shares of Silgan by 65.7% during the 4th quarter. Comerica Bank now owns 74,325 shares of the industrial products company’s stock worth $3,000,000 after acquiring an additional 29,480 shares during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

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.