Royal Bank Of Canada Boosts Silgan (NYSE:SLGN) Price Target to $49.00

Silgan (NYSE:SLGN) had its price objective hoisted by analysts at Royal Bank Of Canada from $48.00 to $49.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the industrial products company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 23.23% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $56.00 target price (up from $55.00) on shares of Silgan in a research note on Thursday. Deutsche Bank Aktiengesellschaft started coverage on shares of Silgan in a research note on Wednesday, April 1st. They issued a “buy” rating and a $52.00 target price on the stock. Truist Financial dropped 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. Weiss Ratings cut shares of Silgan from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Silgan from $44.00 to $53.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.78.

Silgan Stock Down 1.9%

SLGN opened at $39.76 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.49 and a debt-to-equity ratio of 1.63. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 2.42 and a beta of 0.74. Silgan has a twelve month low of $36.15 and a twelve month high of $57.04. The company’s 50-day moving average price is $41.86 and its two-hundred day moving average price is $41.88.

Silgan (NYSE:SLGN) last released its earnings results on Wednesday, April 29th. The industrial products company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Silgan had a net margin of 4.31% and a return on equity of 17.22%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $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. As a group, equities analysts expect that Silgan will post 3.79 earnings per share for the current year.

Institutional Trading of Silgan

Several hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of Silgan by 22.1% in the fourth quarter. JPMorgan Chase & Co. now owns 9,274,095 shares of the industrial products company’s stock valued at $374,395,000 after purchasing an additional 1,676,760 shares during the period. Vanguard Group Inc. raised its position in shares of Silgan by 0.5% in the third quarter. Vanguard Group Inc. now owns 8,927,750 shares of the industrial products company’s stock valued at $383,983,000 after purchasing an additional 47,196 shares during the period. Wellington Management Group LLP raised 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 valued at $241,071,000 after purchasing an additional 1,148,044 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Silgan by 17.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,387,955 shares of the industrial products company’s stock valued at $177,144,000 after purchasing an additional 647,558 shares during the period. Finally, State Street Corp raised its position in shares of Silgan by 0.7% in the second quarter. State Street Corp now owns 3,646,093 shares of the industrial products company’s stock valued at $197,545,000 after purchasing an additional 23,734 shares during the period. 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.