Silgan (NYSE:SLGN) Price Target Lowered to $44.00 at UBS Group

Silgan (NYSE:SLGN) had its price target reduced by equities research analysts at UBS Group from $46.00 to $44.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. UBS Group’s target price indicates a potential upside of 10.61% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Silgan from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, April 24th. Citigroup dropped their target price on shares of Silgan from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Wells Fargo & Company reiterated an “overweight” rating and issued a $56.00 target price (up from $55.00) on shares of Silgan in a report on Thursday, April 30th. Raymond James Financial reiterated a “market perform” rating on shares of Silgan in a report on Thursday, January 15th. Finally, 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 report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Silgan currently has a consensus rating of “Moderate Buy” and an average target price of $51.56.

Silgan Stock Up 1.2%

Shares of Silgan stock traded up $0.48 during midday trading on Tuesday, reaching $39.78. 202,737 shares of the company’s stock traded hands, compared to its average volume of 910,400. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 2.28 and a beta of 0.74. The company’s 50 day simple moving average is $41.86 and its 200 day simple moving average is $41.87. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.30 and a current ratio of 0.49. Silgan has a 52 week low of $36.15 and a 52 week high of $57.04.

Silgan (NYSE:SLGN) last released its quarterly 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 business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.51 billion. Silgan had a net margin of 4.31% and a return on equity of 17.22%. Silgan’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. Equities analysts expect that Silgan will post 3.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Silgan by 627.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 577 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Silgan by 2,525.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 707 shares during the period. Measured Wealth Private Client Group LLC bought a new position in shares of Silgan during the 3rd quarter worth about $33,000. Danske Bank A S increased its holdings in shares of Silgan by 233.3% during the 4th quarter. Danske Bank A S now owns 1,000 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 700 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Silgan during the 1st quarter worth about $54,000. 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.