Silgan Holdings Inc. (NASDAQ:SLGN) CFO Robert B. Lewis sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $29.01, for a total value of $435,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Silgan Holdings Inc. (NASDAQ SLGN) traded down $0.26 during trading on Thursday, hitting $28.45. The stock had a trading volume of 256,800 shares, compared to its average volume of 607,377. Silgan Holdings Inc. has a one year low of $27.21 and a one year high of $32.50. The company has a market cap of $3,168.81, a PE ratio of 17.51, a P/E/G ratio of 1.37 and a beta of 0.49. The company has a current ratio of 0.38, a quick ratio of 0.17 and a debt-to-equity ratio of 3.96.
Silgan (NASDAQ:SLGN) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. Silgan had a return on equity of 30.15% and a net margin of 6.59%. The company had revenue of $995.70 million for the quarter, compared to analysts’ expectations of $970.24 million. During the same quarter in the prior year, the business posted $0.48 EPS. The business’s revenue was up 23.6% compared to the same quarter last year. analysts forecast that Silgan Holdings Inc. will post 2.09 earnings per share for the current fiscal year.
SLGN has been the topic of several research reports. Bank of America boosted their target price on Silgan from $32.00 to $33.00 and gave the company an “underperform” rating in a research note on Thursday, February 1st. KeyCorp restated a “sell” rating and issued a $25.00 target price on shares of Silgan in a research note on Thursday, February 1st. Zacks Investment Research upgraded Silgan from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Monday, February 5th. JPMorgan Chase & Co. cut Silgan from a “neutral” rating to an “underweight” rating and set a $30.00 target price on the stock. in a research note on Wednesday, January 17th. Finally, BMO Capital Markets restated a “buy” rating and issued a $34.00 target price on shares of Silgan in a research note on Monday, November 20th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $31.20.
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Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.
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