Silgan (NYSE:SLGN) Price Target Raised to $65.00 at Raymond James

Silgan (NYSE:SLGN) had its price target boosted by stock analysts at Raymond James from $62.00 to $65.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Raymond James’ price target suggests a potential upside of 16.16% from the company’s previous close.

SLGN has been the subject of a number of other reports. Wells Fargo & Company upped their price target on shares of Silgan from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday. Bank of America boosted their price objective on Silgan from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Truist Financial raised their target price on Silgan from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Royal Bank of Canada boosted their price target on shares of Silgan from $58.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, StockNews.com lowered shares of Silgan from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.75.

Silgan Stock Up 0.3 %

SLGN stock opened at $55.96 on Thursday. Silgan has a fifty-two week low of $41.14 and a fifty-two week high of $58.14. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock has a market cap of $5.98 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 1.26 and a beta of 0.71. The firm’s 50-day simple moving average is $53.66 and its 200 day simple moving average is $51.77.

Silgan (NYSE:SLGN) last posted its earnings results on Wednesday, January 29th. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. Silgan had a return on equity of 18.76% and a net margin of 5.11%. As a group, sell-side analysts predict that Silgan will post 3.6 EPS for the current year.

Institutional Trading of Silgan

A number of hedge funds have recently made changes to their positions in the stock. Venturi Wealth Management LLC increased its position in Silgan by 220.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 963 shares during the last quarter. GAMMA Investing LLC increased its holdings in Silgan by 51.8% in the third quarter. GAMMA Investing LLC now owns 1,777 shares of the industrial products company’s stock worth $93,000 after buying an additional 606 shares during the last quarter. KBC Group NV raised its position in Silgan by 27.7% during the third quarter. KBC Group NV now owns 2,277 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 494 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Silgan in the third quarter valued at approximately $154,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Silgan by 13,482.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,124 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 3,101 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

About Silgan

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.