Silgan (NYSE:SLGN) Price Target Raised to $55.00 at Wells Fargo & Company

Silgan (NYSE:SLGN) had its price objective raised by Wells Fargo & Company from $52.00 to $55.00 in a report issued on Friday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the industrial products company’s stock.

A number of other research analysts have also recently weighed in on SLGN. Zacks Research upgraded Silgan from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. UBS Group restated a “neutral” rating and set a $50.00 target price (up from $44.00) on shares of Silgan in a report on Thursday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $49.00 price target (up previously from $43.00) on shares of Silgan in a report on Thursday. Citigroup reiterated a “buy” rating and issued a $56.00 price target (up from $47.00) on shares of Silgan in a research report on Friday. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Silgan in a research note on Thursday, January 15th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $53.38.

Silgan Trading Up 0.1%

Shares of SLGN opened at $48.92 on Friday. The firm’s 50-day moving average is $41.72 and its two-hundred day moving average is $43.12. Silgan has a twelve month low of $36.15 and a twelve month high of $57.04. The company has a current ratio of 0.49, a quick ratio of 0.85 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $5.17 billion, a P/E ratio of 18.19, a PEG ratio of 2.21 and a beta of 0.72.

Silgan (NYSE:SLGN) last announced its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. Silgan had a return on equity of 17.94% and a net margin of 4.45%.The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 EPS. Silgan has set its FY 2026 guidance at 3.700-3.900 EPS and its Q1 2026 guidance at 0.700-0.800 EPS. On average, research analysts predict that Silgan will post 4.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SLGN. Envestnet Portfolio Solutions Inc. increased its position in shares of Silgan by 1.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 17,441 shares of the industrial products company’s stock worth $704,000 after acquiring an additional 221 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Silgan by 0.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 50,156 shares of the industrial products company’s stock valued at $2,717,000 after purchasing an additional 223 shares in the last quarter. Atria Investments Inc raised its position in Silgan by 3.9% in the second quarter. Atria Investments Inc now owns 6,241 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 232 shares during the period. Yousif Capital Management LLC lifted its stake in shares of Silgan by 1.0% during the third quarter. Yousif Capital Management LLC now owns 27,578 shares of the industrial products company’s stock worth $1,186,000 after purchasing an additional 262 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in shares of Silgan by 2.5% in the fourth quarter. Verdence Capital Advisors LLC now owns 11,285 shares of the industrial products company’s stock worth $456,000 after buying an additional 278 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.