Somewhat Favorable News Coverage Somewhat Unlikely to Impact Silgan (SLGN) Stock Price

News articles about Silgan (NASDAQ:SLGN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Silgan earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.0635315862799 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

A number of research firms have commented on SLGN. Zacks Investment Research cut Silgan from a “hold” rating to a “sell” rating in a research note on Thursday, January 18th. JPMorgan Chase & Co. cut Silgan from a “neutral” rating to an “underweight” rating and set a $30.00 price target on the stock. in a research note on Wednesday, January 17th. Bank of America cut Silgan from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 2nd. KeyCorp restated an “underweight” rating and set a $25.00 price target (down from $28.99) on shares of Silgan in a research note on Friday, December 8th. Finally, Robert W. Baird restated a “hold” rating and set a $32.00 price target on shares of Silgan in a research note on Friday, October 27th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Silgan presently has a consensus rating of “Hold” and a consensus price target of $30.90.

Silgan (NASDAQ:SLGN) traded down $0.52 during trading on Friday, hitting $29.50. The stock had a trading volume of 468,998 shares, compared to its average volume of 472,589. Silgan has a 1-year low of $27.21 and a 1-year high of $32.50. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 3.96. The stock has a market capitalization of $3,200.00, a price-to-earnings ratio of 22.52, a P/E/G ratio of 1.60 and a beta of 0.51.

In other news, Director William C. Jennings sold 25,642 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $28.38, for a total transaction of $727,719.96. Following the sale, the director now owns 42,180 shares of the company’s stock, valued at $1,197,068.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 33.10% of the stock is currently owned by corporate insiders.

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Silgan Company Profile

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.

Insider Buying and Selling by Quarter for Silgan (NASDAQ:SLGN)

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