Silgan (NYSE:SLGN) Price Target Raised to $55.00

Silgan (NYSE:SLGN) had its target price hoisted by research analysts at Wells Fargo & Company from $52.00 to $55.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 11.97% from the stock’s current price.

Several other brokerages have also commented on SLGN. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $49.00 price objective (up previously from $43.00) on shares of Silgan in a research report on Thursday. Truist Financial set a $50.00 price objective on Silgan and gave the company a “buy” rating in a research note on Tuesday, January 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Silgan in a research note on Monday, December 29th. Raymond James Financial reaffirmed a “market perform” rating on shares of Silgan in a research report on Thursday, January 15th. Finally, UBS Group restated a “neutral” rating and issued a $50.00 price objective (up from $44.00) on shares of Silgan in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.25.

Silgan Stock Up 0.5%

Silgan stock traded up $0.25 during trading on Friday, hitting $49.12. 396,807 shares of the company were exchanged, compared to its average volume of 945,448. Silgan has a 52 week low of $36.15 and a 52 week 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 company has a market capitalization of $5.19 billion, a P/E ratio of 18.25, a PEG ratio of 2.14 and a beta of 0.72. The business’s 50 day moving average is $41.54 and its 200 day moving average is $43.16.

Silgan (NYSE:SLGN) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.67 earnings per share 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 analysts’ expectations of $1.46 billion. Silgan had a net margin of 4.45% and a return on equity of 17.94%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. Silgan has set its FY 2026 guidance at 3.700-3.900 EPS and its Q1 2026 guidance at 0.700-0.800 EPS. Analysts predict that Silgan will post 4.11 earnings per share for the current year.

Hedge Funds Weigh In On Silgan

A number of institutional investors have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Silgan by 1.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,441 shares of the industrial products company’s stock valued at $704,000 after purchasing an additional 221 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Silgan by 0.4% in the second quarter. Janney Montgomery Scott LLC now owns 50,156 shares of the industrial products company’s stock worth $2,717,000 after purchasing an additional 223 shares during the last quarter. Atria Investments Inc grew its holdings in shares of Silgan by 3.9% in the second quarter. Atria Investments Inc now owns 6,241 shares of the industrial products company’s stock worth $338,000 after acquiring an additional 232 shares during the period. Yousif Capital Management LLC increased its holdings in Silgan by 1.0% during the third quarter. Yousif Capital Management LLC now owns 27,578 shares of the industrial products company’s stock valued at $1,186,000 after buying an additional 262 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings in Silgan by 2.5% in the 4th quarter. Verdence Capital Advisors LLC now owns 11,285 shares of the industrial products company’s stock worth $456,000 after purchasing an additional 278 shares during the period. 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.