BMO Capital Markets reiterated their buy rating on shares of Silgan Holdings Inc. (NASDAQ:SLGN) in a report published on Sunday, July 9th. They currently have a $34.00 target price on the industrial products company’s stock.

A number of other analysts also recently issued reports on SLGN. KeyCorp reaffirmed a hold rating on shares of Silgan Holdings in a report on Wednesday, April 26th. Barclays PLC raised their price target on shares of Silgan Holdings from $27.50 to $30.00 and gave the company an equal weight rating in a report on Monday, May 1st. ValuEngine raised shares of Silgan Holdings from a buy rating to a strong-buy rating in a report on Wednesday, May 31st. BidaskClub downgraded shares of Silgan Holdings from a buy rating to a hold rating in a report on Tuesday, June 13th. Finally, Zacks Investment Research downgraded shares of Silgan Holdings from a hold rating to a sell rating in a report on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $31.36.

Silgan Holdings (NASDAQ SLGN) traded down 0.43% during mid-day trading on Friday, reaching $30.40. The company’s stock had a trading volume of 494,888 shares. The firm has a market capitalization of $3.35 billion, a P/E ratio of 23.94 and a beta of 0.54. The firm’s 50 day moving average price is $31.63 and its 200 day moving average price is $50.69. Silgan Holdings has a 52 week low of $23.58 and a 52 week high of $32.50.

Silgan Holdings (NASDAQ:SLGN) last announced its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.35 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. Silgan Holdings had a net margin of 3.83% and a return on equity of 31.19%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm posted $0.60 EPS. Silgan Holdings’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, analysts anticipate that Silgan Holdings will post $1.66 EPS for the current fiscal year.

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In other news, VP B Frederik Prinzen sold 3,204 shares of Silgan Holdings stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $62.28, for a total transaction of $199,545.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Adam J. Greenlee sold 5,643 shares of Silgan Holdings stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $61.56, for a total transaction of $347,383.08. The disclosure for this sale can be found here. 33.10% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in SLGN. Comerica Bank boosted its stake in Silgan Holdings by 85.9% in the second quarter. Comerica Bank now owns 144,705 shares of the industrial products company’s stock valued at $4,596,000 after buying an additional 66,873 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Silgan Holdings by 131.1% in the second quarter. Legal & General Group Plc now owns 89,258 shares of the industrial products company’s stock valued at $2,837,000 after buying an additional 50,627 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Silgan Holdings by 102.2% in the second quarter. Bank of New York Mellon Corp now owns 1,107,558 shares of the industrial products company’s stock valued at $35,197,000 after buying an additional 559,848 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in shares of Silgan Holdings by 100.0% in the second quarter. State of Wisconsin Investment Board now owns 14,780 shares of the industrial products company’s stock valued at $470,000 after buying an additional 7,390 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Silgan Holdings by 97.6% in the second quarter. Rhumbline Advisers now owns 152,037 shares of the industrial products company’s stock valued at $4,832,000 after buying an additional 75,079 shares in the last quarter. Hedge funds and other institutional investors own 35.11% of the company’s stock.

About Silgan Holdings

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.

Analyst Recommendations for Silgan Holdings (NASDAQ:SLGN)

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