Goldman Sachs Group, Inc. (The) cut shares of Silgan Holdings Inc. (NASDAQ:SLGN) from a neutral rating to a sell rating in a research note published on Thursday, July 13th, MarketBeat reports. The firm currently has $30.00 price target on the industrial products company’s stock.

A number of other equities research analysts have also issued reports on the company. Zacks Investment Research lowered Silgan Holdings from a hold rating to a sell rating in a research report on Thursday, April 6th. BMO Capital Markets restated a buy rating and issued a $32.50 price target on shares of Silgan Holdings in a research note on Monday, March 27th. Deutsche Bank AG restated a hold rating and issued a $30.00 price target (down from $60.00) on shares of Silgan Holdings in a research note on Monday, June 5th. BidaskClub downgraded Silgan Holdings from a buy rating to a hold rating in a research note on Tuesday, June 13th. Finally, ValuEngine upgraded Silgan Holdings from a buy rating to a strong-buy rating in a research note on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Silgan Holdings presently has a consensus rating of Hold and a consensus price target of $31.36.

Silgan Holdings (NASDAQ:SLGN) opened at 30.80 on Thursday. The stock has a market cap of $3.40 billion, a P/E ratio of 24.46 and a beta of 0.54. Silgan Holdings has a one year low of $27.98 and a one year high of $64.98. The stock has a 50 day moving average of $31.53 and a 200-day moving average of $50.25.

Silgan Holdings (NASDAQ:SLGN) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. Silgan Holdings had a return on equity of 31.19% and a net margin of 3.83%. Silgan Holdings’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. Analysts anticipate that Silgan Holdings will post $1.66 EPS for the current year.

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

Several institutional investors have recently bought and sold shares of SLGN. BlackRock Inc. raised its stake in shares of Silgan Holdings by 12,224.8% in the first quarter. BlackRock Inc. now owns 3,200,257 shares of the industrial products company’s stock worth $189,966,000 after buying an additional 3,174,291 shares in the last quarter. Norges Bank purchased a new stake in shares of Silgan Holdings during the fourth quarter worth $36,931,000. American Century Companies Inc. raised its stake in shares of Silgan Holdings by 110.6% in the second quarter. American Century Companies Inc. now owns 1,182,606 shares of the industrial products company’s stock worth $37,583,000 after buying an additional 621,131 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Silgan Holdings by 96.5% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,164,656 shares of the industrial products company’s stock worth $37,013,000 after buying an additional 571,928 shares in the last quarter. Finally, Bank of New York Mellon Corp raised 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 worth $35,197,000 after buying an additional 559,848 shares in the last quarter. 36.00% of the stock is owned by institutional investors.

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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