JPMorgan Chase & Co. Lowers Silgan (NYSE:SLGN) Price Target to $47.00

Silgan (NYSE:SLGN) had its price objective lowered by analysts at JPMorgan Chase & Co. from $53.00 to $47.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 18.20% from the company’s previous close.

SLGN has been the topic of a number of other research reports. Wells Fargo & Company restated an “overweight” rating and set a $56.00 price objective (up from $55.00) on shares of Silgan in a research report on Thursday. Truist Financial dropped their target price on shares of Silgan from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday. Raymond James Financial reiterated a “market perform” rating on shares of Silgan in a research note on Thursday, January 15th. Citigroup reduced their price target on shares of Silgan from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Silgan in a research note on Wednesday, April 1st. They issued a “buy” rating and a $52.00 price objective for the company. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.78.

Silgan Trading Down 1.9%

NYSE:SLGN opened at $39.76 on Thursday. Silgan has a 1 year low of $36.15 and a 1 year high of $57.04. The stock has a market cap of $4.20 billion, a P/E ratio of 14.95, a P/E/G ratio of 2.42 and a beta of 0.74. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.78 and a current ratio of 0.49. The stock has a 50-day simple moving average of $41.86 and a 200-day simple moving average of $41.88.

Silgan (NYSE:SLGN) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.51 billion. Silgan had a return on equity of 17.22% and a net margin of 4.31%.The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $0.69 EPS. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. As a group, analysts anticipate that Silgan will post 3.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Silgan

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised its stake in Silgan by 2,525.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 707 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Silgan in the 3rd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC grew its stake in shares of Silgan by 627.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 577 shares during the last quarter. Danske Bank A S increased its holdings in shares of Silgan by 233.3% in the fourth quarter. Danske Bank A S now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 700 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of Silgan by 37.4% during the fourth quarter. Fifth Third Bancorp now owns 1,084 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

About Silgan

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.