Silgan (NYSE:SLGN) Stock Rating Upgraded by BMO Capital Markets

Silgan (NYSE:SLGN) was upgraded by investment analysts at BMO Capital Markets to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $51.00 price objective (up from $49.00) on shares of Silgan in a research report on Thursday, July 9th. JPMorgan Chase & Co. cut their target price on Silgan from $53.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Weiss Ratings upgraded Silgan from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Silgan in a research report on Wednesday, April 1st. They set a “buy” rating and a $52.00 price target on the stock. Finally, Citigroup decreased their target price on shares of Silgan from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Silgan Price Performance

Silgan stock opened at $47.22 on Thursday. The company has a fifty day simple moving average of $41.27 and a 200-day simple moving average of $42.25. The company has a quick ratio of 0.78, a current ratio of 1.26 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 2.60 and a beta of 0.66. Silgan has a 52-week low of $35.68 and a 52-week high of $56.85.

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

Institutional Investors Weigh In On Silgan

Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its stake in Silgan by 1.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,441 shares of the industrial products company’s stock valued at $704,000 after acquiring an additional 221 shares during the last quarter. Inspire Advisors LLC grew its stake in shares of Silgan by 4.5% in the 4th quarter. Inspire Advisors LLC now owns 5,123 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 221 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Silgan by 2.5% in the fourth quarter. Verdence Capital Advisors LLC now owns 11,285 shares of the industrial products company’s stock valued at $456,000 after purchasing an additional 278 shares during the period. 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. Finally, NewEdge Advisors LLC raised its stake in shares of Silgan by 4.8% during the second quarter. NewEdge Advisors LLC now owns 6,767 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 308 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.