Silgan Holdings Inc. (NYSE:SLGN) Stock Has Consensus Target Price of $52.60 According to Brokerages

Shares of Silgan Holdings Inc. (NYSE:SLGN) have been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $50.80.

A number of brokerages have recently issued reports on SLGN. Raymond James Financial reaffirmed an “outperform” rating and set a $59.00 target price on shares of Silgan in a research report on Wednesday, July 15th. Bank of America increased their price target on Silgan from $53.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. BMO Capital Markets started coverage on Silgan in a research note on Thursday, July 16th. They issued an “outperform” rating and a $57.00 price target on the stock. Royal Bank Of Canada set a $47.00 price objective on Silgan and gave the stock an “outperform” rating in a report on Tuesday. Finally, Truist Financial set a $45.00 price objective on shares of Silgan and gave the company a “buy” rating in a research note on Monday.

Silgan Stock Up 1.0%

SLGN stock opened at $35.58 on Wednesday. Silgan has a 12 month low of $33.70 and a 12 month high of $49.55. The firm has a market cap of $3.76 billion, a PE ratio of 13.95, a P/E/G ratio of 2.05 and a beta of 0.67. The firm has a 50 day simple moving average of $39.06 and a 200 day simple moving average of $40.48. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.27 and a quick ratio of 0.80.

Silgan (NYSE:SLGN) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Silgan had a net margin of 4.05% and a return on equity of 16.74%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. Equities research analysts forecast that Silgan will post 3.82 earnings per share for the current fiscal year.

Silgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 1st. Silgan’s dividend payout ratio (DPR) is 32.94%.

Institutional Investors Weigh In On Silgan

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Silgan during the 2nd quarter worth approximately $369,406,000. Dimensional Fund Advisors LP boosted its position in shares of Silgan by 11.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,893,768 shares of the industrial products company’s stock worth $189,871,000 after buying an additional 505,813 shares during the period. Bank of America Corp DE acquired a new stake in shares of Silgan in the second quarter worth $101,368,000. Geode Capital Management LLC boosted its position in shares of Silgan by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,744,745 shares of the industrial products company’s stock worth $70,449,000 after buying an additional 31,405 shares during the period. Finally, Jupiter Topco LLC purchased a new position in shares of Silgan during the second quarter valued at $62,526,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Silgan Company Profile

Silgan Holdings Inc (NYSE: SLGN) is a manufacturer of rigid packaging for consumer goods. The company produces metal containers, plastic containers, closures and dispensing systems used to package food, pet food, beverages, household products, personal-care items, chemicals, paints and other products.

Silgan’s business is organized around metal containers, closures and dispensing systems. Its products include steel cans, plastic containers, caps, lids, pumps, sprayers and other dispensing components.