Silgan Holdings (NASDAQ:SLGN) had its target price trimmed by Goldman Sachs Group Inc. from $48.00 to $46.00 in a report issued on Thursday, AR Network reports. They currently have a sell rating on the stock.
A number of other analysts have also recently weighed in on SLGN. Analysts at Barclays cut their price target on shares of Silgan Holdings from $48.00 to $46.00 in a research note to investors on Thursday. They now have an equal weight rating on the stock. Separately, analysts at Zacks reiterated a neutral rating on shares of Silgan Holdings in a research note to investors on Friday, October 18th. They now have a $51.00 price target on the stock. Finally, analysts at Northcoast Research initiated coverage on shares of Silgan Holdings in a research note to investors on Friday, August 23rd. They set a neutral rating on the stock. One research analyst has rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $48.43.
Shares of Silgan Holdings (NASDAQ:SLGN) traded up 1.88% during mid-day trading on Thursday, hitting $45.45. 473,934 shares of the company’s stock traded hands. Silgan Holdings has a 52-week low of $40.72 and a 52-week high of $50.51. The stock has a 50-day moving average of $48.12 and a 200-day moving average of $47.62. The company has a market cap of $2.884 billion and a P/E ratio of 15.34.
Silgan Holdings (NASDAQ:SLGN) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.32 by $0.11. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company posted $1.17 earnings per share. Silgan Holdings’s revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that Silgan Holdings will post $2.84 earnings per share for the current fiscal year.
Silgan Holdings Inc is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products.
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