Truist Financial Lowers Silgan (NYSE:SLGN) Price Target to $53.00

Silgan (NYSE:SLGN) had its target price dropped by Truist Financial from $62.00 to $53.00 in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price objective would suggest a potential upside of 37.25% from the company’s current price.

Several other research firms also recently weighed in on SLGN. Wells Fargo & Company set a $55.00 price target on Silgan and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Raymond James Financial set a $53.00 price objective on Silgan and gave the company an “outperform” rating in a report on Friday, October 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Silgan in a report on Wednesday, October 8th. Royal Bank Of Canada decreased their price objective on Silgan from $64.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Finally, Bank of America raised Silgan from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $53.00 to $57.00 in a report on Thursday, August 28th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $57.22.

Silgan Stock Up 0.9%

Silgan stock opened at $38.62 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.56 and a current ratio of 0.50. The business’s 50-day simple moving average is $43.58 and its two-hundred day simple moving average is $49.53. The company has a market cap of $4.13 billion, a PE ratio of 13.14, a PEG ratio of 1.27 and a beta of 0.69. Silgan has a fifty-two week low of $36.15 and a fifty-two week high of $58.14.

Silgan (NYSE:SLGN) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.01. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.94 billion. Silgan had a return on equity of 19.47% and a net margin of 4.91%.The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.21 EPS. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS. FY 2025 guidance at 3.660-3.76 EPS. Equities analysts anticipate that Silgan will post 4.11 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Robert B. Lewis sold 11,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $46.70, for a total value of $513,700.00. Following the completion of the transaction, the executive vice president owned 142,378 shares of the company’s stock, valued at approximately $6,649,052.60. This represents a 7.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.13% of the company’s stock.

Hedge Funds Weigh In On Silgan

A number of large investors have recently bought and sold shares of SLGN. Vaughan Nelson Investment Management L.P. acquired a new position in Silgan in the 2nd quarter worth about $61,303,000. Norges Bank acquired a new position in shares of Silgan during the second quarter valued at approximately $48,626,000. William Blair Investment Management LLC acquired a new position in shares of Silgan during the second quarter valued at approximately $29,053,000. Wellington Management Group LLP raised its holdings in shares of Silgan by 18.5% during the first quarter. Wellington Management Group LLP now owns 2,868,870 shares of the industrial products company’s stock valued at $146,657,000 after acquiring an additional 448,828 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Silgan during the first quarter valued at approximately $15,638,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Silgan Company Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.