Silgan (SLGN) Receiving Somewhat Positive Press Coverage, Study Finds
Media coverage about Silgan (NASDAQ:SLGN) has trended somewhat positive on Monday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Silgan earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.6373026683744 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of research firms have recently issued reports on SLGN. Zacks Investment Research cut shares of Silgan from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Bank of America cut shares of Silgan from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 2nd. KeyCorp reiterated an “underweight” rating and issued a $25.00 price objective (down previously from $28.99) on shares of Silgan in a research note on Friday, December 8th. BMO Capital Markets reiterated a “buy” rating and issued a $34.00 price objective on shares of Silgan in a research note on Monday, November 20th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $32.00 price objective on shares of Silgan in a research note on Friday, October 27th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $31.00.
Shares of Silgan (NASDAQ:SLGN) opened at $29.52 on Monday. Silgan has a 12 month low of $26.67 and a 12 month high of $32.50. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 3.96. The firm has a market cap of $3,258.21, a PE ratio of 22.45, a price-to-earnings-growth ratio of 1.57 and a beta of 0.51.
In other Silgan news, Director William C. Jennings sold 25,642 shares of Silgan stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $28.38, for a total value of $727,719.96. Following the completion of the sale, the director now owns 42,180 shares in the company, valued at approximately $1,197,068.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 33.10% of the stock is owned by insiders.
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Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.
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