Silgan (NASDAQ:SLGN) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday, The Fly reports.

A number of other equities analysts have also recently commented on SLGN. Zacks Investment Research cut shares of Silgan from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Robert W. Baird reissued a “hold” rating and issued a $32.00 price objective on shares of Silgan in a research note on Friday, October 27th. KeyCorp reaffirmed a “hold” rating on shares of Silgan in a research note on Sunday, October 29th. BMO Capital Markets reaffirmed a “buy” rating and set a $34.00 price target on shares of Silgan in a research note on Monday, November 20th. Finally, Bank of America cut shares of Silgan from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 2nd. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Silgan presently has a consensus rating of “Hold” and a consensus target price of $30.70.

Silgan (SLGN) opened at $27.79 on Monday. Silgan has a 52 week low of $27.21 and a 52 week high of $32.50. The company has a market cap of $3,067.26, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 1.33 and a beta of 0.49. The company has a quick ratio of 0.17, a current ratio of 0.38 and a debt-to-equity ratio of 3.96.

Silgan (NASDAQ:SLGN) last issued its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. Silgan had a net margin of 6.59% and a return on equity of 30.15%. The business had revenue of $995.70 million during the quarter, compared to analysts’ expectations of $970.24 million. During the same period last year, the company posted $0.48 EPS. The business’s revenue was up 23.6% on a year-over-year basis. sell-side analysts anticipate that Silgan will post 2.09 earnings per share for the current fiscal year.

In related 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 transaction of $727,719.96. Following the completion of the transaction, the director now directly owns 42,180 shares of the company’s stock, valued at approximately $1,197,068.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 33.10% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in Silgan during the 4th quarter valued at about $158,000. Cubist Systematic Strategies LLC bought a new stake in Silgan during the 3rd quarter valued at about $167,000. Breton Hill Capital Ltd. bought a new stake in Silgan during the 3rd quarter valued at about $218,000. Victory Capital Management Inc. lifted its holdings in Silgan by 73.2% during the 3rd quarter. Victory Capital Management Inc. now owns 7,638 shares of the industrial products company’s stock valued at $225,000 after buying an additional 3,228 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in Silgan during the 3rd quarter valued at about $264,000. Institutional investors own 66.83% of the company’s stock.

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About Silgan

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.

The Fly

Analyst Recommendations for Silgan (NASDAQ:SLGN)

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