Citigroup Cuts Silgan (NYSE:SLGN) Price Target to $49.00

by · The Markets Daily

Silgan (NYSE:SLGN – Free Report) had its price target reduced by Citigroup from $54.00 to $49.00 in a research note released on Friday,Benzinga reports. Citigroup currently has a buy rating on the industrial products company’s stock.

Several other equities analysts have also recently issued reports on the stock. Bank of America lifted their price objective on shares of Silgan from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. UBS Group set a $47.00 target price on shares of Silgan and gave the company a “neutral” rating in a research note on Thursday, July 30th. Raymond James Financial restated an “outperform” rating and set a $59.00 target price on shares of Silgan in a report on Wednesday, July 15th. Royal Bank Of Canada upgraded shares of Silgan from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $51.00 to $58.00 in a research report on Thursday, August 13th. Finally, Weiss Ratings raised Silgan from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Silgan presently has a consensus rating of “Moderate Buy” and an average target price of $53.50.

View Our Latest Analysis on SLGN

Silgan Trading Down 0.0%

Shares of Silgan stock opened at $34.86 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.27 and a debt-to-equity ratio of 1.54. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 2.03 and a beta of 0.67. The business has a fifty day simple moving average of $40.15 and a 200-day simple moving average of $40.69. Silgan has a fifty-two week low of $33.92 and a fifty-two week high of $49.55.

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

Silgan Announces Dividend

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

Institutional Trading of Silgan

Large investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its position in Silgan by 105.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 627 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 322 shares during the period. Skylands Capital LLC increased its holdings in shares of Silgan by 0.9% in the 1st quarter. Skylands Capital LLC now owns 43,300 shares of the industrial products company’s stock valued at $1,680,000 after purchasing an additional 400 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Silgan by 2.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 17,953 shares of the industrial products company’s stock valued at $697,000 after purchasing an additional 400 shares during the period. State of Michigan Retirement System lifted its position in shares of Silgan by 1.9% in the first quarter. State of Michigan Retirement System now owns 21,100 shares of the industrial products company’s stock worth $819,000 after purchasing an additional 400 shares in the last quarter. Finally, Allworth Financial LP purchased a new stake in shares of Silgan in the second quarter worth approximately $28,000. 70.25% of the stock is owned by institutional investors and hedge funds.

About Silgan

(Get Free Report)

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.

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