Another Recommendation On Wall Street for Silgan Holdings (NASDAQ:SLGN). This time with a $33 Share Target Price

May 18, 2018 - By Joseph Arnett

Silgan Holdings Inc. (NASDAQ:SLGN) Logo

Investors sentiment decreased to 1.25 in Q4 2017. Its down 0.07, from 1.32 in 2017Q3. It dived, as 27 investors sold Silgan Holdings Inc. shares while 52 reduced holdings. 29 funds opened positions while 70 raised stakes. 71.50 million shares or 1.08% more from 70.73 million shares in 2017Q3 were reported.

Cornerstone Management Llc stated it has 36,966 shares. Guggenheim Capital Lc stated it has 59,640 shares or 0% of all its holdings. Ameriprise has 310,740 shares for 0% of their portfolio. Bancshares Of America De owns 293,873 shares. Moreover, Bnp Paribas Arbitrage has 0% invested in Silgan Holdings Inc. (NASDAQ:SLGN) for 17,278 shares. Us Bank & Trust De invested 0% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN). Moreover, Envestnet Asset has 0% invested in Silgan Holdings Inc. (NASDAQ:SLGN). Vanguard Gp holds 0.01% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN) for 7.71 million shares. Amalgamated State Bank has invested 0.01% in Silgan Holdings Inc. (NASDAQ:SLGN). Walthausen And Ltd Liability Corporation invested 0.18% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN). Alliancebernstein L P reported 0% in Silgan Holdings Inc. (NASDAQ:SLGN). Ubs Asset Americas has 160,093 shares. Deutsche Bancorp Ag holds 482,452 shares. National Bank & Trust Of New York Mellon has 1.04M shares. Proshare Advsrs Ltd stated it has 6,991 shares or 0% of all its holdings.

Since February 12, 2018, it had 0 insider buys, and 4 sales for $14.53 million activity. Shares for $435,134 were sold by LEWIS ROBERT B on Monday, February 26.

Why Has Jefferies Given Silgan Holdings (NASDAQ:SLGN) a $33 Price Target

Jefferies analyst started coverage on Silgan Holdings (NASDAQ:SLGN) with a $33 target and “Buy” rating. The target would indicate a potential upside of 20.83 % from firm’s last price.

Silgan Holdings Inc. (NASDAQ:SLGN) Ratings Coverage

Among 8 analysts covering Silgan Holdings (NASDAQ:SLGN), 2 have Buy rating, 3 Sell and 3 Hold. Therefore 25% are positive. Silgan Holdings has $34.0 highest and $2500 lowest target. $30.71’s average target is 12.45% above currents $27.31 stock price. Silgan Holdings had 13 analyst reports since November 19, 2017 according to SRatingsIntel. As per Wednesday, January 17, the company rating was downgraded by J.P. Morgan. The firm has “Neutral” rating by Citigroup given on Thursday, April 5. JP Morgan downgraded the shares of SLGN in report on Wednesday, January 17 to “Underweight” rating. The rating was maintained by KeyBanc Capital Markets on Thursday, February 1 with “Sell”. The stock has “Overweight” rating by Barclays Capital on Monday, February 12. BMO Capital Markets maintained the shares of SLGN in report on Sunday, November 19 with “Buy” rating. The firm earned “Underweight” rating on Friday, December 8 by KeyBanc Capital Markets. As per Sunday, February 4, the company rating was maintained by RBC Capital Markets. Bank of America downgraded the stock to “Underperform” rating in Tuesday, January 2 report. The rating was maintained by Bank of America on Thursday, February 1 with “Underperform”.

The stock increased 0.04% or $0.01 during the last trading session, reaching $27.31. About 156,747 shares traded. Silgan Holdings Inc. (NASDAQ:SLGN) has declined 7.70% since May 18, 2017 and is downtrending. It has underperformed by 19.25% the S&P500.

Analysts await Silgan Holdings Inc. (NASDAQ:SLGN) to report earnings on July, 25. They expect $0.52 EPS, up 48.57 % or $0.17 from last year’s $0.35 per share. SLGN’s profit will be $57.50 million for 13.13 P/E if the $0.52 EPS becomes a reality. After $0.42 actual EPS reported by Silgan Holdings Inc. for the previous quarter, Wall Street now forecasts 23.81 % EPS growth.

Silgan Holdings Inc., together with its subsidiaries, makes and sells rigid packaging for shelf-stable food and other consumer goods products worldwide. The company has market cap of $3.02 billion. It operates through three divisions: Metal Containers, Closures, and Plastic Containers. It has a 11.29 P/E ratio. The Metal Containers segment makes and sells steel and aluminum containers for food products, such as soups, vegetables, fruits, meat, tomato based products, seafood, coffee, adult nutritional drinks, pet food, and other miscellaneous food products, as well as general line metal containers primarily for chemicals.

More notable recent Silgan Holdings Inc. (NASDAQ:SLGN) news were published by: which released: “Silgan Holdings (SLGN) Tops Q1 EPS by 7c; Beats on Revenues; FY18 EPS Guidance In-Line” on April 25, 2018, also with their article: “Mid-Day Market Update: Travelzoo Rises Following Q1 Results; HFF Shares Tumble” published on April 25, 2018, published: “Silgan Holdings beat estimates” on April 25, 2018. More interesting news about Silgan Holdings Inc. (NASDAQ:SLGN) were released by: and their article: “Report: Developing Opportunities within Natus Medical, Aptevo Therapeutics, Revlon, Silgan, Resources Connection …” published on April 30, 2018 as well as‘s news article titled: “KeyBanc Upgrades Silgan Holdings (SLGN) to Sector Weight” with publication date: May 07, 2018.

Silgan Holdings Inc. (NASDAQ:SLGN) Institutional Positions Chart

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