Press coverage about Silgan (NASDAQ:SLGN) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Silgan earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.0878534589471 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Insider Selling: Silgan Holdings Inc. (SLGN) Director Sells 69,121 Shares of Stock (americanbankingnews.com)
- Silgan Holdings Inc. (SLGN) Director Sells $9,969,711.34 in Stock (americanbankingnews.com)
- Silgan Holdings Inc. (SLGN) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Top Ranked Growth Stocks to Buy for February 13th (zacks.com)
- Silgan (SLGN) Upgraded at Barclays (americanbankingnews.com)
Shares of Silgan (SLGN) opened at $28.86 on Monday. The company has a debt-to-equity ratio of 3.96, a quick ratio of 0.17 and a current ratio of 0.38. Silgan has a 1 year low of $27.21 and a 1 year high of $32.50. The firm has a market cap of $3,185.36, a PE ratio of 11.93, a P/E/G ratio of 1.38 and a beta of 0.49.
Silgan (NASDAQ:SLGN) last posted its earnings results on Tuesday, January 30th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $995.70 million during the quarter, compared to analyst estimates of $970.24 million. Silgan had a net margin of 6.59% and a return on equity of 30.15%. Silgan’s revenue was up 23.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 EPS. research analysts expect that Silgan will post 2.09 earnings per share for the current year.
A number of brokerages recently weighed in on SLGN. Bank of America boosted their price objective on shares of Silgan from $32.00 to $33.00 and gave the company an “underperform” rating in a research report on Thursday, February 1st. KeyCorp reaffirmed a “sell” rating and set a $25.00 price objective on shares of Silgan in a research report on Thursday, February 1st. Robert W. Baird reaffirmed a “hold” rating and set a $32.00 price objective on shares of Silgan in a research report on Friday, October 27th. Zacks Investment Research raised shares of Silgan from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Monday, February 5th. Finally, JPMorgan Chase & Co. downgraded shares of Silgan from a “neutral” rating to an “underweight” rating and set a $30.00 price objective for the company. in a research report on Wednesday, January 17th. Five research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Silgan currently has an average rating of “Hold” and an average price target of $31.20.
In other Silgan news, Director William C. Jennings sold 25,642 shares of the business’s 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director D Greg Horrigan sold 69,121 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $28.69, for a total transaction of $1,983,081.49. The disclosure for this sale can be found here. Insiders have sold a total of 450,697 shares of company stock valued at $12,680,513 over the last three months. 33.10% of the stock is currently owned by company insiders.
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Silgan Company Profile
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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