A share price of Silgan Holdings Inc. [SLGN] is currently trading at $42.83, down -1.56%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SLGN shares have lost -3.19% over the last week, with a monthly amount drifted -8.15%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Silgan Holdings Inc. [NYSE: SLGN] stock has seen the most recent analyst activity on January 03, 2024, when Citigroup downgraded its rating to a Neutral and also boosted its price target to $47 from $44. On July 27, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $53 on the stock. Citigroup upgraded its rating to a Buy but stick to its price target of $56 on April 27, 2023. Truist upgraded its rating to a Buy but $64 remained the price target by the analyst firm on January 05, 2023. Raymond James started tracking with a Outperform rating for this stock on November 24, 2021, and assigned it a price target of $47. In a note dated October 06, 2021, Loop Capital initiated an Buy rating and provided a target price of $62 on this stock.
Silgan Holdings Inc. experienced fluctuations in its stock price throughout the past year between $38.11 and $49.72. Currently, Wall Street analysts expect the stock to reach $49.67 within the next 12 months. Silgan Holdings Inc. [NYSE: SLGN] shares were valued at $42.83 at the most recent close of the market. An investor can expect a potential return of 15.97% based on the average SLGN price forecast.
Analyzing the SLGN fundamentals
Trailing Twelve Months sales for Silgan Holdings Inc. [NYSE:SLGN] were 5.89B which represents -7.14% decline. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.17 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 42.39 points at the first support level, and at 41.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.32, and for the 2nd resistance point, it is at 43.82.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Silgan Holdings Inc. [NYSE:SLGN] is 1.04. Further, the Quick Ratio stands at 0.62, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 0.78, the price to book ratio is 2.41 and price to earnings (TTM) ratio is 15.03.
Transactions by insiders
Recent insider trading involved MARTIN JAY A, Senior Vice President, that happened on May 15 ’24 when 36177.0 shares were sold. Sr. V.P. – Corp. Dev., Prinzen B Frederik completed a deal on May 13 ’24 to sell 4093.0 shares. Meanwhile, EVP, Corp. Dev. & Admin. LEWIS ROBERT B sold 30000.0 shares on May 10 ’24.
