Silgan Holdings Inc [SLGN] stock prices are up 0.49% to $57.45 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SLGN shares have gain 4.89% over the last week, with a monthly amount glided 13.11%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Silgan Holdings Inc [NYSE: SLGN] stock has seen the most recent analyst activity on August 01, 2024, when JP Morgan upgraded its rating to a Neutral and also boosted its price target to $53 from $46. Previously, Citigroup upgraded its rating to Buy on July 08, 2024, and kept the price target unchanged to $50. On January 03, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $47 on the stock. Robert W. Baird upgraded its rating to a Outperform but $53 remained the price target by the analyst firm on July 27, 2023. Citigroup upgraded its rating to Buy for this stock on April 27, 2023, but kept the price target unchanged to $56. In a note dated January 05, 2023, Truist upgraded an Buy rating on this stock but restated the target price of $64.
The stock price of Silgan Holdings Inc [SLGN] has been fluctuating between $40.88 and $57.61 over the past year. Currently, Wall Street analysts expect the stock to reach $53.4 within the next 12 months. Silgan Holdings Inc [NYSE: SLGN] shares were valued at $57.45 at the most recent close of the market. An investor can expect a potential drop of -7.05% based on the average SLGN price forecast.
Analyzing the SLGN fundamentals
The Silgan Holdings Inc [NYSE:SLGN] reported sales of 5.78B for trailing twelve months, representing a drop of -3.22%. 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 0.15 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 1.85.
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 57.10 points at the first support level, and at 56.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.97, and for the 2nd resistance point, it is at 58.49.
Ratios To Look Out For
It’s worth pointing out that Silgan Holdings Inc [NYSE:SLGN]’s Current Ratio is 1.09. Also, the Quick Ratio is 0.75, while the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 1.07, the price to book ratio is 2.99 and price to earnings (TTM) ratio is 20.79.
Transactions by insiders
Recent insider trading involved ALLOTT ANTHONY J, Director, that happened on Nov 18 ’24 when 98394.0 shares were sold. Director, ALLOTT ANTHONY J completed a deal on Nov 15 ’24 to buy 98394.0 shares. Meanwhile, Vice President, Tax McGrath Stacey J. sold 1600.0 shares on Aug 05 ’24.
