Silgan Holdings Inc. [SLGN] 23.95% more this year. Is there still time to buy?


Silgan Holdings Inc. [NYSE: SLGN] The close jumped 0.81 points on Wednesday, as shares ended the session at $53.10, up 1.55%. The company reported on November 7, 2022 that Silgan announced participation in the Baird 2022 Global Industrial Conference.


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Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging for the world’s essential consumer goods products, announced that it will participate in the Baird 2022 Global Industrial Conference on November 9, 2022. Adam Greenlee, President and CEO, and Kimberly Ulmer, Senior Vice President, Finance and Treasurer, are scheduled to speak on the conference call beginning at 8:30 a.m. Central Time, which will be webcast live via audio. The webcast can be accessed live and for thirty days thereafter under the Events & Presentations portion of the Investor Information section of Silgan’s website at www.silganholdings.com.

Silgan is a leading supplier of sustainable rigid packaging solutions for consumer goods products with annual net sales of approximately $5.7 billion in 2021. Silgan operates 112 manufacturing facilities in North and South America, Europe and Asia. The company is a leading worldwide supplier of dispensing and specialty closures for food, beverage, healthcare, garden, home, personal care, fragrance and beauty products. The company is also a leading supplier of metal containers for food and general line products in North America and Europe. In addition, the company is a leading supplier of custom containers for shelf-stable food and personal care products in North America.

Silgan Holdings Inc. The stock is now up 23.95% from its year-to-date (YTD) trading price. SLGN stock saw an intraday high of $53.30 and a low of $52.03 per share. The company’s 52-week high price is 52.71, which means the current price is +37.60% higher than the high it touched on 11/23/22.

Compared to the average trading volume of 448.40K shares, SLGN reached a trading volume of 273600 shares in the most recent trading day, which is why market watchdogs consider the stock active.

What do top market gurus say about Silgan Holdings Inc.? [SLGN],

Based on careful and fact-backed analysis by Wall Street experts, the current consensus on the target price for SLGN shares is $51.85 per share. Target prices and analysis on the performance of stocks are usually carefully studied by market experts, and the current Wall Street consensus on SLGN stock is a recommendation at 2.40. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.

Raymond James has maintained his view on the stock as Outperform, keeping his view on the stock as Outperform, in line with his previous recommendation on Nov 24, 2021. The new Note on Price Target was issued on October 06, 2021, which Silgan Holdings Inc. Represents the official price target for the stock. Earlier, the target price was raised once again to $40, while analysts at JP Morgan maintained an underweight rating on SLGN stock.

Silgan Holdings Inc. The Average True Range (ATR) for SLGN is set at 1.18, with a price to sales ratio of 0.90 for SLGN stock over the trailing 12-month period. The Price to Book ratio for the previous quarter was 3.46, the Price to Cash per Share for the same quarter was set at 2.26. Free Cash Flow to SLGN trailing twelve months was 37.29, with a quick ratio of 0.90 for the last quarter.

How has SLGN stock performed recently?

Silgan Holdings Inc. [SLGN] Growth in the green zone at the end of last week, an increase in a positive trend and an increase of 6.41. With this latest performance, SLGN shares are up 18.16% over the past four-week period, as well as down 23.98% over the past 6 months — not to mention a 25.32% gain in the past year of trading.

Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SLGN stock for the past two-week period is set at 76.65, with the RSI last trading hit at 82.82, and the three-week RSI for Silgan Holdings Inc. is set at 71.77. [SLGN], The current moving average of the stock for last 50 days of trading is 45.89, while it was recorded at 51.54 for last one week and 44.37 for last 200 days.

Silgan Holdings Inc. [SLGN]: Deep Insight into the Fundamentals

Operating margin for any stock indicates how profitable an investment will be, and Silgan Holdings Inc. [SLGN] The shares currently have an Operating Margin of +9.61 and Gross Margin at +16.18. Silgan Holdings Inc. The net margin of currently stands at +6.33.

The Return on Equity for this stock is tilted at 25.51, with the Return on Assets sitting at 5.03.

Silgan Holdings Inc. Equally intriguing is its liquidity data, with a quick ratio of 0.90 and a current ratio set at 1.40.

Silgan Holdings Inc. income analysis for [SLGN]

The company’s progress can be viewed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting 5-year EPS growth rate for SLGN. When it comes to mentioned price, analysts are expecting 5 Year EPS growth rate of 5.72% for Silgan Holdings Inc.

Silgan Holdings Inc. Insider trading status for. [SLGN]

Institutional investors currently hold approximately $4,082 million, or 71.20% of SLGN stock, in their hands. The top three institutional holders of SLGN stock are: Vanguard Group Inc. with ownership of 8,841,368, which accounts for approximately 0.926% of the company’s market cap and approximately 9.00% of total institutional ownership; BlackRock Inc. holds 7,058,755 shares of stock with an approximate value of $374.82 million in SLGN stock shares; and JPMORGAN CHASE & CO, currently owning around -4.462% of the company’s market capitalization with $246.03M in SLGN stock.

Silgan Holdings Inc. Shares positions held by institutional investors in Inc. increased at the end of October and at the time of the October reporting period, where 120 institutional holders increased their positions in Silgan Holdings Inc. [NYSE:SLGN] By approximately 6,136,512 shares. Additionally, 145 investors reduced positions by approximately 5,056,934 shares, while 40 investors maintained positions by approximately 65,684,894 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 76,878,340 shares. There were 30 new institutional investments in SLGN stock for a total of 3,428,883 shares, while 50 institutional investors sold 1,568,402 shares during the same period.

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