The price-to-earnings ratio for Silgan Holdings Inc. (NYSE: SLGN) is 16.01x, which is above its average ratio. Moreover, the 36-month beta value for SLGN is 0.69. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 10 as “hold,” and 1 as “sell.”
The public float for SLGN is 81.87M and currently, short sellers hold a 2.50% of that float. On April 05, 2024, SLGN’s average trading volume was 575.90K shares.
SLGN) stock’s latest price update
Silgan Holdings Inc. (NYSE: SLGN)’s stock price has dropped by -0.38 in relation to previous closing price of 47.96. Nevertheless, the company has seen a gain of 1.29% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-18 that Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
SLGN’s Market Performance
SLGN’s stock has risen by 1.29% in the past week, with a monthly rise of 10.37% and a quarterly rise of 8.47%. The volatility ratio for the week is 2.03% while the volatility levels for the last 30 days are 1.73% for Silgan Holdings Inc. The simple moving average for the past 20 days is 5.08% for SLGN’s stock, with a 8.56% simple moving average for the past 200 days.
Analysts’ Opinion of SLGN
Many brokerage firms have already submitted their reports for SLGN stocks, with Citigroup repeating the rating for SLGN by listing it as a “Neutral.” The predicted price for SLGN in the upcoming period, according to Citigroup is $47 based on the research report published on January 03, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see SLGN reach a price target of $55, previously predicting the price at $50. The rating they have provided for SLGN stocks is “Outperform” according to the report published on October 20th, 2023.
Robert W. Baird gave a rating of “Outperform” to SLGN, setting the target price at $53 in the report published on July 27th of the previous year.
SLGN Trading at 6.66% from the 50-Day Moving Average
After a stumble in the market that brought SLGN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.00% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares surge +11.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.91% upper at present.
During the last 5 trading sessions, SLGN rose by +1.29%, which changed the moving average for the period of 200-days by +0.29% in comparison to the 20-day moving average, which settled at $45.70. In addition, Silgan Holdings Inc. saw 5.59% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SLGN starting from Prinzen B Frederik, who sale 4,684 shares at the price of $43.89 back on Mar 04 ’24. After this action, Prinzen B Frederik now owns 8,613 shares of Silgan Holdings Inc., valued at $205,591 using the latest closing price.
ALLOTT ANTHONY J, the Director of Silgan Holdings Inc., sale 71,050 shares at $42.00 during a trade that took place back on Nov 15 ’23, which means that ALLOTT ANTHONY J is holding 574,439 shares at $2,983,787 based on the most recent closing price.
Stock Fundamentals for SLGN
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.17 for the gross margin
The net margin for Silgan Holdings Inc. stands at 0.05. The total capital return value is set at 0.11. Equity return is now at value 18.07, with 4.36 for asset returns.
Based on Silgan Holdings Inc. (SLGN), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.82. The interest coverage ratio of the stock is 3.47.
Currently, EBITDA for the company is 871.41 million with net debt to EBITDA at 3.46. When we switch over and look at the enterprise to sales, we see a ratio of 1.35. The receivables turnover for the company is 9.99for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
Conclusion
To wrap up, the performance of Silgan Holdings Inc. (SLGN) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
