Currently, there are 106.80M common shares owned by the public and among those 84.31M shares have been available to trade.
The company’s stock has a 5-day price change of 4.14% and 2.02% over the past three months. SLGN shares are trading 1.08% year to date (YTD), with the 12-month market performance up to 22.78% higher. It has a 12-month low price of $41.14 and touched a high of $58.14 over the same period. SLGN has an average intraday trading volume of 650.12K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.38%, -2.33%, and 6.03% respectively.
Institutional ownership of Silgan Holdings Inc (NYSE: SLGN) shares accounts for 71.05% of the company’s 106.80M shares outstanding.
It has a market capitalization of $5.62B and a beta (3y monthly) value of 0.71. The stock’s trailing 12-month PE ratio is 19.04, while the earnings-per-share (ttm) stands at $2.76. The company has a PEG of 1.98 and a Quick Ratio of 0.75 with the debt-to-equity ratio at 1.85. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.61% over the week and 1.90% over the month.
Earnings per share for the fiscal year are expected to increase by 5.83%, and 14.07% over the next financial year. EPS should grow at an annualized rate of 9.60% over the next five years, compared to 8.26% over the past 5-year period.
Looking at the support for the SLGN, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on August 01, 2024, with the firm’s price target at $46-$53. Citigroup coverage for the Silgan Holdings Inc (SLGN) stock in a research note released on July 08, 2024 offered a Buy rating with a price target of $50. Citigroup was of a view on January 03, 2024 that the stock is Neutral, while Raymond James gave the stock Outperform rating on October 20, 2023, issuing a price target of $50- $55. Robert W. Baird on their part issued Outperform rating on July 27, 2023.
