Silgan Holdings (NASDAQ:SLGN) Moves On Jefferies Initiation. How Much Are Shares Worth?

May 18, 2018 - By Peter Erickson

Silgan Holdings Inc. (NASDAQ:SLGN) Logo

Investors sentiment decreased to 1.25 in 2017 Q4. Its down 0.07, from 1.32 in 2017Q3. It dived, as 27 investors sold Silgan Holdings Inc. shares while 52 reduced holdings. 29 funds opened positions while 70 raised stakes. 71.50 million shares or 1.08% more from 70.73 million shares in 2017Q3 were reported.

Deprince Race And Zollo invested in 0.92% or 1.41M shares. Victory Inc holds 8,572 shares. 2,238 are owned by Cubist Systematic Strategies. Stone Ridge Asset Mngmt Limited Liability Corp reported 0.05% stake. Wellington Mngmt Grp Ltd Liability Partnership has 0.02% invested in Silgan Holdings Inc. (NASDAQ:SLGN) for 3.70M shares. Kennedy Inc holds 0.11% in Silgan Holdings Inc. (NASDAQ:SLGN) or 204,300 shares. Moreover, Point72 Asset Limited Partnership has 0.04% invested in Silgan Holdings Inc. (NASDAQ:SLGN). 14,660 are owned by Balyasny Asset Mgmt Lc. Bbva Compass Financial Bank invested in 8,003 shares or 0.01% of the stock. Geode Cap Mngmt Ltd Llc has 0.01% invested in Silgan Holdings Inc. (NASDAQ:SLGN) for 670,889 shares. Commerce Bank & Trust reported 0.01% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN). Walthausen And Limited Liability Corporation accumulated 0.18% or 64,590 shares. Guggenheim Llc holds 0% or 59,640 shares in its portfolio. Raymond James And Associate stated it has 25,643 shares. 17,028 were reported by Qs Limited Liability Company.

Since February 12, 2018, it had 0 insider purchases, and 4 insider sales for $14.53 million activity. LEWIS ROBERT B sold $435,134 worth of Silgan Holdings Inc. (NASDAQ:SLGN) on Monday, February 26.

Why Has Jefferies Given Silgan Holdings (NASDAQ:SLGN) a $33.0000 Price Target

Analysts at Jefferies initiated coverage on shares of Silgan Holdings (NASDAQ:SLGN) in a research report released on Friday, 18 May. The financial company set “Buy” rating on the $3.02B market cap company.

Silgan Holdings Inc. (NASDAQ:SLGN) Ratings Coverage

Among 8 analysts covering Silgan Holdings (NASDAQ:SLGN), 2 have Buy rating, 3 Sell and 3 Hold. Therefore 25% are positive. Silgan Holdings has $34.0 highest and $2500 lowest target. $30.71’s average target is 12.37% above currents $27.33 stock price. Silgan Holdings had 13 analyst reports since November 19, 2017 according to SRatingsIntel. Citigroup maintained the shares of SLGN in report on Thursday, April 5 with “Neutral” rating. Bank of America maintained Silgan Holdings Inc. (NASDAQ:SLGN) rating on Thursday, February 1. Bank of America has “Underperform” rating and $33 target. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Monday, May 7. The stock of Silgan Holdings Inc. (NASDAQ:SLGN) earned “Underweight” rating by KeyBanc Capital Markets on Friday, December 8. The rating was maintained by BMO Capital Markets on Sunday, November 19 with “Buy”. KeyBanc Capital Markets maintained Silgan Holdings Inc. (NASDAQ:SLGN) rating on Thursday, February 1. KeyBanc Capital Markets has “Sell” rating and $25.0 target. The company was upgraded on Monday, February 12 by Barclays Capital. The stock has “Underperform” rating by Bank of America on Tuesday, January 2. The company was maintained on Wednesday, April 25 by KeyBanc Capital Markets. The rating was downgraded by J.P. Morgan to “Sell” on Wednesday, January 17.

The stock increased 0.07% or $0.02 during the last trading session, reaching $27.33. About 55,142 shares traded. Silgan Holdings Inc. (NASDAQ:SLGN) has declined 7.70% since May 18, 2017 and is downtrending. It has underperformed by 19.25% the S&P500.

Analysts await Silgan Holdings Inc. (NASDAQ:SLGN) to report earnings on July, 25. They expect $0.52 earnings per share, up 48.57 % or $0.17 from last year’s $0.35 per share. SLGN’s profit will be $57.52M for 13.14 P/E if the $0.52 EPS becomes a reality. After $0.42 actual earnings per share reported by Silgan Holdings Inc. for the previous quarter, Wall Street now forecasts 23.81 % EPS growth.

Silgan Holdings Inc., together with its subsidiaries, makes and sells rigid packaging for shelf-stable food and other consumer goods products worldwide. The company has market cap of $3.02 billion. It operates through three divisions: Metal Containers, Closures, and Plastic Containers. It has a 11.29 P/E ratio. The Metal Containers segment makes and sells steel and aluminum containers for food products, such as soups, vegetables, fruits, meat, tomato based products, seafood, coffee, adult nutritional drinks, pet food, and other miscellaneous food products, as well as general line metal containers primarily for chemicals.

More notable recent Silgan Holdings Inc. (NASDAQ:SLGN) news were published by: Nasdaq.com which released: “Report: Developing Opportunities within Natus Medical, Aptevo Therapeutics, Revlon, Silgan, Resources Connection …” on April 30, 2018, also Nasdaq.com with their article: “Mid-Day Market Update: Travelzoo Rises Following Q1 Results; HFF Shares Tumble” published on April 25, 2018, Seekingalpha.com published: “Silgan Holdings beat estimates” on April 25, 2018. More interesting news about Silgan Holdings Inc. (NASDAQ:SLGN) were released by: Streetinsider.com and their article: “KeyBanc Upgrades Silgan Holdings (SLGN) to Sector Weight” published on May 07, 2018 as well as Streetinsider.com‘s news article titled: “Silgan Holdings (SLGN) Tops Q1 EPS by 7c; Beats on Revenues; FY18 EPS Guidance In-Line” with publication date: April 25, 2018.

Silgan Holdings Inc. (NASDAQ:SLGN) Institutional Positions Chart

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