In yesterday’s Wall Street session, Silgan Holdings Inc. (NYSE:SLGN) shares traded at $43.97, down -0.07% from the previous session.
SLGN stock price is now -5.87% away from the 50-day moving average and -0.67% away from the 200-day moving average. The market capitalization of the company currently stands at $4.70B.
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With the price target enhanced from $44 to $47, Citigroup Downgraded its rating from Buy to Neutral for Silgan Holdings Inc. (NYSE: SLGN)., while ‘Robert W. Baird’ rates the stock as ‘Outperform’
In other news, MARTIN JAY A, Senior Vice President sold 36,177 shares of the company’s stock on May 15 ’24. The stock was sold for $1,709,964 at an average price of $47.27. Upon completion of the transaction, the Senior Vice President now directly owns 107,984 shares in the company, valued at $4.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 13 ’24, Sr. V.P. – Corp. Dev. Prinzen B Frederik sold 4,093 shares of the business’s stock. A total of $195,820 was realized by selling the stock at an average price of $47.84. This leaves the insider owning 4,520 shares of the company worth $0.2 million. A total of 22.67% of the company’s stock is owned by insiders.
During the past 12 months, Silgan Holdings Inc. has had a low of $38.11 and a high of $49.72. As of last week, the company has a debt-to-equity ratio of 2.04, a current ratio of 1.04, and a quick ratio of 0.62. According to the stock market information, the enterprise value for the company is $8266616832, which is based on a 15.43 price-to-earnings ratio, a 1.91 price-to-earnings-growth ratio, and a beta of 0.67. The fifty day moving average price for SLGN is $46.625 and a two-hundred day moving average price translates $44.2586 for the stock.
The latest earnings results from Silgan Holdings Inc. (NYSE: SLGN) was released for 2024-03-31. The net profit margin was 5.25% and return on equity was 16.79% for SLGN. The company reported revenue of $1.32 billion for the quarter, compared to $1.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.14 percent.
