Jefferies Now Covering Silgan Holdings (NASDAQ:SLGN) With $33.0000 Target

May 18, 2018 - By Susan Price

Silgan Holdings Inc. (NASDAQ:SLGN) Logo

Investors sentiment decreased to 1.25 in Q4 2017. 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.

Retirement System Of Alabama accumulated 95,621 shares. Matarin Mgmt Lc owns 0.43% invested in Silgan Holdings Inc. (NASDAQ:SLGN) for 186,616 shares. 670,889 are held by Geode Ltd Liability Co. Putnam Invs Lc has 0% invested in Silgan Holdings Inc. (NASDAQ:SLGN) for 70,000 shares. Cubist Systematic Strategies Ltd has invested 0% in Silgan Holdings Inc. (NASDAQ:SLGN). 10,117 are held by Peak6 Investments L P. Td Asset Mgmt Inc holds 0.01% or 156,750 shares. Dimensional Fund Advsr Limited Partnership reported 1.78M shares stake. Oppenheimer Com reported 14,000 shares. State Bank Of Montreal Can holds 0% or 18,702 shares. Point72 Asset Mngmt Ltd Partnership has invested 0.04% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN). State Treasurer State Of Michigan owns 26,562 shares. Burney Commerce invested in 283,585 shares. Glenmede Tru Na, a Pennsylvania-based fund reported 7,600 shares. Century Incorporated invested in 1.77M shares or 0.05% of the stock.

Since February 12, 2018, it had 0 insider purchases, and 4 selling transactions for $14.53 million activity. Shares for $435,134 were sold by LEWIS ROBERT B.

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

New York: Silgan Holdings (NASDAQ:SLGN) coverage was initiated with a key ‘Buy’ rating as well as a $33.0000 target price per share at Jefferies. The price target by Jefferies means upside of 20.75 % from the last stock close price.

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. The firm has “Underweight” rating given on Thursday, April 26 by JP Morgan. The stock of Silgan Holdings Inc. (NASDAQ:SLGN) has “Underweight” rating given on Friday, December 8 by KeyBanc Capital Markets. Citigroup maintained the stock with “Neutral” rating in Thursday, April 5 report. The firm has “Sell” rating given on Wednesday, April 25 by KeyBanc Capital Markets. The firm has “Hold” rating by RBC Capital Markets given on Sunday, February 4. The firm has “Underweight” rating by JP Morgan given on Wednesday, January 17. As per Thursday, February 1, the company rating was maintained by Bank of America. The stock of Silgan Holdings Inc. (NASDAQ:SLGN) earned “Sell” rating by KeyBanc Capital Markets on Thursday, February 1. The firm earned “Overweight” rating on Monday, February 12 by Barclays Capital. J.P. Morgan downgraded the shares of SLGN in report on Wednesday, January 17 to “Sell” rating.

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

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

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