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Wednesday, September 27, 2023

Analysts Point To Silgan Holdings Inc. (NYSE: SLGN) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Silgan Holdings Inc. (SLGN) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $44.00. The Silgan Holdings Inc. has recorded 159,241 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Silgan Announces Participation in Jefferies Industrials Conference.

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Stocks Info

As a NYSE listed company, SLGN falls under the Consumer Cyclical sector while operating within the Packaging & Containers industry segment. At the end of the last regular session, the stock closed at $44.00 and fluctuated between $44.13 as its day high and $43.66 as its day low. The current market capitalization of Silgan Holdings Inc. is $4.84B. A total of 1.5 million shares were traded on the day, compared to an average of 650.07K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SLGN has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 27,967 shares. Over the last 12 months, there were 31 BUYs and 32 SELLs from insiders. Insiders purchased 9,266,444 shares during that period but sold 10,240,544.

In the most recent transaction, Jordan Joseph M sold 2,967 shares of SLGN for 44.96 per share on Aug 18. After the transaction, the Director now owns 29,437 company shares. In a previous transaction on Aug 08, LEWIS ROBERT B sold 14,969 shares at 44.49 per share. SLGN shares that EVP, Corp. Dev. & Admin. owns now total 204,229.

Among the insiders who sold shares, LEWIS ROBERT B disposed of 10,031 shares on Aug 07 at a per-share price of $44.18. This resulted in the EVP, Corp. Dev. & Admin. holding 219,198 shares of SLGN after the transaction. In another insider transaction, ALLOTT ANTHONY J sold 50,972 shares at $54.08 per share on Feb 09. Company shares held by the Director now total 709,501.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Silgan Holdings Inc. pays an annual dividend of $0.72, resulting in a dividend yield of 1.64%, and it has a price to earnings (P/E) ratio of 15.50. SLGN’s most recent ex-dividend date was 8/31/2023 when it declared a $0.18 quarterly dividend that was paid in cash on 9/15/2023. Previously, the company paid the dividend on 6/15/2023 with an ex-dividend date of 5/31/2023. The SLGN stock dividend was $0.18 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SLGN in the last 3 months, the mean price target is $51.70 with high estimates of $56.00 and low estimates of $43.00. In terms of 52-week highs and lows, SLGN has a high of $55.41 and a low of $40.97.

As of this writing, SLGN has an earnings estimate of $1.13 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $1.18 per share and a lower estimate of $1.03. The company reported an EPS of $0.78 in the last quarter, which was 1.30% higher than expectations of $0.77.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. SLGN’s latest balance sheet shows that the firm has $631.40M in Cash & Short Term Investments as of fiscal 2021. There were $3.79B in debt and $1.49B in liabilities at the time. Its Book Value Per Share was $16.99, while its Total Shareholder’s Equity was $1.56B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SLGN is Buy with a score of 4.33.

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