RBC Capital analyst Arun Viswanathan maintained a Buy rating on Silgan Holdings (SLGN – Research Report) on April 23 and set a price target of $51.00. The company’s shares closed yesterday at $47.32.
According to TipRanks, Viswanathan is a 4-star analyst with an average return of 3.6% and a 55.49% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as PPG Industries, Axalta Coating Systems, and Corteva.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Silgan Holdings with a $53.00 average price target, representing a 12.00% upside. In a report released on April 11, Wells Fargo also assigned a Buy rating to the stock with a $55.00 price target.
SLGN market cap is currently $5.03B and has a P/E ratio of 15.83.
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Silgan Holdings (SLGN) Company Description:
Silgan Holdings, Inc. engages in the manufacture and sale of rigid packaging for consumer goods products. It operates through the following segments: Metal Containers, Closures and Plastic Containers. The Metal Containers segment includes steel and aluminium containers for human and pet food, and general line products. The Closures segment comprises of metal, composite, and plastic closures for food and beverage products. The Plastic Containers segment covers custom designed plastic containers and closures for personal care, food, health care, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive, and marine chemical products. The company was founded by R. Philip Silver and D. Greg Horrigan in 1987 and is headquartered in Stamford, CT.
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