As of Friday close, Silgan Holdings Inc.’s (NYSE:SLGN) stock was down -$0.12, moving down -0.27 percent to $44.76. The average number of shares traded per day over the past five days has been 672,940 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.32 fall in that time frame. In the last twenty days, the average volume was 831,340, while in the previous 50 days, it was 659,974.
Since last month, SLGN stock retreated -6.34%. Shares of the company fell to $41.32 on 07/26/23, the lowest level in the past month. A 52-week high of $55.41 was reached on 02/03/23 after having rallying from a 52-week low of $40.97. Since the beginning of this year, SLGN’s stock price has dropped by -13.66% or -$7.08, and marked a new high 9 times. However, the stock has declined by -19.22% since its 52-week high.
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SLGN stock investors should be aware that Silgan Holdings Inc. (SLGN) stock had its last reported insider trading activity 1 day ago on Aug 18. Jordan Joseph M, the Director of the company, disposed of 2,967 shares for $44.96 on Aug 18. It resulted in a $133,398 divestment by the insider. LEWIS ROBERT B sold 14,969 shares at an average price of $44.49 on Aug 08. The insider now owns 204,229 shares following the transaction. On Aug 07, EVP, Corp. Dev. & Admin. LEWIS ROBERT B sold 10,031 shares at $44.18 apiece. The transaction was valued at $443,217.
Valuation Metrics
Right now, Silgan Holdings Inc. (SLGN) has a P/E ratio of about 15.77. The stock’s beta is 0.77. Besides these, the trailing price-to-sales (P/S) ratio of 0.78, the price-to-book (PB) ratio of 2.63, and the price-to-cash flow ratio of 67.42 may also be considered.
The latest dividend of $0.18 per share was paid out, remained unchanged from last year’s $0.18.
Financial Health
In the three months ended June 29, Silgan Holdings Inc.’s quick ratio stood at 0.80, while its current ratio was 1.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.79, and the total debt-to-equity ratio was 2.22. On the profitability front, the trailing twelve-month gross margin is 16.40% percent. In the year ended June 29, EBITDA margin amounted to 14.33%, whereas operating margins totaled 9.20%. Based on annual data, SLGN earned $1.05 billion in gross profit and brought in $6.41 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.10%. Return on equity (ROE) for the past 12 months was 17.80%.
In Silgan Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $3.35 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SLGN’s revenue fell -8.25% to $1.42 billion during the quarter, while net income inched up to $1.43 billion. While analysts expected Silgan Holdings Inc. to report $0.89 quarterly earnings, the actual figure was $0.83 per share, beating the consensus estimate by -6.70%. During the quarter, the company generated $211.94 million in EBITDA. The liabilities of Silgan Holdings Inc. were 6.04 billion at the end of its most recent quarter ended June 29, and its total debt was $4.16 billion. The value of shareholders’ equity is $109.95 million.
Technical Picture
This quick technical analysis looks at Silgan Holdings Inc.’s (SLGN) price momentum. With a historical volatility rate of 10.05%, the RSI 9-day stood at 46.88% on 18 August.
With respect to its five-day moving average, the current Silgan Holdings Inc. price is down by -0.71% percent or -$0.32. At present, SLGN shares trade -6.83% below its 20-day simple moving average and -13.26% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.09% below its SMA50 and -5.49% below its SMA200.
Stochastic coefficient K was 72.10% and Stochastic coefficient D was 71.63%, while ATR was 0.80. Given the Stochastic reading of 71.69% for the 14-day period, the RSI (14) reading has been calculated as 45.51%. As of today, the MACD Oscillator reading stands at -0.06, while the 14-day reading stands at 0.24.
Analyst Ratings
Robert W. Baird upgraded its rating on Silgan Holdings Inc. (NYSE: SLGN) to an Outperform in a note to investors on July 27, 2023. The analysts firm previously had a Neutral rating on the stock.Silgan Holdings Inc. (SLGN) has been rated Overweight by analysts. According to 1 brokerage firm, SLGN is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Silgan Holdings Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $52.00, the current consensus forecast for the stock is $43.00 – $56.00. Based on these forecasts, analysts predict Silgan Holdings Inc. (SLGN) will achieve an average price target of $51.70.
