Jefferies: Time To Buy Silgan Holdings (NASDAQ:SLGN)? Has $33 Valuation Target

May 18, 2018 - By Hazel Jackson

Silgan Holdings Inc. (NASDAQ:SLGN) Logo

Investors sentiment decreased to 1.25 in 2017 Q4. 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.

California State Teachers Retirement stated it has 117,619 shares. Ing Groep Nv invested in 11,158 shares. Ent Fincl Services reported 92 shares or 0% of all its holdings. Balyasny Asset Mngmt Ltd Liability holds 0% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN) for 14,660 shares. Cubist Systematic Strategies Limited Company has invested 0% in Silgan Holdings Inc. (NASDAQ:SLGN). South Dakota Inv Council reported 13,500 shares or 0.01% of all its holdings. Aperio Limited reported 22,695 shares or 0% of all its holdings. Proshare Advsrs Lc holds 0% or 6,991 shares. Sg Americas Secs Ltd Liability Co has 0.01% invested in Silgan Holdings Inc. (NASDAQ:SLGN). Riverhead Cap Management Limited Liability Co holds 0.01% or 6,408 shares in its portfolio. Lazard Asset Mgmt Limited Liability Corporation owns 424,012 shares for 0.02% of their portfolio. Bbva Compass Bank Inc owns 8,003 shares for 0.01% of their portfolio. Advisory Svcs Limited Co invested in 56 shares. Advantus Management Inc owns 9,108 shares. State Teachers Retirement Systems reported 98,600 shares or 0.01% of all its holdings.

Since February 12, 2018, it had 0 buys, and 4 selling transactions for $14.53 million activity. 15,000 Silgan Holdings Inc. (NASDAQ:SLGN) shares with value of $435,134 were sold by LEWIS ROBERT B.

Why Has Jefferies Given Silgan Holdings (NASDAQ:SLGN) a $33 Price Target

Investment firm Jefferies has today has started coverage on Silgan Holdings (NASDAQ:SLGN) shares, with a “Buy” rating, while setting the TP at $33.

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 12.45% above currents $27.31 stock price. Silgan Holdings had 13 analyst reports since November 19, 2017 according to SRatingsIntel. The company was downgraded on Wednesday, January 17 by JP Morgan. KeyBanc Capital Markets maintained Silgan Holdings Inc. (NASDAQ:SLGN) rating on Wednesday, April 25. KeyBanc Capital Markets has “Sell” rating and $2500 target. The company was upgraded on Monday, May 7 by KeyBanc Capital Markets. JP Morgan maintained Silgan Holdings Inc. (NASDAQ:SLGN) on Thursday, April 26 with “Underweight” rating. KeyBanc Capital Markets maintained Silgan Holdings Inc. (NASDAQ:SLGN) rating on Thursday, February 1. KeyBanc Capital Markets has “Sell” rating and $25.0 target. Bank of America downgraded the shares of SLGN in report on Tuesday, January 2 to “Underperform” rating. On Wednesday, January 17 the stock rating was downgraded by J.P. Morgan to “Sell”. On Sunday, February 4 the stock rating was maintained by RBC Capital Markets with “Hold”. Citigroup maintained the shares of SLGN in report on Thursday, April 5 with “Neutral” rating. The firm earned “Underperform” rating on Thursday, February 1 by Bank of America.

The stock increased 0.04% or $0.01 during the last trading session, reaching $27.31. About 156,747 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 earnings per share, up 48.57 % or $0.17 from last year’s $0.35 per share. SLGN’s profit will be $57.50 million for 13.13 P/E if the $0.52 EPS becomes a reality. After $0.42 actual earnings per share 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 Seekingalpha.com with their article: “Silgan Holdings beat estimates” published on April 25, 2018, Nasdaq.com published: “Mid-Day Market Update: Travelzoo Rises Following Q1 Results; HFF Shares Tumble” 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 Streetinsider.com‘s news article titled: “Silgan Holdings (SLGN) Tops Q1 EPS by 7c; Beats on Revenues; FY18 EPS Guidance In-Line” with publication date: April 25, 2018.

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

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