Silgan Holdings Inc. (NASDAQ:SLGN) went up by 0.12% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Packaging & Containers giant went up by $33.10 to trade ended Tuesday trading at $33.06. This is up from the $33.06 price recorded on Monday’s trading session. Thanks to this latest performance, SLGN is closer to the higher price 52-week target of $41.00 and further from the lowest price target of $27.50. Its performance from the start of the year has also been positive, with SLGN up by 6.50% year-to-date.
Silgan Holdings Inc. (SLGN) started the day trading at $32.82 and recorded an intraday high of $33.39. It also recorded an intraday low of $32.73 during Tuesday’s trading session. Silgan Holdings Inc. is a very active stock that recorded a trading volume that is less than -76.01% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 398939, which is less than -76.01 of the total average daily trading volume of 702.18K.
Silgan Holdings Inc. (NASDAQ:SLGN) 2020 Performance Impressive
The increase in SLGN’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of SLGN currently stands at $35.94, which is higher than the current trading price of the stock by 7.9%. However, SLGN’s current trading price is -34.28% lower than the 52-week low price of $24.65. In terms of trading volume, Silgan Holdings Inc. currently experienced healthy participation during the last trading session. 398939 shares of Silgan Holdings Inc. were traded on the stock exchange on Tuesday, which is less than -76.01% of the 702.18K average trading volume of the stock.
The performance of the stock has been positive over the past year. SLGN’s performance over the past one year has seen it surge by 6.36%, while the stock has gone up by 9.53% in the last six months. The quarterly performance of SLGN currently stands at 11.82%, and it is down by -2.19% in the last month. The only positive figure was from the weekly performance, which currently reads 4.19%. At the time of writing SLGN’s report, the company has a total market cap of $3.64B, making it one of the largest publicly-traded companies in the world.Silgan Holdings Inc. also has over 13100 employees all over the world.
SLGN Insider Activities
For Silgan Holdings Inc., insiders hold 68.10% of all company shares. The insider transactions over the past six months are up by 5.80%. During that period, insiders bought 681,922 shares in 20 transactions. In that same period, insiders sold 163,102 of their shares in 12 transactions. After these transactions, insiders at Silgan Holdings Inc. now hold 32.86M shares, which is over 68.22% of the total company stocks. Institutional investors currently hold a large chunk of the SLGN shares, as they control 29.64% of the company’s total stock.
SLGN Fundamental Analysis
For Silgan Holdings Inc., the stock’s diluted earnings per share (EPS) stands at 1.84. In the coming year, analysts expect the EPS to be 2.52. The EPS growth will up over the next five years to 5.74% after surging by 4.00% in the previous five years. In terms of revenue, Silgan Holdings Inc.’s quarterly sales (YOY) is growing at 0.64, which is lower than the average annual revenue of 4.00% over the past half a decade.
The Return on Investment (ROI) on Silgan Holdings Inc.’s stock currently stands at 9.20%, and it has a net profit margin of 4.60%. The operating margin of the company is 8.30%, and its gross margin is 16.30%.
SLGN Analysts Prediction
In March 20, 2020, several analysts reiterated their positions on the Silgan Holdings Inc. stock and predicted its performance to their investors. The analysts at RBC Capital Mkts believe SLGN is still a Outperform and set the price target between $32 and $34. Another analyst that has a Neutral rating for SLGN is JP Morgan, which set a price target of between $31 and $33.
SLGN received a positive rating from Barclays, which set a price target of $30-$35 for the stock.
At the moment, Silgan Holdings Inc.’s Total Debt to Equity ratio stands at 2.97, and they have a long-term Debt to Equity ratio of 2.13.
SLGN Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of SLGN currently stands at 3.35%, while the SMA50 is 0.70%. The biggest one is the SMA200, which is currently reading 6.61% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 58.16, while its price to earnings ratio (P/E) is 18.03.