KeyBanc analyst Adam Josephson upgraded Silgan Holdings (SLGN) to Buy today and set a price target of $39.00. The company’s shares closed last Wednesday at $34.01.
According to TipRanks.com, Josephson is a 1-star analyst with an average return of -1.5% and a 50.0% success rate. Josephson covers the Basic Materials sector, focusing on stocks such as International Paper Co, Berry Global Group, and Graphic Packaging.
Silgan Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $42.25.
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Based on Silgan Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.49 billion and net profit of $113 million. In comparison, last year the company earned revenue of $1.32 billion and had a net profit of $81.27 million.
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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.
