Robert W. Baird analyst Ghansham Panjabi maintained a Hold rating on Silgan Holdings (SLGN – Research Report) yesterday and set a price target of $50.00. The company’s shares closed last Thursday at $44.49.
According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 7.5% and a 58.2% success rate. Panjabi covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and H.B. Fuller Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Silgan Holdings with a $51.00 average price target, which is a 15.5% upside from current levels. In a report released yesterday, Citigroup also maintained a Hold rating on the stock with a $48.00 price target.
Silgan Holdings’ market cap is currently $4.87B and has a P/E ratio of 13.19.
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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.
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