Stock To Watch: Silgan Holdings Inc. (NASDAQ:SLGN)


The leading market experts have placed a mean price target of $52.22 on Silgan Holdings Inc. (NASDAQ:SLGN) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.50 a share for the upcoming quarter and $2.80 for the current fiscal.

Technical View

The technical analysis of Silgan Holdings Inc. plainly substantiates that the 50-day moving average of Silgan Holdings Inc. is $49.09, and stock is trading $0.06 points away or +0.13% from its 50-day moving average of $49.09. Further it is trading $-1.84 or -3.61% away its 200-day moving average of $50.99. Silgan Holdings Inc. (NASDAQ:SLGN) 52-week high is $56.06 and the 52-week low is $47.00.

This explains if the stock moves $-6.91, it will post a 52-week high. In event of +4.57% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Silgan Holdings Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Silgan Holdings Inc. (NASDAQ:SLGN) ratio came in at 19.10.

The stock last ended the trading session at $49.15 and registered a market cap of $2.97B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Silgan Holdings Inc. (NASDAQ:SLGN) PEG ratio is at 2.17.

1 Chart Pattern Every Investor Should Know

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