Silgan stock: buy or sell?
August 22nd, 2019
Silgan Holdings Inc., together with its subsidiaries, manufactures and sells rigid packaging for shelf-stable food and other consumer goods products worldwide.
Should I buy Silgan stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Following a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Silgan stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Silgan stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 4 ratings published for SLGN stock in the last 30 days. The general sentiment of these ratings is bullish for SLGN stock, with 3 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-17||JPMorgan Chase & Co.||Underweight||Neutral|
Silgan stock analysis
Silgan shares stayed stable -0.23% to $29.96 today.
On July, SLGN hit new all time highs, pushing higher previous ATH of $31.59 recorded . New ATHs are usual entry points for many trading setups as there aren't higher resistences. Silgan stayed stable an unpleasant -0.23% and closed at $29.96. On April, SMA100d and SMA200d crossed up triggering a rise of 0.23%. In this session, Silgan stock crossed down the SMA100d line. If you are using SMA100d line as stop loss trigger, double check your position in this stock.
Silgan shares declined -1.15% this week, ending at $29.96.
Not so far away is the last price record Silgan marked early July. SLGN shows a long term strength with several rising tops and rising bottoms. It left a new bottom at $29.22 early August. Previous top ($31.69) will play as a resistance in possible new gains. Early April, SMA20w and SMA40w crossed up triggering a rise of 1.49%. Since late January when SLGN stock price broke up the SMA40w line, it gained $4.06 (15.68%).
Silgan stock price history
Silgan stock went public on February 14th, 1997 with a price of $2.331. Since then, SLGN stock grew a 1,185.80%, with a yearly average of 53.90%. If you had invested right after SLGN's IPO a $1,000 in Silgan stock in 1997, it would worth $11,858.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Silgan stock historical price chart
SLGN stock reached all-time highs on July with a price of $31.69.
Silgan stock price target is $34.50Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' SLGN stock price predictions in the hope that they will be met as they may be wrong and not met. We found 2 price forecasts for Silgan stock released in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-17||JPMorgan Chase & Co.||Upgrades||$31.00||$33.00||6.5%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter presenting its last earnings report on April, Silgan remained stable a neutral 0.27%. As soon as we get its posted EPS from the earnings report, we will extend this report.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Silgan annual sales jumped a remarkable 8.78% to $4,448.88 M dollars from $4,089.85 marked in 2017. When comparing 2018 vs 2017, nonetheless, profit margin (that is, the net income divided by revenues) declined a -1.56% to 5.03%. To have an updated picture of the financial situation of Silgan, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Silgan TTM sales up to March 2019 were $4,463.69 and earnings were $224.97 M dollars. When comparing this TTM figures with the last reported annuality, we can review Silgan business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, remained stable a neutral 0.33%. Regarding profit margin, Silgan stayed steady 0.01% to 5.03%
|2013||$3,710 M||-||$185 M5.0%||-|
|2014||$3,912 M||5.44%||$182 M4.7%||-1.63%|
|2015||$3,764 M||-3.78%||$172 M4.6%||-5.47%|
|2016||$3,613 M||-4.01%||$153 M4.2%||-11.06%|
|2017||$4,090 M||13.20%||$270 M6.6%||75.84%|
|2018||$4,449 M||8.78%||$224 M5.0%||-16.93%|
|TTM||$4,464 M||0.33%||$225 M5.0%||0.44%|
Quarterly financial resultsSilgan reported $1,027.10 million in revenues for 2019-Q1, a -4.05% less compared to previous quarter. Reported quarter income marked $46.70 M with a profit margin of 4.55%. Profit margin remained stable a 0.98% compared to previous quarter when profit margin was 3.57%. When comparing revenues to same quarter last year, Silgan sales marked a slightly fine increase and grew a 1.46%. Looking back to recent quarterly results, Silgan posted 2 positive quarters in a row.
|2017-Q2||$1,020 M||-||$28 M2.7%||-|
|2017-Q3||$1,270 M||24.51%||$72 M5.7%||159.15%|
|2017-Q4||$996 M||-21.60%||$146 M14.7%||101.88%|
|2018-Q1||$1,012 M||1.66%||$46 M4.5%||-68.71%|
|2018-Q2||$1,059 M||4.63%||$55 M5.2%||21.05%|
|2018-Q3||$1,307 M||23.41%||$85 M6.5%||53.12%|
|2018-Q4||$1,070 M||-18.10%||$38 M3.6%||-54.93%|
|2019-Q1||$1,027 M||-4.05%||$47 M4.5%||22.28%|
Silgan ownershipWhen you are planning to buy shares of a company, it's worth to check its ownership structure.
Silgan shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 29.78% of all shares.
In case of Silgan stock, 66.86% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for SLGN stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Silgan:
|Market cap||$3.3 B||$7.5 B||$4.6 B||$26.7 B||$9.0 B|
|Total shares||111.1 M||63.2 M||112.7 M||334.7 M||135.3 M|
|Float shares||77.7 M||63.5 M||112.9 M||328.0 M||127.7 M|
|- Institutional holdings (%)||66.9%||93.1%||101.7%||89.0%||110.1%|
|- Insider holdings (%)||29.8%||0.7%||0.1%||0.8%||1.9%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Thursday, August 22nd, 2019|
|Day range||$29.61 - $30.09|
|Average true range||$0.75|
|50d mov avg||$30.25|
|100d mov avg||$30.03|
|200d mov avg||$28.16|
Silgan performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We compared Silgan against Aptar, Berry Global, Ball, Crown and Sonoco Products in the following table: