Silgan stock: buy or sell?

SLGN stock price: $29.02 -0.38% At close on March 31st, 2020

Updated on:
March 31st, 2020

2

After boosting an outstanding 5.77% yesterday, Silgan closed today at $29.02 and declined an unpleasant -0.38%.

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?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Having a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Silgan stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Silgan stock a buy?

Financial institutions and banks publish stock ratings everyday. Unfortunately, we couldn't detect any rating for SLGN stock for the last month.

Silgan stock analysis

Daily outlook

After boosting an outstanding 5.77% yesterday, Silgan closed today at $29.02 and declined an unpleasant -0.38%.

After boosting an outstanding 5.77% yesterday, Silgan closed today at $29.02 and declined an unpleasant -0.38%. Since March/9 when SLGN stock price broke down the SMA200d line, it slid $-1.48 per share (-4.85%). On Feb 19th, SLGN hit new all time highs, pushing higher previous ATH of $32.52 recorded on Feb 18th. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

SLGN stock chart (daily)

Weekly outlook

Silgan shares rocketed 5.72% this week, ending at $29.02. Early March SLGN collapsed a scary -11.19% in just one week.

Not so far away is the last all-time high Silgan marked by mid February. Since early March, when SLGN stock price broke down the 40-weeks moving avarage line, it slid $-1.48 per share (-4.85%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support.

SLGN stock chart (weekly)

Silgan stock price history

Silgan stock went public on February 14th, 1997 with a price of $2.311. Since then, SLGN stock surged a 1,156.30%, with an average of 50.30% per year. If you had invested $1,000 in Silgan stock in 1997, it would worth $11,563.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Silgan stock historical price chart

SLGN stock reached all-time highs on February/19 with a price of $32.66.

Silgan stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. 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. For the last 30 days we have not detected any price target for Silgan stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since April, when Silgan presented its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
SLGN earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.35n/a
2017-Q32017-10-250.690.66-4.3%
2017-Q42018-01-300.320.320.0%
2018-Q12018-04-250.360.4216.7%
2018-Q22018-07-250.520.520.0%
2018-Q32018-10-240.770.76-1.3%
2018-Q42019-01-290.360.385.6%
2019-Q12019-04-230.43n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Silgan annual revenues soared a more than good 8.78% to $4,448.88 million dollars from $4,089.85 marked in 2017. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) decreased a -1.56% to 5.03%.

To have an up to date 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 income was $224.97 M dollars. If we compare this TTM figures with the last reported annuality, we can esteem Silgan business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, remained constant a neutral 0.33%. Regarding profit margin, Silgan stayed steady 0.01% to 5.03%

SLGN annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$3,710 M-$185 M5.0%-
2014$3,912 M5.44%$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 M13.20%$270 M6.6%75.84%
2018$4,449 M8.78%$224 M5.0%-16.93%
TTM $4,464 M0.33%$225 M5.0%0.44%

Quarterly financial results

Silgan posted $1,027.10 M in revenues for 2019-Q1, a -4.05% decline compared to previous quarter. Reported quarter earnings 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 sales to same quarter last year, Silgan sales marked a tiny growth and raised a 1.46%. Looking back to recent quarterly results, Silgan posted 2 negative quarters in a row.
SLGN quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$1,020 M-$28 M2.7%-
2017-Q3$1,270 M24.51%$72 M5.7%159.15%
2017-Q4$996 M-21.60%$146 M14.7%101.88%
2018-Q1$1,012 M1.66%$46 M4.5%-68.71%
2018-Q2$1,059 M4.63%$55 M5.2%21.05%
2018-Q3$1,307 M23.41%$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 ownership

When you are planning to buy shares of a company, it's always worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Silgan, 29.66% of all outstanding shares are owned by its staff.

In case of Silgan stock, 68.65% 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.

For a better understanding, the next table shows ownership data compared to other related stocks:

SLGN
Market cap$3.2 B
Total shares110.8 M
Float shares78.2 M
  - Institutional holdings (%)68.7%
  - Insider holdings (%)29.7%
Shares in short selling0.0%

Silgan summary

Tuesday, March 31st, 2020
Open$28.95
Close$29.02
Day range$28.32 - $29.12
Previous close$29.13
Session gain-0.38%
Average true range$2.03
50d mov avg$29.86
100d mov avg$30.23
200d mov avg$30.03
Daily patternlt03a
Weekly pattern

Silgan performance

To measure stock performance is always good to benchmark with competitors or related stocks. We chose as the bechmarking frame for Silgan stock.
Stock3m6m12m
SLGNSilgan-5.19%-0.75%-2.19%

Silgan competitors

Unfortunately, we could not find any public company that could be defined as Silgan competitor. This doesn't mean Silgan does not have any competitor in the market, it's just we could not detected it.