Silgan stock: buy or sell?
March 31st, 2020
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.
|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?
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
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.
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.
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 targetHow 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 ShareSince April, when Silgan presented its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%
|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 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.
|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 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:
|Market cap||$3.2 B|
|Total shares||110.8 M|
|Float shares||78.2 M|
|- Institutional holdings (%)||68.7%|
|- Insider holdings (%)||29.7%|
|Shares in short selling||0.0%|
|Tuesday, March 31st, 2020|
|Day range||$28.32 - $29.12|
|Average true range||$2.03|
|50d mov avg||$29.86|
|100d mov avg||$30.23|
|200d mov avg||$30.03|
Silgan performanceTo measure stock performance is always good to benchmark with competitors or related stocks. We chose as the bechmarking frame for Silgan stock.