Silgan stock: buy or sell?

SLGN stock price: $29.96 -0.23% At close on August 22nd, 2019

Updated on:
August 22nd, 2019

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Silgan closed today at $29.96 and stayed constant an unpleasant -0.23%.

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.

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?

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.
Is SLGN a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-7-17JPMorgan Chase & Co.UnderweightNeutral
2019-7-11Citigroupn/aBuy
2019-1-7CitigroupNeutralBuy
2019-1-7BarclaysNeutralBuy

Silgan stock analysis

Daily outlook

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.

SLGN stock chart (daily)

Weekly outlook

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%).

SLGN stock chart (weekly)

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 $34.50

Predicting 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:
SLGN stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-7-17JPMorgan Chase & Co.Upgrades$31.00$33.006.5%
2019-7-11CitigroupRaises Target$34.00$36.005.9%
(in average)$32.50$34.506.0%
The price forecast for Silgan stock is $34.50, moving in a range between $36.00 and $33.00. In average, analysts' outlook on SLGN price target is positive, upgrading the prediction by a 6.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After 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.
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 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%

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 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.
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 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:

SLGNATRBERYBLLCCK
Market cap$3.3 B$7.5 B$4.6 B$26.7 B$9.0 B
Total shares111.1 M63.2 M112.7 M334.7 M135.3 M
Float shares77.7 M63.5 M112.9 M328.0 M127.7 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 selling0.0%0.0%0.0%0.0%0.0%

Silgan summary

Thursday, August 22nd, 2019
Open$30.05
Close$29.96
Day range$29.61 - $30.09
Previous close$30.03
Session gain-0.23%
Average true range$0.75
50d mov avg$30.25
100d mov avg$30.03
200d mov avg$28.16
Daily pattern
Weekly pattern lb03a

Silgan performance

Stocks 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:
Stock3m6m12m
SLGNSilgan0.60%4.57%11.17%
ATRAptar5.98%17.65%16.46%
BERYBerry Global-14.33%-21.78%-11.33%
BLLBall30.28%44.91%95.70%
CCKCrown11.08%22.39%58.01%
SONSonoco Products-9.52%-3.48%4.03%

Silgan competitors

We selected a few stocks to conform a list of Silgan competitors to examine if you are interested in investing in SLGN: