Silgan Holdings (SLGN) is Upgraded by Robert W. Baird to Outperform, Raises Price Target to $60

Silgan Holdings (SLGN) is Upgraded by Robert W. Baird to Outperform according to the research report released to the investors. The brokerage firm has raised the Price Target to $60 from a previous price target of $55 . Earlier the firm had a rating of Neutral on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

Silgan Holdings Inc. is up 3.08% in the last 3-month period. Year-to-Date the stock performance stands at 1.4%.

Shares of Silgan Holdings Inc. (NASDAQ:SLGN) rose by 0.17% in the past week and 0.13% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 1% and the outperformance increases to 2.47% for the last 4 weeks.

Shares of Silgan Holdings Inc. (NASDAQ:SLGN) ended Thursday session in red amid volatile trading. The shares closed down 0.62 points or 1.14% at $53.72 with 181,227 shares getting traded. Post opening the session at $54.13, the shares hit an intraday low of $53.67 and an intraday high of $55.56 and the price vacillated in this range throughout the day. The company has a market cap of $3,244 million and the number of outstanding shares have been calculated to be 60,392,905 shares. The 52-week high of Silgan Holdings Inc. (NASDAQ:SLGN) is $59.26 and the 52-week low is $47.

Currently the company Insiders own 32.95% of Silgan Holdings Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.2% . Institutional Investors own 67.86% of Silgan Holdings Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -9.2%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The officer (Vice President,Tax), of Silgan Holdings Inc, Andreacchi Anthony P had unloaded 837 shares at $52.15 per share in a transaction on November 19, 2015. The total value of transaction was $43,650. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Silgan Holdings Inc is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products. It operates three businesses: metal container business, closures business and plastic container business. The Companys products include steel and aluminum containers for human and pet food and general line products; metal, composite and plastic vacuum closures for food and beverage products and plastic closures for the dairy and juice markets, and custom designed plastic containers, tubes and closures for personal care, food, health care, pharmaceutical, household and industrial chemical, pet care, agricultural chemical, automotive and marine chemical products. The Companys products are used for a variety of end markets and it operates 81 manufacturing plants in North America, Europe, Asia and South America. Effective October 22, 2013, Silgan Holdings Inc acquired Portola Packaging Inc. Effective September 15, 2014, Silgan Holdings Inc acquired Van Can Co.