KeyBanc Starts Silgan Holdings (SLGN) at Buy; Stable Business That Should Continue Grow

KeyBanc initiates coverage on Silgan Holdings (NASDAQ: SLGN) with a Buy. PT $51.00.

Analyst, Adam J. Josephson, said, "We consider Silgan a high-quality company based on a number of factors: consistently impressive returns on capital, disciplined capital allocation, and the ability to generate significant profit growth in an industry with slowly declining volume, among others. The Company has done a commendable job of generating consistent and substantial EBIT growth (and EBIT margin improvement) in its largest business – metal food cans – even as industry volume has been in a slow, steady decline, and we expect continued EBIT growth in this business."

For an analyst ratings summary and ratings history on Silgan Holdings click here. For more ratings news on Silgan Holdings click here.

Shares of Silgan Holdings closed at $43.15 yesterday.

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