Silgan Holdings (SLGN) Reaches New Lifetime High Today
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Silgan Holdings as such a stock due to the following factors:
- SLGN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $15.1 million.
- SLGN has traded 6,945 shares today.
- SLGN is trading at a new lifetime high.
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More details on SLGN:
Silgan Holdings Inc., together with its subsidiaries, manufactures and sells rigid packaging for shelf-stable food and other consumer goods products worldwide. The company operates through three segments: Metal Containers, Closures, and Plastic Containers. The stock currently has a dividend yield of 1.1%. SLGN has a PE ratio of 19.9. Currently there are no analysts that rate Silgan Holdings a buy, 1 analyst rates it a sell, and 6 rate it a hold.
The average volume for Silgan Holdings has been 259,900 shares per day over the past 30 days. Silgan has a market cap of $3.6 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 0.92 and a short float of 3.6% with 5.14 days to cover. Shares are up 7.4% year-to-date as of the close of trading on Monday.
Analysis:
rates Silgan Holdings as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
Highlights from the ratings report include:
- SLGN's revenue growth has slightly outpaced the industry average of 5.0%. Since the same quarter one year prior, revenues slightly increased by 5.2%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- The net income growth from the same quarter one year ago has significantly exceeded that of the Containers & Packaging industry average, but is less than that of the S&P 500. The net income increased by 1.4% when compared to the same quarter one year prior, going from $23.28 million to $23.60 million.
- Net operating cash flow has increased to $397.55 million or 13.69% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -10.06%.
- You can view the full Silgan Holdings Ratings Report.
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