Sealed Air Corp (NYSE:SEE) has been given an average rating of “Hold” by the fifteen brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $42.22.
Several equities research analysts recently weighed in on SEE shares. Robert W. Baird reduced their price target on shares of Sealed Air from $55.00 to $41.00 and set an “outperform” rating for the company in a research report on Thursday, October 18th. ValuEngine upgraded shares of Sealed Air from a “sell” rating to a “hold” rating in a report on Tuesday, December 18th. Zacks Investment Research upgraded shares of Sealed Air from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Monday, January 7th. Citigroup dropped their target price on shares of Sealed Air from $47.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, October 11th. Finally, Barclays dropped their target price on shares of Sealed Air from $50.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, October 22nd.
Shares of SEE traded up $0.22 on Tuesday, hitting $37.96. 16,816 shares of the stock traded hands, compared to its average volume of 1,229,885. The company has a market capitalization of $5.92 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 1.15 and a beta of 1.11. Sealed Air has a one year low of $30.22 and a one year high of $49.57.
Sealed Air (NYSE:SEE) last announced its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. Sealed Air had a negative net margin of 0.87% and a negative return on equity of 150.20%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. As a group, equities analysts predict that Sealed Air will post 2.43 earnings per share for the current fiscal year.
In other Sealed Air news, insider Edward L. Doheny II purchased 7,500 shares of the company’s stock in a transaction dated Monday, December 17th. The shares were acquired at an average price of $33.75 per share, for a total transaction of $253,125.00. Following the purchase, the insider now directly owns 85,645 shares of the company’s stock, valued at approximately $2,890,518.75. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Emile Z. Chammas purchased 5,000 shares of the company’s stock in a transaction dated Monday, December 17th. The shares were acquired at an average price of $33.40 per share, for a total transaction of $167,000.00. Following the purchase, the senior vice president now directly owns 169,509 shares in the company, valued at $5,661,600.60. The disclosure for this purchase can be found here. Company insiders own 0.63% of the company’s stock.
Several institutional investors have recently modified their holdings of SEE. Captrust Financial Advisors boosted its stake in shares of Sealed Air by 364.0% during the 3rd quarter. Captrust Financial Advisors now owns 2,775 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 2,177 shares during the last quarter. Honkamp Krueger Financial Services Inc. purchased a new position in shares of Sealed Air during the 3rd quarter worth $140,000. Cerebellum GP LLC purchased a new position in shares of Sealed Air during the 3rd quarter worth $180,000. Ridgewood Investments LLC purchased a new position in shares of Sealed Air during the 3rd quarter worth $202,000. Finally, First Mercantile Trust Co. purchased a new position in shares of Sealed Air during the 3rd quarter worth $202,000. Institutional investors and hedge funds own 94.43% of the company’s stock.
About Sealed Air
Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. The company operates through Food Care and Product Care segments. The Food Care segment offers integrated system solutions that enhance the management of contamination risk during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes to processors, retailers, and food service operators under the Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.
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