Sealed Air Corporation (NYSE:SEE) had its price target upped by research analysts at Barclays PLC from $45.00 to $46.00 in a note issued to investors on Thursday. The firm currently has an “equal weight” rating on the industrial products company’s stock. Barclays PLC’s price target would suggest a potential upside of 3.72% from the company’s current price.
Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Sealed Air Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Bank of America Corporation set a $50.00 target price on shares of Sealed Air Corporation and gave the stock a “buy” rating in a research note on Friday, October 13th. Citigroup Inc. cut shares of Sealed Air Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $52.00 to $47.00 in a research note on Thursday, September 7th. BidaskClub cut shares of Sealed Air Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, BMO Capital Markets restated a “hold” rating and issued a $47.00 target price on shares of Sealed Air Corporation in a research note on Thursday, July 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $48.75.
Shares of Sealed Air Corporation (NYSE:SEE) opened at $44.35 on Thursday. Sealed Air Corporation has a 52 week low of $41.22 and a 52 week high of $50.62. The company has a market cap of $10,296.94, a price-to-earnings ratio of 22.39, a PEG ratio of 6.25 and a beta of 1.21. The company has a quick ratio of 1.28, a current ratio of 1.70 and a debt-to-equity ratio of 4.23.
Sealed Air Corporation (NYSE:SEE) last released its earnings results on Wednesday, November 8th. The industrial products company reported $0.46 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. Sealed Air Corporation had a net margin of 20.15% and a return on equity of 67.60%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the business earned $0.41 EPS. The business’s revenue was up 6.2% on a year-over-year basis. equities research analysts expect that Sealed Air Corporation will post 1.79 earnings per share for the current fiscal year.
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In other Sealed Air Corporation news, Director Lawrence R. Codey sold 3,500 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $42.91, for a total transaction of $150,185.00. Following the completion of the transaction, the director now directly owns 38,180 shares in the company, valued at approximately $1,638,303.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.05% of the company’s stock.
Large investors have recently bought and sold shares of the business. HighTower Advisors LLC increased its holdings in Sealed Air Corporation by 10.8% during the 2nd quarter. HighTower Advisors LLC now owns 7,859 shares of the industrial products company’s stock valued at $351,000 after acquiring an additional 769 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Sealed Air Corporation by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 858,823 shares of the industrial products company’s stock valued at $38,442,000 after acquiring an additional 20,144 shares in the last quarter. Legal & General Group Plc increased its holdings in Sealed Air Corporation by 5.6% during the 2nd quarter. Legal & General Group Plc now owns 949,170 shares of the industrial products company’s stock valued at $42,485,000 after acquiring an additional 50,305 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Sealed Air Corporation by 20.4% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,479 shares of the industrial products company’s stock valued at $2,259,000 after acquiring an additional 8,547 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Sealed Air Corporation by 1,672.6% during the 2nd quarter. Victory Capital Management Inc. now owns 616,605 shares of the industrial products company’s stock valued at $27,599,000 after acquiring an additional 581,819 shares in the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.
About Sealed Air Corporation
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions.
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