Sealed Air Corporation’s (SEE) Buy Rating Reiterated at SunTrust Banks, Inc.

Sealed Air Corporation (NYSE:SEE)‘s stock had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc. in a research report issued on Friday. They currently have a $49.00 target price on the industrial products company’s stock. SunTrust Banks, Inc.’s price target would indicate a potential upside of 7.17% from the stock’s previous close. SunTrust Banks also issued estimates for Sealed Air Corporation’s FY2017 earnings at $1.77 EPS, Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.64 EPS and FY2018 earnings at $2.29 EPS.

SEE has been the subject of several other research reports. Robert W. Baird reaffirmed a “buy” rating and set a $55.00 price objective on shares of Sealed Air Corporation in a research note on Friday, September 1st. Bank of America Corporation set a $50.00 price objective on shares of Sealed Air Corporation and gave the company a “buy” rating in a research note on Friday, October 13th. BMO Capital Markets reaffirmed a “hold” rating and set a $47.00 price objective on shares of Sealed Air Corporation in a research note on Sunday, August 27th. 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. Finally, Citigroup Inc. cut shares of Sealed Air Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $52.00 to $47.00 in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Sealed Air Corporation has a consensus rating of “Hold” and a consensus target price of $48.83.

Sealed Air Corporation (NYSE:SEE) traded up $0.14 during mid-day trading on Friday, hitting $45.72. 1,469,714 shares of the stock were exchanged, compared to its average volume of 2,164,470. The stock has a market capitalization of $10,340.00, a PE ratio of 22.55, a P/E/G ratio of 6.27 and a beta of 1.21. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 4.23. Sealed Air Corporation has a twelve month low of $41.22 and a twelve month high of $50.62.

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 analysts’ consensus estimates of $0.46. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Sealed Air Corporation had a net margin of 20.15% and a return on equity of 67.60%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 earnings per share. equities research analysts expect that Sealed Air Corporation will post 1.8 earnings per share for the current year.

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In other news, Director Lawrence R. Codey sold 3,500 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $42.91, for a total value of $150,185.00. Following the completion of the sale, the director now owns 38,180 shares of the company’s stock, valued at approximately $1,638,303.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.05% of the company’s stock.

Several hedge funds have recently modified their holdings of SEE. Janus Henderson Group PLC lifted its holdings in shares of Sealed Air Corporation by 46,138.7% in the 2nd quarter. Janus Henderson Group PLC now owns 10,600,215 shares of the industrial products company’s stock worth $474,465,000 after acquiring an additional 10,577,290 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Sealed Air Corporation by 199.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,592,978 shares of the industrial products company’s stock worth $205,703,000 after acquiring an additional 3,059,792 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Sealed Air Corporation by 245.4% in the 2nd quarter. Wells Fargo & Company MN now owns 4,191,343 shares of the industrial products company’s stock worth $187,604,000 after acquiring an additional 2,977,854 shares during the last quarter. Manning & Napier Advisors LLC lifted its holdings in shares of Sealed Air Corporation by 5,650.5% in the 2nd quarter. Manning & Napier Advisors LLC now owns 2,506,945 shares of the industrial products company’s stock worth $112,209,000 after acquiring an additional 2,463,350 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Sealed Air Corporation by 91.6% in the 2nd quarter. Jennison Associates LLC now owns 3,378,121 shares of the industrial products company’s stock worth $151,205,000 after acquiring an additional 1,614,619 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Sealed Air Corporation Company Profile

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.

Analyst Recommendations for Sealed Air Corporation (NYSE:SEE)

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