Sealed Air Corp (SEE) Receives Consensus Rating of “Hold” from Brokerages

Shares of Sealed Air Corp (NYSE:SEE) have received a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $49.18.

SEE has been the subject of several analyst reports. Jefferies Group reissued a “hold” rating and issued a $44.00 price objective on shares of Sealed Air in a research note on Thursday, September 14th. Barclays reissued an “equal weight” rating and issued a $45.00 price objective on shares of Sealed Air in a research note on Tuesday, September 19th. Bank of America raised shares of Sealed Air from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Thursday, September 21st. KeyCorp reissued a “hold” rating on shares of Sealed Air in a research note on Monday, October 2nd. Finally, Zacks Investment Research downgraded shares of Sealed Air from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th.

Shares of Sealed Air (NYSE SEE) traded down $0.01 during midday trading on Friday, reaching $48.65. 2,760,000 shares of the company’s stock traded hands, compared to its average volume of 2,154,012. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 4.23. The company has a market capitalization of $8,810.00, a P/E ratio of 46.78, a P/E/G ratio of 5.17 and a beta of 1.24. Sealed Air has a twelve month low of $41.22 and a twelve month high of $50.62.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. research analysts predict that Sealed Air will post 1.8 earnings per share for the current fiscal year.

In other news, CFO William G. Stiehl sold 3,000 shares of Sealed Air stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $48.98, for a total transaction of $146,940.00. Following the completion of the sale, the chief financial officer now owns 34,797 shares of the company’s stock, valued at $1,704,357.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Emile Z. Chammas sold 6,000 shares of Sealed Air stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $45.24, for a total transaction of $271,440.00. Following the sale, the senior vice president now directly owns 142,077 shares of the company’s stock, valued at approximately $6,427,563.48. The disclosure for this sale can be found here. Insiders own 1.05% of the company’s stock.

Several institutional investors have recently bought and sold shares of SEE. Vanguard Group Inc. raised its stake in Sealed Air by 2.1% in the second quarter. Vanguard Group Inc. now owns 20,011,046 shares of the industrial products company’s stock worth $895,695,000 after buying an additional 403,530 shares in the last quarter. BlackRock Inc. raised its stake in Sealed Air by 2.8% in the second quarter. BlackRock Inc. now owns 12,373,821 shares of the industrial products company’s stock worth $553,853,000 after buying an additional 333,722 shares in the last quarter. Janus Henderson Group PLC raised its stake in Sealed Air by 46,138.7% in the second quarter. Janus Henderson Group PLC now owns 10,600,215 shares of the industrial products company’s stock worth $474,465,000 after buying an additional 10,577,290 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Sealed Air by 10.6% in the third quarter. Ameriprise Financial Inc. now owns 5,078,212 shares of the industrial products company’s stock worth $216,347,000 after buying an additional 485,234 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Sealed Air by 4.7% in the third quarter. Wells Fargo & Company MN now owns 4,387,183 shares of the industrial products company’s stock worth $187,420,000 after buying an additional 195,840 shares in the last quarter. 92.93% of the stock is owned by hedge funds and other institutional investors.

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About Sealed Air

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 (NYSE:SEE)

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