Sealed Air Corporation (NYSE:SEE)‘s stock had its “buy” rating reiterated by investment analysts at SunTrust Banks, Inc. in a report issued on Friday, November 10th. They presently have a $48.00 price objective on the industrial products company’s stock. SunTrust Banks, Inc.’s price target suggests a potential upside of 5.94% from the company’s current price.
Several other equities research analysts also recently weighed in on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $55.00 target price on shares of Sealed Air Corporation in a research note on Friday, September 1st. Bank of America Corporation raised shares of Sealed Air Corporation from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Thursday, September 21st. Barclays PLC reissued an “equal weight” rating and issued a $45.00 price objective on shares of Sealed Air Corporation in a research report on Tuesday, September 19th. BidaskClub downgraded shares of Sealed Air Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $47.00 price objective on shares of Sealed Air Corporation in a research report on Thursday, July 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.83.
Sealed Air Corporation (NYSE SEE) traded up $0.17 during trading hours on Friday, reaching $45.31. 1,597,700 shares of the company’s stock traded hands, compared to its average volume of 2,161,729. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 4.23. The firm has a market cap of $10,382.04, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 6.28 and a beta of 1.21. Sealed Air Corporation has a 12 month low of $41.22 and a 12 month high of $50.62.
Sealed Air Corporation (NYSE:SEE) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share for the quarter, meeting the 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 for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $0.41 EPS. Sealed Air Corporation’s revenue was up 6.2% on a year-over-year basis. sell-side analysts anticipate that Sealed Air Corporation will post 1.8 EPS for the current year.
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In other news, SVP Emile Z. Chammas sold 6,000 shares of the business’s stock in a transaction 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 transaction, the senior vice president now directly owns 142,077 shares of the company’s stock, valued at $6,427,563.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lawrence R. Codey sold 3,500 shares of Sealed Air Corporation stock in a transaction on Monday, September 18th. The stock was sold at an average price of $42.91, for a total transaction 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 disclosure for this sale can be found here. 1.05% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Fiduciary Trust Co. bought a new position in shares of Sealed Air Corporation during the second quarter worth about $124,000. Massey Quick Simon & CO. LLC acquired a new stake in Sealed Air Corporation in the third quarter worth about $140,000. Global X Management Co. LLC lifted its holdings in Sealed Air Corporation by 23.7% in the second quarter. Global X Management Co. LLC now owns 3,649 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 699 shares during the period. Pacer Advisors Inc. lifted its holdings in Sealed Air Corporation by 8.1% in the second quarter. Pacer Advisors Inc. now owns 4,301 shares of the industrial products company’s stock worth $193,000 after purchasing an additional 322 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Sealed Air Corporation in the 2nd quarter valued at about $201,000. Hedge funds and other institutional investors own 75.41% 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.
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