Sealed Air (SEE) Cut to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Sealed Air (NYSE:SEE) from a hold rating to a sell rating in a research report released on Tuesday, January 9th.

According to Zacks, “Sealed Air projects sales of $4.4 billion in 2017 and adjusted EPS in the range of $1.75-$1.80. Even though restructuring actions, investments in R&D are anticipated to drive future growth, it might affect margins in the near term. Also weak volumes in Australia/New Zealand remain a concern. Moreover, Sealed Air has underperformed its industry in the past year. The company has a negative record of earnings surprises in the last few quarters. Its estimates have gone down lately. “

Several other equities research analysts also recently issued reports on SEE. Vertical Research downgraded shares of Sealed Air from a buy rating to a hold rating in a research report on Wednesday, December 20th. Royal Bank of Canada reissued a hold rating and set a $45.00 price objective on shares of Sealed Air in a research report on Wednesday, September 13th. 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 report on Thursday, September 21st. SunTrust Banks reissued a buy rating and set a $48.00 price objective on shares of Sealed Air in a research report on Friday, November 10th. Finally, Barclays reissued an equal weight rating and set a $45.00 price objective on shares of Sealed Air in a research report on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Sealed Air currently has an average rating of Hold and a consensus target price of $49.42.

Sealed Air (NYSE SEE) traded down $0.58 on Tuesday, reaching $48.28. 937,661 shares of the company’s stock traded hands, compared to its average volume of 2,148,111. 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 firm has a market capitalization of $8,780.00, a price-to-earnings ratio of 46.42, a PEG ratio of 5.11 and a beta of 1.24. Sealed Air has a 12 month low of $41.22 and a 12 month high of $50.62.

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

In other news, SVP Emile Z. Chammas sold 6,000 shares of Sealed Air stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $45.24, for a total value of $271,440.00. Following the completion of the transaction, the senior vice president now owns 142,077 shares of the company’s stock, valued at approximately $6,427,563.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO William G. Stiehl sold 3,000 shares of Sealed Air stock in a transaction dated 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 transaction, the chief financial officer now directly owns 34,797 shares of the company’s stock, valued at approximately $1,704,357.06. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Fiduciary Trust Co. bought a new position in shares of Sealed Air in the 2nd quarter valued at about $124,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Sealed Air during the 3rd quarter worth about $140,000. Pacer Advisors Inc. lifted its stake in shares of Sealed Air by 8.1% during the 2nd quarter. Pacer Advisors Inc. now owns 4,301 shares of the industrial products company’s stock worth $193,000 after buying an additional 322 shares during the last quarter. King Luther Capital Management Corp acquired a new stake in shares of Sealed Air during the 2nd quarter worth about $205,000. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of Sealed Air by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,772 shares of the industrial products company’s stock worth $213,000 after buying an additional 70 shares during the last quarter. 93.00% of the stock is owned by institutional investors.

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Sealed Air 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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