Sealed Air Corporation (NYSE:SEE)‘s stock had its “hold” rating restated by research analysts at BMO Capital Markets in a report released on Thursday, July 20th. They currently have a $47.00 price objective on the industrial products company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 4.56% from the company’s previous close.
SEE has been the topic of a number of other research reports. UBS AG set a $49.00 price target on Sealed Air Corporation and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Robert W. Baird reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Sealed Air Corporation in a research note on Tuesday, June 13th. Royal Bank Of Canada lowered Sealed Air Corporation from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $52.00 to $44.00 in a research note on Thursday, May 11th. They noted that the move was a valuation call. Zacks Investment Research raised Sealed Air Corporation from a “strong sell” rating to a “hold” rating and set a $52.00 price target on the stock in a research note on Wednesday, July 12th. Finally, BidaskClub raised Sealed Air Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Sealed Air Corporation has a consensus rating of “Hold” and an average target price of $49.27.
Sealed Air Corporation (NYSE:SEE) opened at 44.95 on Thursday. The firm has a market capitalization of $8.54 billion, a P/E ratio of 23.23 and a beta of 1.16. Sealed Air Corporation has a 12 month low of $41.74 and a 12 month high of $50.62. The stock’s 50 day moving average price is $44.91 and its 200-day moving average price is $45.07.
Sealed Air Corporation (NYSE:SEE) last posted its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.01. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. Equities analysts forecast that Sealed Air Corporation will post $1.83 earnings per share for the current year.
In related news, CAO William G. Stiehl sold 3,000 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $43.43, for a total transaction of $130,290.00. Following the completion of the sale, the chief accounting officer now owns 37,797 shares in the company, valued at $1,641,523.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.86% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of SEE. Assetmark Inc. boosted its position in Sealed Air Corporation by 1.0% in the first quarter. Assetmark Inc. now owns 2,444 shares of the industrial products company’s stock valued at $107,000 after buying an additional 25 shares in the last quarter. TrimTabs Asset Management LLC acquired a new position in Sealed Air Corporation during the first quarter valued at $109,000. Fiduciary Trust Co. acquired a new position in Sealed Air Corporation during the second quarter valued at $124,000. Global X Management Co. LLC boosted its position in Sealed Air Corporation by 30.4% in the first quarter. Global X Management Co. LLC now owns 2,950 shares of the industrial products company’s stock valued at $129,000 after buying an additional 687 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in Sealed Air Corporation by 19.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,571 shares of the industrial products company’s stock valued at $163,000 after buying an additional 578 shares in the last quarter. 90.70% of the stock is currently owned by institutional investors and hedge funds.
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, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing a range of integrated system solutions.
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