Sealed Air Corporation (NYSE:SEE)‘s stock had its “buy” rating restated by equities researchers at SunTrust Banks, Inc. in a research report issued on Friday. They presently have a $48.00 price target on the industrial products company’s stock. SunTrust Banks, Inc.’s price target would indicate a potential upside of 8.23% from the company’s current price.
Several other analysts have also weighed in on SEE. Zacks Investment Research lowered shares of Sealed Air Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. BMO Capital Markets reiterated a “hold” rating and issued a $47.00 price objective on shares of Sealed Air Corporation in a research note on Thursday, July 20th. BidaskClub lowered shares of Sealed Air Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $44.00 price objective on shares of Sealed Air Corporation in a research note on Friday, August 11th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $55.00 price objective on shares of Sealed Air Corporation in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Sealed Air Corporation currently has an average rating of “Hold” and an average price target of $48.75.
Sealed Air Corporation (NYSE SEE) traded down $0.42 during trading hours on Friday, hitting $44.35. 2,340,500 shares of the stock traded hands, compared to its average volume of 2,168,431. The company has a market cap of $8,350.00, a price-to-earnings ratio of 22.39, a P/E/G ratio of 6.25 and a beta of 1.21. The company has a quick ratio of 1.28, a current ratio of 1.70 and a debt-to-equity ratio of 4.23. 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 released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Sealed Air Corporation had a net margin of 20.15% and a return on equity of 67.60%. Sealed Air Corporation’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. equities research analysts anticipate that Sealed Air Corporation will post 1.79 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Sealed Air Corporation’s (SEE) “Buy” Rating Reiterated at SunTrust Banks, Inc.” was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://stocknewstimes.com/2017/11/11/sealed-air-corporations-see-buy-rating-reiterated-at-suntrust-banks-inc.html.
In other news, Director Lawrence R. Codey sold 3,500 shares of the company’s stock in a transaction 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 in the company, valued at approximately $1,638,303.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.05% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of SEE. Fiduciary Trust Co. bought a new stake in shares of Sealed Air Corporation in the 2nd quarter worth $124,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Sealed Air Corporation in the 3rd quarter worth $140,000. Global X Management Co. LLC grew its stake in shares of Sealed Air Corporation by 23.7% in the 2nd quarter. Global X Management Co. LLC now owns 3,649 shares of the industrial products company’s stock worth $163,000 after acquiring an additional 699 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Sealed Air Corporation by 8.1% in the 2nd quarter. Pacer Advisors Inc. now owns 4,301 shares of the industrial products company’s stock worth $193,000 after acquiring an additional 322 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Sealed Air Corporation in the 2nd quarter worth $201,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.
About Sealed Air Corporation
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.
Receive News & Ratings for Sealed Air Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sealed Air Corporation and related companies with MarketBeat.com's FREE daily email newsletter.