Sealed Air Corp SVP Emile Z. Chammas Sells 20,000 Shares (SEE)
Sealed Air Corp (NYSE:SEE) SVP Emile Z. Chammas sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $35.95, for a total transaction of $719,000.00. Following the transaction, the senior vice president now directly owns 75,169 shares of the company’s stock, valued at approximately $2,702,326. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Sealed Air Corp (NYSE:SEE) traded down 0.28% on Thursday, hitting $35.81. The stock had a trading volume of 702,356 shares. Sealed Air Corp has a 52-week low of $26.13 and a 52-week high of $37.20. The stock’s 50-day moving average is $33.68 and its 200-day moving average is $33.17. The company has a market cap of $7.593 billion and a P/E ratio of 39.25.
Sealed Air Corp (NYSE:SEE) last announced its earnings results on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.03. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the company posted $0.35 earnings per share. Sealed Air Corp’s revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that Sealed Air Corp will post $1.69 earnings per share for the current fiscal year.
A number of research firms have recently commented on SEE. Analysts at Zacks reiterated a “neutral” rating on shares of Sealed Air Corp in a research note on Friday, August 22nd. They now have a $38.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Sealed Air Corp in a research note on Tuesday, August 5th. They now have a $33.00 price target on the stock, down previously from $35.00. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Sealed Air Corp in a research note on Thursday, July 31st. They now have a $40.00 price target on the stock, up previously from $38.00. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $36.00.
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business.
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