Sealed Air Corp Receives New Coverage from Analysts at BMO Capital Markets (SEE)
Equities researchers at BMO Capital Markets assumed coverage on shares of Sealed Air Corp (NYSE:SEE) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $41.00 price target on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 13.51% from the stock’s previous close.
Sealed Air Corp (NYSE:SEE) opened at 36.12 on Thursday. Sealed Air Corp has a 52-week low of $26.13 and a 52-week high of $37.20. The stock has a 50-day moving average of $34.02 and a 200-day moving average of $33.29. The company has a market cap of $7.658 billion and a P/E ratio of 39.48.
Sealed Air Corp (NYSE:SEE) last posted its quarterly 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 in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that Sealed Air Corp will post $1.69 EPS for the current fiscal year.
In other Sealed Air Corp news, SVP Emile Z. Chammas sold 20,000 shares of Sealed Air Corp stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $35.95, for a total value of $719,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Sealed Air Corp has an average rating of “Buy” and a consensus target price of $36.56.
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business.
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