Sealed Air Corporation (NYSE:SEE) was downgraded by Citigroup Inc. from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, Marketbeat reports. They currently have a $47.00 target price on the industrial products company’s stock, down from their previous target price of $52.00. Citigroup Inc.’s target price suggests a potential upside of 9.25% from the stock’s current price.

A number of other equities research analysts have also issued reports on SEE. Zacks Investment Research lowered shares of Sealed Air Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC cut their price target on shares of Sealed Air Corporation from $45.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, May 10th. UBS AG set a $49.00 price target on shares of Sealed Air Corporation and gave the stock a “buy” rating in a report on Wednesday, May 10th. BidaskClub lowered shares of Sealed Air Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, BMO Capital Markets reissued a “hold” rating and issued a $47.00 price target on shares of Sealed Air Corporation in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $48.55.

Shares of Sealed Air Corporation (NYSE:SEE) traded down 1.67% during trading on Thursday, reaching $43.02. The company had a trading volume of 6,942,639 shares. The firm has a 50 day moving average price of $44.46 and a 200 day moving average price of $44.64. Sealed Air Corporation has a 12 month low of $41.74 and a 12 month high of $50.62. The company has a market cap of $8.18 billion, a price-to-earnings ratio of 22.23 and a beta of 1.19.

Sealed Air Corporation (NYSE:SEE) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.01. The company had revenue of $1.07 billion during 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%. Sealed Air Corporation’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. Analysts predict that Sealed Air Corporation will post $1.82 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Citigroup Inc. Lowers Sealed Air Corporation (SEE) to Neutral” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/09/10/citigroup-inc-lowers-sealed-air-corporation-see-to-neutral.html.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Sealed Air Corporation by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 20,011,046 shares of the industrial products company’s stock valued at $895,695,000 after acquiring an additional 403,530 shares during the period. BlackRock Inc. lifted its position in Sealed Air Corporation by 2.8% during the 2nd quarter. BlackRock Inc. now owns 12,373,821 shares of the industrial products company’s stock valued at $553,853,000 after acquiring an additional 333,722 shares during the period. Janus Henderson Group PLC lifted its position in Sealed Air Corporation by 46,138.7% during the 2nd quarter. Janus Henderson Group PLC now owns 10,600,215 shares of the industrial products company’s stock valued at $474,465,000 after acquiring an additional 10,577,290 shares during the period. Janus Capital Management LLC lifted its position in Sealed Air Corporation by 9.0% during the 1st quarter. Janus Capital Management LLC now owns 10,071,664 shares of the industrial products company’s stock valued at $438,917,000 after acquiring an additional 834,754 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Sealed Air Corporation by 199.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,592,978 shares of the industrial products company’s stock valued at $205,703,000 after acquiring an additional 3,059,792 shares during the period. 92.16% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Sealed Air Corporation (NYSE:SEE)

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.