Zacks Investment Research Upgrades Sealed Air (SEE) to “Hold”

Sealed Air (NYSE:SEE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “Sealed Air projects sales of $4.4 billion in 2017 and adjusted EPS in the range of $1.75-$1.80. The Diversey sale is expected to help focus on the Food Care and Product Care divisions. The acquisitions of Deltaplam and Fagerdala will likely expand the company's geographic presence. Even though restructuring actions, investments in R&D are anticipated to drive future growth, it might affect margins in the near term. Also weak volumes in Australia/New Zealand remain a concern. Moreover, Sealed Air has underperformed its industry in the past year. However, the company is expected to gain from enhanced demand for core product portfolio, recently-introduced innovations, growth in the global protein market and e-Commerce.”

Several other research firms have also weighed in on SEE. TheStreet upgraded Sealed Air from a “c+” rating to a “b-” rating in a report on Thursday, November 30th. SunTrust Banks reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Sealed Air in a research report on Friday, November 17th. Bank of America raised Sealed Air from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Thursday, September 21st. Barclays upped their price objective on Sealed Air from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. Finally, Vertical Research downgraded Sealed Air from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $49.42.

Sealed Air (SEE) traded up $0.24 during trading hours on Friday, reaching $48.74. The company had a trading volume of 1,658,200 shares, compared to its average volume of 2,116,183. Sealed Air has a one year low of $41.22 and a one year high of $50.62. The stock has a market cap of $8,748.74, a price-to-earnings ratio of 9.28, a PEG ratio of 5.07 and a beta of 1.24. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 4.23.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. Sealed Air had a return on equity of 67.60% and a net margin of 20.15%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm posted $0.41 EPS. Sealed Air’s quarterly revenue was up 6.2% compared to the same quarter last year. analysts anticipate that Sealed Air will post 1.8 earnings per share for the current fiscal year.

In other Sealed Air news, CFO William G. Stiehl sold 3,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $48.98, for a total value of $146,940.00. Following the transaction, the chief financial officer now owns 34,797 shares of the company’s stock, valued at approximately $1,704,357.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Emile Z. Chammas sold 6,000 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $45.24, for a total value of $271,440.00. Following the transaction, the senior vice president now directly owns 142,077 shares in the company, valued at approximately $6,427,563.48. The disclosure for this sale can be found here. Corporate insiders own 1.05% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue grew its position in shares of Sealed Air by 64.1% during the 4th quarter. State of Alaska Department of Revenue now owns 34,217 shares of the industrial products company’s stock worth $1,685,000 after buying an additional 13,360 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Sealed Air by 3,141,200.0% during the 4th quarter. Acadian Asset Management LLC now owns 31,413 shares of the industrial products company’s stock worth $1,548,000 after buying an additional 31,412 shares in the last quarter. Creative Planning grew its position in shares of Sealed Air by 11.6% during the 4th quarter. Creative Planning now owns 12,717 shares of the industrial products company’s stock worth $627,000 after buying an additional 1,317 shares in the last quarter. CWM LLC boosted its position in Sealed Air by 57,512.7% during the fourth quarter. CWM LLC now owns 63,374 shares of the industrial products company’s stock valued at $3,124,000 after purchasing an additional 63,264 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in Sealed Air by 8.1% during the third quarter. Parametric Portfolio Associates LLC now owns 338,547 shares of the industrial products company’s stock valued at $14,463,000 after purchasing an additional 25,325 shares in the last quarter. 93.00% of the stock is currently owned by institutional investors and hedge funds.

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Sealed Air 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 (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.

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