Citigroup Lowers Sealed Air (SEE) Price Target to $46.00

Sealed Air (NYSE:SEE) had its target price decreased by stock analysts at Citigroup from $50.00 to $46.00 in a research note issued on Friday. The firm presently has a “neutral” rating on the industrial products company’s stock. Citigroup’s price objective suggests a potential upside of 10.42% from the company’s current price.

SEE has been the subject of a number of other reports. Bank of America set a $50.00 price objective on shares of Sealed Air and gave the stock a “buy” rating in a research report on Friday, October 13th. TheStreet raised shares of Sealed Air from a “c+” rating to a “b-” rating in a research report on Thursday, November 30th. SunTrust Banks reaffirmed a “buy” rating and set a $49.00 price objective on shares of Sealed Air in a research report on Friday, November 17th. Zacks Investment Research raised shares of Sealed Air from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Finally, Barclays raised shares of Sealed Air from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $46.00 to $53.00 in a research report on Friday, December 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Sealed Air presently has a consensus rating of “Hold” and an average price target of $50.33.

Sealed Air (SEE) traded down $0.96 during mid-day trading on Friday, reaching $41.66. 4,418,923 shares of the company’s stock were exchanged, compared to its average volume of 2,533,884. The company has a debt-to-equity ratio of 21.21, a quick ratio of 1.34 and a current ratio of 1.35. Sealed Air has a 1 year low of $40.76 and a 1 year high of $49.94. The company has a market capitalization of $7,688.07, a PE ratio of 9.94, a price-to-earnings-growth ratio of 4.32 and a beta of 1.12.

Sealed Air (NYSE:SEE) last released its quarterly earnings data on Thursday, February 8th. The industrial products company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.01. Sealed Air had a net margin of 17.90% and a return on equity of 74.28%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the business posted $0.50 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. research analysts expect that Sealed Air will post 2.47 EPS for the current fiscal year.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Massey Quick Simon & CO. LLC bought a new stake in Sealed Air during the third quarter worth about $140,000. SeaCrest Wealth Management LLC bought a new stake in Sealed Air during the fourth quarter worth about $171,000. Beck Mack & Oliver LLC bought a new stake in Sealed Air during the fourth quarter worth about $207,000. Ameritas Investment Partners Inc. lifted its position in Sealed Air by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 4,772 shares of the industrial products company’s stock worth $213,000 after purchasing an additional 70 shares during the period. Finally, MHI Funds LLC bought a new stake in Sealed Air during the fourth quarter worth about $216,000. 93.43% of the stock is 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.

Analyst Recommendations for Sealed Air (NYSE:SEE)

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