Sealed Air (SEE) PT Lowered to $50.00 at JPMorgan Chase & Co.

Sealed Air (NYSE:SEE) had its price objective cut by equities research analysts at JPMorgan Chase & Co. from $52.00 to $50.00 in a note issued to investors on Monday. The firm currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 20.02% from the company’s current price.

SEE has been the subject of a number of other research reports. Barclays raised shares of Sealed Air from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $46.00 to $53.00 in a research report on Friday, December 15th. SunTrust Banks reissued a “buy” rating and issued a $48.00 price objective on shares of Sealed Air in a research report on Friday, November 10th. BMO Capital Markets reissued a “hold” rating and issued a $50.00 price objective on shares of Sealed Air in a research report on Thursday, January 25th. Bank of America set a $59.00 price objective on shares of Sealed Air and gave the company a “buy” rating in a research report on Friday. Finally, Zacks Investment Research raised shares of Sealed Air from a “sell” rating to a “hold” rating in a report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $50.31.

Sealed Air (NYSE SEE) opened at $41.66 on Monday. Sealed Air has a 12-month low of $40.76 and a 12-month high of $49.94. The company has a market cap of $7,514.90, a PE ratio of 9.94, a PEG ratio of 4.32 and a beta of 1.12. The company has a debt-to-equity ratio of 21.21, a current ratio of 1.35 and a quick ratio of 0.99.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Thursday, February 8th. The industrial products company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Sealed Air had a net margin of 17.90% and a return on equity of 74.28%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm posted $0.50 EPS. The company’s quarterly revenue was up 11.5% on a year-over-year basis. sell-side analysts expect that Sealed Air will post 2.41 earnings per share for the current year.

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

Several hedge funds have recently made changes to their positions in the stock. First Republic Investment Management Inc. boosted its holdings in Sealed Air by 7.6% in the 4th quarter. First Republic Investment Management Inc. now owns 42,363 shares of the industrial products company’s stock valued at $2,089,000 after purchasing an additional 2,975 shares during the period. Baird Financial Group Inc. boosted its holdings in Sealed Air by 6.6% in the 4th quarter. Baird Financial Group Inc. now owns 159,575 shares of the industrial products company’s stock valued at $7,867,000 after purchasing an additional 9,887 shares during the period. Stanley Laman Group Ltd. boosted its holdings in Sealed Air by 3.9% in the 4th quarter. Stanley Laman Group Ltd. now owns 104,690 shares of the industrial products company’s stock valued at $5,161,000 after purchasing an additional 3,882 shares during the period. Norinchukin Bank The boosted its holdings in Sealed Air by 98.2% in the 4th quarter. Norinchukin Bank The now owns 28,029 shares of the industrial products company’s stock valued at $1,382,000 after purchasing an additional 13,885 shares during the period. Finally, Ontario Teachers Pension Plan Board boosted its holdings in Sealed Air by 197.6% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 46,145 shares of the industrial products company’s stock valued at $2,275,000 after purchasing an additional 30,637 shares during the period. 90.31% of the stock is owned by institutional investors and hedge funds.

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About Sealed Air

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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