Sealed Air (SEE) Upgraded to “Buy” by Vertical Research

Sealed Air (NYSE:SEE) was upgraded by Vertical Research from a “hold” rating to a “buy” rating in a research note issued on Monday.

A number of other equities research analysts have also recently weighed in on the company. Royal Bank of Canada restated a “hold” rating and issued a $47.00 price target on shares of Sealed Air in a report on Thursday, November 9th. Zacks Investment Research cut Sealed Air from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Barclays upgraded Sealed Air from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $46.00 to $53.00 in a report on Friday, December 15th. SunTrust Banks restated a “buy” rating and issued a $49.00 price target on shares of Sealed Air in a report on Friday, November 17th. Finally, TheStreet upgraded Sealed Air from a “c+” rating to a “b-” rating in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $50.31.

Sealed Air (NYSE SEE) traded up $0.86 on Monday, hitting $42.52. The company had a trading volume of 6,423,789 shares, compared to its average volume of 2,715,575. The firm has a market cap of $7,514.90, a PE ratio of 10.15, a P/E/G ratio of 4.32 and a beta of 1.12. The company has a current ratio of 1.35, a quick ratio of 0.99 and a debt-to-equity ratio of 21.21. Sealed Air has a 1-year low of $40.76 and a 1-year high of $49.94.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Thursday, February 8th. The industrial products company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Sealed Air had a return on equity of 74.28% and a net margin of 17.90%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 EPS. equities analysts expect that Sealed Air will post 2.41 earnings per share for the current fiscal year.

In other Sealed Air news, CFO William G. Stiehl sold 3,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $48.98, for a total transaction 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 SEC, which is available at the SEC website. 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. 1.05% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Massey Quick Simon & CO. LLC purchased a new position in shares of Sealed Air during the 3rd quarter worth $140,000. SeaCrest Wealth Management LLC purchased a new position in shares of Sealed Air during the 4th quarter worth $171,000. Beck Mack & Oliver LLC purchased a new position in shares of Sealed Air during the 4th quarter worth $207,000. King Luther Capital Management Corp purchased a new position in shares of Sealed Air during the 4th quarter worth $211,000. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of Sealed Air by 1.5% during the 2nd 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. 90.31% of the stock is currently owned by institutional investors.

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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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