Sealed Air (NYSE:SEE) was downgraded by Goldman Sachs Group to a “neutral” rating in a research note issued on Friday, The Fly reports. The analysts noted that the move was a valuation call.
SEE has been the topic of a number of other reports. Citigroup dropped their price target on Sealed Air from $47.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, October 11th. Morgan Stanley initiated coverage on Sealed Air in a report on Wednesday, January 16th. They set an “equal weight” rating and a $38.00 price target on the stock. ValuEngine upgraded Sealed Air from a “sell” rating to a “hold” rating in a report on Tuesday, December 18th. UBS Group set a $45.00 price target on Sealed Air and gave the stock a “buy” rating in a report on Friday, November 2nd. Finally, Zacks Investment Research upgraded Sealed Air from a “sell” rating to a “hold” rating in a report on Tuesday, December 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $42.50.
Shares of Sealed Air stock opened at $44.27 on Friday. Sealed Air has a 52 week low of $30.22 and a 52 week high of $46.21. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 1.23 and a beta of 1.13.
Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Thursday, February 7th. The industrial products company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.08. Sealed Air had a negative return on equity of 150.20% and a negative net margin of 0.87%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the firm posted $0.58 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts expect that Sealed Air will post 2.43 EPS for the current fiscal year.
In other news, SVP Emile Z. Chammas bought 5,000 shares of the stock in a transaction on Monday, December 17th. The shares were purchased at an average cost of $33.40 per share, for a total transaction of $167,000.00. Following the completion of the purchase, the senior vice president now directly owns 169,509 shares in the company, valued at approximately $5,661,600.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Edward L. Doheny II bought 7,500 shares of the stock in a transaction on Monday, December 17th. The stock was purchased at an average price of $33.75 per share, for a total transaction of $253,125.00. Following the completion of the purchase, the insider now owns 85,645 shares of the company’s stock, valued at $2,890,518.75. The disclosure for this purchase can be found here. Insiders own 0.63% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Essex Savings Bank bought a new stake in shares of Sealed Air in the fourth quarter valued at $35,000. Massey Quick Simon & CO. LLC raised its stake in shares of Sealed Air by 50.0% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 2,311 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 770 shares during the period. Captrust Financial Advisors raised its stake in shares of Sealed Air by 364.0% during the 3rd quarter. Captrust Financial Advisors now owns 2,775 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 2,177 shares during the period. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Sealed Air during the 3rd quarter valued at $140,000. Finally, First Mercantile Trust Co. bought a new stake in shares of Sealed Air during the 3rd quarter valued at $202,000. Hedge funds and other institutional investors own 94.34% of the company’s stock.
Sealed Air Company Profile
Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. The company operates through Food Care and Product Care segments. The Food Care segment offers integrated system solutions that enhance the management of contamination risk during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes to processors, retailers, and food service operators under the Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.
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