Sealed Air (NYSE:SEE) was downgraded by stock analysts at Vertical Research from a “buy” rating to a “hold” rating in a report released on Friday, The Fly reports.
Other research analysts have also recently issued reports about the stock. Bank of America raised shares of Sealed Air from a “neutral” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Friday, December 14th. UBS Group set a $45.00 price target on shares of Sealed Air and gave the company a “buy” rating in a report on Friday, November 2nd. Zacks Investment Research raised shares of Sealed Air from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Monday, January 7th. Morgan Stanley assumed coverage on shares of Sealed Air in a report on Wednesday, January 16th. They issued an “equal weight” rating and a $38.00 price target on the stock. Finally, ValuEngine raised shares of 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, seven have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $43.40.
Shares of NYSE SEE traded down $1.58 during trading on Friday, reaching $42.69. 1,172,675 shares of the stock were exchanged, compared to its average volume of 1,402,222. Sealed Air has a twelve month low of $30.22 and a twelve month high of $46.21. The stock has a market cap of $6.37 billion, a P/E ratio of 23.59, a PEG ratio of 1.23 and a beta of 1.13.
Sealed Air (NYSE:SEE) last posted its earnings results on Thursday, February 7th. The industrial products company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. Sealed Air had a negative net margin of 0.87% and a negative return on equity of 150.20%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the company posted $0.58 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that Sealed Air will post 2.43 earnings per share for the current fiscal year.
In other Sealed Air news, insider Edward L. Doheny II purchased 7,500 shares of the business’s stock in a transaction on Monday, December 17th. The stock was bought at an average cost of $33.75 per share, with a total value of $253,125.00. Following the acquisition, the insider now owns 85,645 shares of the company’s stock, valued at $2,890,518.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Emile Z. Chammas purchased 5,000 shares of the business’s stock in a transaction on Monday, December 17th. The stock was acquired at an average cost of $33.40 per share, with a total value of $167,000.00. Following the completion of the acquisition, the senior vice president now directly owns 169,509 shares in the company, valued at approximately $5,661,600.60. The disclosure for this purchase can be found here. 0.63% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of SEE. Korea Investment CORP lifted its stake in Sealed Air by 305.8% during the third quarter. Korea Investment CORP now owns 430,883 shares of the industrial products company’s stock valued at $17,300,000 after buying an additional 324,700 shares in the last quarter. Rehmann Capital Advisory Group lifted its stake in Sealed Air by 3,814.1% during the third quarter. Rehmann Capital Advisory Group now owns 60,082 shares of the industrial products company’s stock valued at $1,496,000 after buying an additional 58,547 shares in the last quarter. Morgan Stanley lifted its stake in Sealed Air by 6.5% during the third quarter. Morgan Stanley now owns 390,656 shares of the industrial products company’s stock valued at $15,684,000 after buying an additional 23,837 shares in the last quarter. Bell Asset Management Ltd lifted its stake in Sealed Air by 30.9% during the fourth quarter. Bell Asset Management Ltd now owns 197,233 shares of the industrial products company’s stock valued at $6,872,000 after buying an additional 46,601 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in Sealed Air by 364.0% during the third quarter. Captrust Financial Advisors now owns 2,775 shares of the industrial products company’s stock valued at $111,000 after buying an additional 2,177 shares in the last quarter. 94.34% of the stock is owned by institutional investors.
About Sealed Air
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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