Sealed Air (SEE) Upgraded to “Overweight” by Barclays

Sealed Air (NYSE:SEE) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a note issued to investors on Friday, MarketBeat Ratings reports. The firm presently has a $53.00 target price on the industrial products company’s stock, up from their previous target price of $46.00. Barclays’ target price would indicate a potential upside of 8.87% from the stock’s current price.

SEE has been the topic of a number of other research reports. Bank of America set a $50.00 price objective on Sealed Air and gave the stock a “buy” rating in a research note on Friday, October 13th. Robert W. Baird reissued a “buy” rating and set a $55.00 price objective on shares of Sealed Air in a research note on Friday, September 1st. BMO Capital Markets reissued a “hold” rating and set a $47.00 price objective on shares of Sealed Air in a research note on Sunday, August 27th. Zacks Investment Research lowered Sealed Air from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Citigroup lowered Sealed Air from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $52.00 to $47.00 in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $49.42.

Shares of Sealed Air (SEE) traded up $0.65 during trading hours on Friday, hitting $48.68. The stock had a trading volume of 3,977,455 shares, compared to its average volume of 2,202,715. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.70 and a quick ratio of 1.34. The firm has a market capitalization of $8,703.64, a price-to-earnings ratio of 24.13, a PEG ratio of 6.69 and a beta of 1.23. Sealed Air has a 12-month low of $41.22 and a 12-month high of $50.62.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.46. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Sealed Air had a return on equity of 67.60% and a net margin of 20.15%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. analysts forecast that Sealed Air will post 1.8 earnings per share for the current year.

In other Sealed Air news, SVP Emile Z. Chammas sold 6,000 shares of Sealed Air 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 sale, the senior vice president now owns 142,077 shares in the company, valued at $6,427,563.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence R. Codey sold 3,500 shares of Sealed Air stock in a transaction on Monday, September 18th. The shares were sold at an average price of $42.91, for a total value of $150,185.00. Following the completion of the sale, the director now owns 38,180 shares in the company, valued at approximately $1,638,303.80. The disclosure for this sale can be found here. 1.05% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Fiduciary Trust Co. purchased a new stake in shares of Sealed Air in the 2nd quarter valued at $124,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Sealed Air in the 3rd quarter valued at $140,000. Global X Management Co. LLC raised its holdings in shares of Sealed Air by 23.7% in the 2nd quarter. Global X Management Co. LLC now owns 3,649 shares of the industrial products company’s stock valued at $163,000 after buying an additional 699 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Sealed Air by 8.1% in the 2nd quarter. Pacer Advisors Inc. now owns 4,301 shares of the industrial products company’s stock valued at $193,000 after buying an additional 322 shares during the period. Finally, King Luther Capital Management Corp purchased a new stake in shares of Sealed Air in the 2nd quarter valued at $205,000. Institutional investors own 93.09% of the company’s stock.

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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.