Sealed Air Corporation (NYSE:SEE)‘s stock had its “buy” rating reissued by investment analysts at SunTrust Banks, Inc. in a research report issued on Friday. They currently have a $49.00 target price on the industrial products company’s stock. SunTrust Banks, Inc.’s price target would suggest a potential upside of 7.17% from the stock’s previous close. SunTrust Banks also issued estimates for Sealed Air Corporation’s FY2017 earnings at $1.77 EPS, Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.64 EPS and FY2018 earnings at $2.29 EPS.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research raised Sealed Air Corporation from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Royal Bank Of Canada reissued a “hold” rating and set a $47.00 price target on shares of Sealed Air Corporation in a report on Thursday, November 9th. Barclays PLC boosted their price target on Sealed Air Corporation from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Bank of America Corporation set a $50.00 price target on Sealed Air Corporation and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, KeyCorp reissued a “hold” rating on shares of Sealed Air Corporation in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $48.83.
Sealed Air Corporation (SEE) traded up $0.14 during trading on Friday, hitting $45.72. The stock had a trading volume of 1,469,198 shares, compared to its average volume of 2,201,828. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.70 and a quick ratio of 1.34. Sealed Air Corporation has a 12 month low of $41.22 and a 12 month high of $50.62. The firm has a market cap of $10,515.42, a PE ratio of 22.86, a P/E/G ratio of 6.36 and a beta of 1.21.
Sealed Air Corporation (NYSE:SEE) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. Sealed Air Corporation had a return on equity of 67.60% and a net margin of 20.15%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm earned $0.41 EPS. Sealed Air Corporation’s revenue was up 6.2% on a year-over-year basis. research analysts anticipate that Sealed Air Corporation will post 1.8 earnings per share for the current year.
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In other Sealed Air Corporation news, Director Lawrence R. Codey sold 3,500 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $42.91, for a total value of $150,185.00. Following the sale, the director now owns 38,180 shares in the company, valued at approximately $1,638,303.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.05% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fiduciary Trust Co. bought a new stake in shares of Sealed Air Corporation in the 2nd quarter valued at about $124,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Sealed Air Corporation in the 3rd quarter valued at about $140,000. Global X Management Co. LLC grew its position in shares of Sealed Air Corporation 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 last quarter. Pacer Advisors Inc. grew its position in shares of Sealed Air Corporation 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 last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Sealed Air Corporation in the 2nd quarter valued at about $201,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.
Sealed Air Corporation 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.
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