Sealed Air (NYSE:SEE) Downgraded by Vertical Research to “Hold”

Sealed Air (NYSE:SEE) was downgraded by analysts at Vertical Research from a “buy” rating to a “hold” rating in a report released on Wednesday, December 20th, The Fly reports.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank of Canada reissued a “hold” rating and set a $47.00 price objective on shares of Sealed Air in a research report on Thursday, November 9th. Bank of America set a $50.00 target price on shares of Sealed Air and gave the stock a “buy” rating in a report on Friday, October 13th. Zacks Investment Research downgraded shares of Sealed Air from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Citigroup downgraded shares of Sealed Air from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $52.00 to $47.00 in a report on Thursday, September 7th. Finally, SunTrust Banks reissued a “buy” rating and set a $49.00 price objective on shares of Sealed Air in a report on Friday, November 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Sealed Air has a consensus rating of “Hold” and a consensus price target of $49.42.

Shares of Sealed Air (SEE) traded up $0.21 during midday trading on Wednesday, reaching $48.86. 2,100,967 shares of the company were exchanged, compared to its average volume of 2,013,126. The stock has a market cap of $8,775.80, a price-to-earnings ratio of 9.31, a P/E/G ratio of 5.09 and a beta of 1.24. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.34 and a current ratio of 1.70. Sealed Air has a 52 week low of $41.22 and a 52 week high of $50.62.

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

In other news, SVP Emile Z. Chammas sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $45.24, for a total transaction of $271,440.00. Following the transaction, the senior vice president now directly owns 142,077 shares of the company’s stock, valued at $6,427,563.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO William G. Stiehl sold 3,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were 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 in the company, valued at $1,704,357.06. The disclosure for this sale can be found here. Company insiders own 1.05% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in SEE. Alps Advisors Inc. raised its holdings in shares of Sealed Air by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,524 shares of the industrial products company’s stock worth $471,000 after buying an additional 27 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Sealed Air by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 4,772 shares of the industrial products company’s stock worth $213,000 after buying an additional 70 shares during the last quarter. Ray Gerald L & Associates Ltd. raised its holdings in shares of Sealed Air by 1.2% in the second quarter. Ray Gerald L & Associates Ltd. now owns 9,513 shares of the industrial products company’s stock worth $426,000 after buying an additional 113 shares during the last quarter. Sentry Investment Management LLC raised its holdings in shares of Sealed Air by 2.6% in the second quarter. Sentry Investment Management LLC now owns 6,824 shares of the industrial products company’s stock worth $305,000 after buying an additional 173 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Sealed Air by 1.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,548 shares of the industrial products company’s stock worth $651,000 after buying an additional 196 shares during the last quarter. Institutional investors own 92.93% of the company’s stock.

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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.

The Fly

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