Sealed Air Corp (SEE) Receives Average Recommendation of “Hold” from Analysts

Sealed Air Corp (NYSE:SEE) has received a consensus recommendation of “Hold” from the sixteen analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $49.50.

SEE has been the subject of several research analyst reports. TheStreet raised shares of Sealed Air from a “c+” rating to a “b-” rating in a report on Thursday, November 30th. Zacks Investment Research cut shares of Sealed Air from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. SunTrust Banks restated a “buy” rating and issued a $49.00 target price on shares of Sealed Air in a research report on Friday, November 17th. Barclays boosted their target price on shares of Sealed Air from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. Finally, Vertical Research cut shares of Sealed Air from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th.

Sealed Air (NYSE:SEE) traded down $1.22 during midday trading on Tuesday, hitting $43.25. The company’s stock had a trading volume of 1,216,685 shares, compared to its average volume of 2,204,073. The company has a market capitalization of $7,890.00, a PE ratio of 42.02, a P/E/G ratio of 4.81 and a beta of 1.12. Sealed Air has a 52 week low of $41.22 and a 52 week high of $50.62. 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 (NYSE:SEE) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the business earned $0.41 EPS. The company’s revenue was up 6.2% on a year-over-year basis. sell-side analysts predict that Sealed Air will post 1.8 earnings per share for the current year.

In related news, SVP Emile Z. Chammas sold 6,000 shares of the company’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 completion of the transaction, the senior vice president now directly owns 142,077 shares in the company, valued at approximately $6,427,563.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William G. Stiehl sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was 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 of the company’s stock, valued at $1,704,357.06. The disclosure for this sale can be found here. 1.05% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. increased its holdings in Sealed Air by 1.5% during 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. Sentry Investment Management LLC boosted its position in Sealed Air by 2.6% during the second quarter. Sentry Investment Management LLC now owns 6,824 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 173 shares during the period. Thrivent Financial For Lutherans boosted its position in Sealed Air by 3.9% during the second quarter. Thrivent Financial For Lutherans now owns 7,422 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 280 shares during the period. HighTower Advisors LLC boosted its position in Sealed Air by 10.8% during the second quarter. HighTower Advisors LLC now owns 7,859 shares of the industrial products company’s stock worth $351,000 after purchasing an additional 769 shares during the period. Finally, Thompson Investment Management Inc. boosted its position in Sealed Air by 2.5% during the third quarter. Thompson Investment Management Inc. now owns 50,141 shares of the industrial products company’s stock worth $2,142,000 after purchasing an additional 1,215 shares during the period. Institutional investors and hedge funds own 93.43% 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.

Analyst Recommendations for Sealed Air (NYSE:SEE)

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