Sealed Air (NYSE:SEE) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Monday.
Several other analysts also recently weighed in on the company. Zacks Investment Research upgraded Sealed Air from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Monday, May 21st. UBS Group set a $52.00 price target on Sealed Air and gave the company a “buy” rating in a research note on Wednesday, May 23rd. Barclays dropped their price target on Sealed Air from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, August 9th. Finally, KeyCorp reiterated a “hold” rating on shares of Sealed Air in a research note on Thursday, August 2nd. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $49.80.
SEE stock traded up $0.39 on Monday, hitting $41.99. 1,188,800 shares of the company’s stock were exchanged, compared to its average volume of 1,941,695. Sealed Air has a 12-month low of $38.49 and a 12-month high of $49.94. The company has a debt-to-equity ratio of -8.64, a current ratio of 1.11 and a quick ratio of 0.69. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 1.75 and a beta of 1.07.
Sealed Air (NYSE:SEE) last announced its earnings results on Thursday, August 2nd. The industrial products company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.06. Sealed Air had a return on equity of 859.42% and a net margin of 14.37%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business earned $0.34 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. equities research analysts anticipate that Sealed Air will post 2.52 earnings per share for the current year.
In other news, CFO William G. Stiehl sold 3,000 shares of the business’s stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $44.01, for a total value of $132,030.00. Following the completion of the transaction, the chief financial officer now owns 42,898 shares of the company’s stock, valued at approximately $1,887,940.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jerry R. Whitaker acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was bought at an average cost of $39.81 per share, with a total value of $39,810.00. Following the acquisition, the director now owns 8,021 shares in the company, valued at $319,316.01. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 6,600 shares of company stock worth $262,654. Company insiders own 0.63% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Signition LP acquired a new position in Sealed Air in the 2nd quarter worth about $204,000. HL Financial Services LLC acquired a new position in Sealed Air in the 2nd quarter worth about $233,000. ING Groep NV acquired a new position in Sealed Air in the 1st quarter worth about $249,000. IFM Investors Pty Ltd raised its holdings in Sealed Air by 31.7% in the 2nd quarter. IFM Investors Pty Ltd now owns 7,969 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 1,916 shares during the period. Finally, Chicago Equity Partners LLC acquired a new position in Sealed Air in the 1st quarter worth about $342,000. 96.21% of the stock is owned by institutional investors and hedge funds.
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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