Sealed Air (NYSE:SEE) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.
SEE has been the subject of a number of other reports. Barclays lowered their price objective on Sealed Air from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, August 9th. UBS Group set a $47.00 price objective on Sealed Air and gave the stock a “buy” rating in a research report on Thursday. KeyCorp restated a “hold” rating on shares of Sealed Air in a research report on Thursday, August 2nd. Zacks Investment Research downgraded Sealed Air from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Finally, Bank of America downgraded Sealed Air from a “buy” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Sealed Air has a consensus rating of “Hold” and an average target price of $47.09.
Sealed Air stock traded down $2.93 during trading hours on Thursday, hitting $32.35. The stock had a trading volume of 7,577,200 shares, compared to its average volume of 1,978,486. Sealed Air has a one year low of $31.50 and a one year high of $49.94. The company has a current ratio of 1.11, a quick ratio of 0.69 and a debt-to-equity ratio of -8.64. The company has a market capitalization of $6.38 billion, a PE ratio of 17.87, a P/E/G ratio of 1.72 and a beta of 1.10.
Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned $0.34 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. As a group, analysts predict that Sealed Air will post 2.52 earnings per share for the current fiscal year.
In other Sealed Air news, Director Jerry R. Whitaker bought 1,000 shares of the stock in a transaction on Tuesday, August 14th. The stock was acquired at an average cost of $39.81 per share, for a total transaction of $39,810.00. Following the completion of the acquisition, the director now owns 8,021 shares in the company, valued at approximately $319,316.01. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward L. Doheny II bought 5,000 shares of the stock in a transaction on Monday, August 13th. The stock was acquired at an average price of $39.65 per share, with a total value of $198,250.00. Following the completion of the acquisition, the insider now owns 78,145 shares of the company’s stock, valued at approximately $3,098,449.25. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 6,600 shares of company stock valued at $262,654. 0.63% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of SEE. Dimensional Fund Advisors LP increased its holdings in Sealed Air by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 899,866 shares of the industrial products company’s stock worth $38,505,000 after purchasing an additional 4,119 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Sealed Air by 8.1% in the first quarter. Russell Investments Group Ltd. now owns 53,168 shares of the industrial products company’s stock valued at $2,267,000 after acquiring an additional 4,002 shares during the period. Principal Financial Group Inc. grew its stake in Sealed Air by 5.1% in the first quarter. Principal Financial Group Inc. now owns 396,802 shares of the industrial products company’s stock valued at $16,980,000 after acquiring an additional 19,220 shares during the period. LPL Financial LLC grew its stake in Sealed Air by 71.8% in the first quarter. LPL Financial LLC now owns 10,508 shares of the industrial products company’s stock valued at $450,000 after acquiring an additional 4,391 shares during the period. Finally, WINTON GROUP Ltd grew its stake in Sealed Air by 8.7% in the first quarter. WINTON GROUP Ltd now owns 80,295 shares of the industrial products company’s stock valued at $3,436,000 after acquiring an additional 6,407 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.
Sealed Air Company Profile
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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