Sealed Air Corporation (SEE) Rating Lowered to Sell at Zacks Investment Research

Sealed Air Corporation (NYSE:SEE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Sealed Air’s results in APAC will be impacted as the Australia /New Zealand region rebuilds cattle herds and ban on Brazil beef exports will impact Latin American volumes. The Diversey sale will be substantially dilutive to earnings as the company is now projecting earnings per share of $1.75 to $1.80 for 2017, down from the earlier guidance of $2.70 per share (pre-sale). Sealed Air generates around 33% of its total company sales from the European region. Sealed Air anticipates that the recent geopolitical events in Europe and the Middle East to have an effect on its business. Also, costs associated with various restructuring actions underway will strain margins. the company has a negative record of earnings surprise.”

Several other analysts have also weighed in on SEE. KeyCorp restated a “hold” rating on shares of Sealed Air Corporation in a report on Monday, October 2nd. BidaskClub upgraded Sealed Air Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Robert W. Baird restated a “buy” rating and set a $55.00 price target on shares of Sealed Air Corporation in a report on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and set a $44.00 price target on shares of Sealed Air Corporation in a report on Friday, August 11th. Finally, Bank of America Corporation upgraded Sealed Air Corporation from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $48.33.

Shares of Sealed Air Corporation (SEE) traded up 0.8721% on Tuesday, hitting $44.7065. 755,730 shares of the stock traded hands. Sealed Air Corporation has a 52-week low of $41.22 and a 52-week high of $50.62. The firm has a 50 day moving average price of $43.63 and a 200 day moving average price of $44.17. The firm has a market cap of $8.50 billion, a PE ratio of 23.1041 and a beta of 1.17.

Sealed Air Corporation (NYSE:SEE) last released its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company posted $0.65 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts forecast that Sealed Air Corporation will post $1.83 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Sealed Air Corporation (SEE) Rating Lowered to Sell at Zacks Investment Research” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/10/sealed-air-corporation-see-rating-lowered-to-sell-at-zacks-investment-research.html.

In other news, Director Lawrence R. Codey sold 3,500 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $42.91, for a total transaction of $150,185.00. Following the transaction, the director now owns 38,180 shares of the company’s stock, valued at approximately $1,638,303.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.05% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. UBS Asset Management Americas Inc. lifted its stake in shares of Sealed Air Corporation by 7.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 491,244 shares of the industrial products company’s stock worth $21,408,000 after purchasing an additional 35,488 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Sealed Air Corporation by 3.0% during the 1st quarter. Pacer Advisors Inc. now owns 3,979 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 116 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Sealed Air Corporation by 73.5% during the 1st quarter. Victory Capital Management Inc. now owns 34,786 shares of the industrial products company’s stock worth $1,516,000 after purchasing an additional 14,731 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Sealed Air Corporation by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 305,073 shares of the industrial products company’s stock worth $13,295,000 after purchasing an additional 8,137 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Sealed Air Corporation by 73.2% during the 1st quarter. FMR LLC now owns 1,549,870 shares of the industrial products company’s stock worth $67,543,000 after purchasing an additional 654,872 shares during the last quarter. 92.12% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Corporation Company Profile

Sealed Air Corporation is engaged in food safety and security, facility hygiene

According to Zacks, “Sealed Air’s results in APAC will be impacted as the Australia /New Zealand region rebuilds cattle herds and ban on Brazil beef exports will impact Latin American volumes. The Diversey sale will be substantially dilutive to earnings as the company is now projecting earnings per share of $1.75 to $1.80 for 2017, down from the earlier guidance of $2.70 per share (pre-sale). Sealed Air generates around 33% of its total company sales from the European region. Sealed Air anticipates that the recent geopolitical events in Europe and the Middle East to have an effect on its business. Also, costs associated with various restructuring actions underway will strain margins. the company has a negative record of earnings surprise.”

Several other analysts have also weighed in on SEE. KeyCorp restated a “hold” rating on shares of Sealed Air Corporation in a report on Monday, October 2nd. BidaskClub upgraded Sealed Air Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Robert W. Baird restated a “buy” rating and set a $55.00 price target on shares of Sealed Air Corporation in a report on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and set a $44.00 price target on shares of Sealed Air Corporation in a report on Friday, August 11th. Finally, Bank of America Corporation upgraded Sealed Air Corporation from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $48.33.

Shares of Sealed Air Corporation (SEE) traded up 0.8721% on Tuesday, hitting $44.7065. 755,730 shares of the stock traded hands. Sealed Air Corporation has a 52-week low of $41.22 and a 52-week high of $50.62. The firm has a 50 day moving average price of $43.63 and a 200 day moving average price of $44.17. The firm has a market cap of $8.50 billion, a PE ratio of 23.1041 and a beta of 1.17.

Sealed Air Corporation (NYSE:SEE) last released its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company posted $0.65 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts forecast that Sealed Air Corporation will post $1.83 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Sealed Air Corporation (SEE) Rating Lowered to Sell at Zacks Investment Research” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/10/sealed-air-corporation-see-rating-lowered-to-sell-at-zacks-investment-research.html.

In other news, Director Lawrence R. Codey sold 3,500 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $42.91, for a total transaction of $150,185.00. Following the transaction, the director now owns 38,180 shares of the company’s stock, valued at approximately $1,638,303.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.05% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. UBS Asset Management Americas Inc. lifted its stake in shares of Sealed Air Corporation by 7.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 491,244 shares of the industrial products company’s stock worth $21,408,000 after purchasing an additional 35,488 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Sealed Air Corporation by 3.0% during the 1st quarter. Pacer Advisors Inc. now owns 3,979 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 116 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Sealed Air Corporation by 73.5% during the 1st quarter. Victory Capital Management Inc. now owns 34,786 shares of the industrial products company’s stock worth $1,516,000 after purchasing an additional 14,731 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Sealed Air Corporation by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 305,073 shares of the industrial products company’s stock worth $13,295,000 after purchasing an additional 8,137 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Sealed Air Corporation by 73.2% during the 1st quarter. FMR LLC now owns 1,549,870 shares of the industrial products company’s stock worth $67,543,000 after purchasing an additional 654,872 shares during the last quarter. 92.12% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Sealed Air Corporation (NYSE:SEE)

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