Bank of America Corporation Analysts Give Sealed Air Corporation (SEE) a $50.00 Price Target

Sealed Air Corporation (NYSE:SEE) received a $50.00 price objective from stock analysts at Bank of America Corporation in a report released on Friday. The brokerage presently has a “buy” rating on the industrial products company’s stock. Bank of America Corporation’s target price points to a potential upside of 13.28% from the stock’s previous close.

Several other brokerages have also recently commented on SEE. Zacks Investment Research cut shares of Sealed Air Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. Robert W. Baird reaffirmed a “buy” rating and set a $55.00 price target on shares of Sealed Air Corporation in a research report on Friday, September 1st. BidaskClub raised shares of Sealed Air Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. BMO Capital Markets reaffirmed a “hold” rating and set a $47.00 price target on shares of Sealed Air Corporation in a research report on Thursday, July 20th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $44.00 price target on shares of Sealed Air Corporation in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $48.50.

Shares of Sealed Air Corporation (SEE) traded up 1.235% during mid-day trading on Friday, reaching $44.685. The company’s stock had a trading volume of 883,978 shares. The firm has a market capitalization of $8.49 billion, a PE ratio of 23.093 and a beta of 1.17. 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 of $43.55 and a 200-day moving average of $44.17.

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

ILLEGAL ACTIVITY WARNING: This news story was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/13/sealed-air-corporation-see-price-target-raised-to-50-00.html.

In other Sealed Air Corporation news, Director Lawrence R. Codey sold 3,500 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $42.91, for a total value of $150,185.00. Following the transaction, the director now owns 38,180 shares of the company’s stock, valued at $1,638,303.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.05% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc lifted its holdings in Sealed Air Corporation by 5.6% in the second quarter. Legal & General Group Plc now owns 949,170 shares of the industrial products company’s stock worth $42,485,000 after acquiring an additional 50,305 shares during the last quarter. Morgan Stanley lifted its holdings in Sealed Air Corporation by 47.7% in the first quarter. Morgan Stanley now owns 571,285 shares of the industrial products company’s stock worth $24,896,000 after acquiring an additional 184,503 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Sealed Air Corporation by 20.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,479 shares of the industrial products company’s stock worth $2,259,000 after acquiring an additional 8,547 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Sealed Air Corporation by 1,672.6% in the second quarter. Victory Capital Management Inc. now owns 616,605 shares of the industrial products company’s stock worth $27,599,000 after acquiring an additional 581,819 shares during the last quarter. Finally, Global

Several other brokerages have also recently commented on SEE. Zacks Investment Research cut shares of Sealed Air Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. Robert W. Baird reaffirmed a “buy” rating and set a $55.00 price target on shares of Sealed Air Corporation in a research report on Friday, September 1st. BidaskClub raised shares of Sealed Air Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. BMO Capital Markets reaffirmed a “hold” rating and set a $47.00 price target on shares of Sealed Air Corporation in a research report on Thursday, July 20th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $44.00 price target on shares of Sealed Air Corporation in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $48.50.

Shares of Sealed Air Corporation (SEE) traded up 1.235% during mid-day trading on Friday, reaching $44.685. The company’s stock had a trading volume of 883,978 shares. The firm has a market capitalization of $8.49 billion, a PE ratio of 23.093 and a beta of 1.17. 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 of $43.55 and a 200-day moving average of $44.17.

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

ILLEGAL ACTIVITY WARNING: This news story was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/13/sealed-air-corporation-see-price-target-raised-to-50-00.html.

In other Sealed Air Corporation news, Director Lawrence R. Codey sold 3,500 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $42.91, for a total value of $150,185.00. Following the transaction, the director now owns 38,180 shares of the company’s stock, valued at $1,638,303.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.05% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc lifted its holdings in Sealed Air Corporation by 5.6% in the second quarter. Legal & General Group Plc now owns 949,170 shares of the industrial products company’s stock worth $42,485,000 after acquiring an additional 50,305 shares during the last quarter. Morgan Stanley lifted its holdings in Sealed Air Corporation by 47.7% in the first quarter. Morgan Stanley now owns 571,285 shares of the industrial products company’s stock worth $24,896,000 after acquiring an additional 184,503 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Sealed Air Corporation by 20.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,479 shares of the industrial products company’s stock worth $2,259,000 after acquiring an additional 8,547 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Sealed Air Corporation by 1,672.6% in the second quarter. Victory Capital Management Inc. now owns 616,605 shares of the industrial products company’s stock worth $27,599,000 after acquiring an additional 581,819 shares during the last quarter. Finally, Global X Management Co. LLC lifted its holdings in Sealed Air Corporation by 30.4% in the first quarter. Global X Management Co. LLC now owns 2,950 shares of the industrial products company’s stock worth $129,000 after acquiring an additional 687 shares during the last quarter. 92.12% of the stock is currently owned by hedge funds and other institutional investors.

About Sealed Air Corporation

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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