Sealed Air Corp (SEE) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Sealed Air Corp (NYSE:SEE) have received a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $49.18.

SEE has been the topic of a number of recent research reports. TheStreet raised Sealed Air from a “c+” rating to a “b-” rating in a report on Thursday, November 30th. Zacks Investment Research cut Sealed Air from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. SunTrust Banks reaffirmed a “buy” rating and issued a $49.00 target price on shares of Sealed Air in a report on Friday, November 17th. Jefferies Group reiterated a “hold” rating and issued a $44.00 price target on shares of Sealed Air in a research note on Thursday, September 14th. Finally, Barclays reiterated an “equal weight” rating and issued a $45.00 price target on shares of Sealed Air in a research note on Tuesday, September 19th.

Shares of Sealed Air (NYSE:SEE) traded down $0.01 during trading on Friday, reaching $48.65. The company had a trading volume of 2,760,000 shares, compared to its average volume of 2,154,012. Sealed Air has a one year low of $41.22 and a one year high of $50.62. The company has a market cap of $8,810.00, a PE ratio of 46.78, a P/E/G ratio of 5.17 and a beta of 1.24. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 4.23.

Sealed Air (NYSE:SEE) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $0.46 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.46. Sealed Air had a return on equity of 67.60% and a net margin of 20.15%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm earned $0.41 EPS. Sealed Air’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities research analysts anticipate that Sealed Air will post 1.8 EPS for the current fiscal year.

In other news, SVP Emile Z. Chammas sold 6,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was 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 owns 142,077 shares in the company, valued at $6,427,563.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO William G. Stiehl sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $48.98, for a total value of $146,940.00. Following the transaction, the chief financial officer now owns 34,797 shares of the company’s stock, valued at approximately $1,704,357.06. The disclosure for this sale can be found here. Corporate insiders own 1.05% of the company’s stock.

Several institutional investors have recently modified their holdings of SEE. Janus Henderson Group PLC grew its position in shares of Sealed Air by 46,138.7% during the second quarter. Janus Henderson Group PLC now owns 10,600,215 shares of the industrial products company’s stock valued at $474,465,000 after purchasing an additional 10,577,290 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Sealed Air by 199.6% during the second quarter. Ameriprise Financial Inc. now owns 4,592,978 shares of the industrial products company’s stock valued at $205,703,000 after purchasing an additional 3,059,792 shares in the last quarter. Balyasny Asset Management LLC grew its position in shares of Sealed Air by 1,550.8% during the second quarter. Balyasny Asset Management LLC now owns 877,558 shares of the industrial products company’s stock valued at $39,279,000 after purchasing an additional 824,400 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Sealed Air by 2.1% during the second quarter. Vanguard Group Inc. now owns 20,011,046 shares of the industrial products company’s stock valued at $895,695,000 after purchasing an additional 403,530 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Sealed Air by 2.8% during the second quarter. BlackRock Inc. now owns 12,373,821 shares of the industrial products company’s stock valued at $553,853,000 after purchasing an additional 333,722 shares in the last quarter. Hedge funds and other institutional investors own 92.93% 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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