Sealed Air Corp. (NYSE:SEE)’s share price was down 3.8% during trading on Thursday . The company traded as low as $47.18 and last traded at $47.26, with a volume of 2,261,516 shares. The stock had previously closed at $49.12.

Several brokerages have recently issued reports on SEE. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $63.00 price target on shares of Sealed Air Corp. in a research note on Friday, April 22nd. Citigroup Inc. raised Sealed Air Corp. from a “neutral” rating to a “buy” rating and upped their price target for the company from $54.00 to $56.00 in a research note on Friday, July 15th. Zacks Investment Research raised Sealed Air Corp. from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Tuesday, April 19th. Jefferies Group reaffirmed a “hold” rating and set a $45.00 price target on shares of Sealed Air Corp. in a research note on Tuesday, May 31st. Finally, SunTrust Banks Inc. began coverage on Sealed Air Corp. in a research note on Tuesday, July 12th. They set a “buy” rating and a $54.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $53.82.

The company has a market capitalization of $9.23 billion and a price-to-earnings ratio of 26.90. The company’s 50 day moving average price is $47.27 and its 200-day moving average price is $46.28.

Sealed Air Corp. (NYSE:SEE) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the business earned $0.60 EPS. Sealed Air Corp.’s revenue was down 3.2% on a year-over-year basis. Analysts expect that Sealed Air Corp. will post $2.59 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, September 2nd will be paid a $0.16 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $0.64 annualized dividend and a dividend yield of 1.36%.

Several institutional investors have modified their holdings of SEE. Trexquant Investment LP acquired a new position in shares of Sealed Air Corp. during the fourth quarter valued at about $1,022,000. Atlantic Trust Group LLC raised its position in shares of Sealed Air Corp. by 9.7% in the fourth quarter. Atlantic Trust Group LLC now owns 25,930 shares of the company’s stock valued at $1,157,000 after buying an additional 2,288 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of Sealed Air Corp. by 17.0% in the fourth quarter. Suntrust Banks Inc. now owns 28,213 shares of the company’s stock valued at $1,257,000 after buying an additional 4,094 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Sealed Air Corp. by 2.9% in the fourth quarter. ProShare Advisors LLC now owns 28,640 shares of the company’s stock valued at $1,277,000 after buying an additional 804 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Sealed Air Corp. by 19.3% in the fourth quarter. Advisors Asset Management Inc. now owns 37,242 shares of the company’s stock valued at $1,661,000 after buying an additional 6,032 shares during the last quarter.

Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing processors, retailers and food service operators a range of integrated system solutions.

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