Sealed Air PT Raised to $28.00 at Barclays Capital (SEE)
Investment analysts at Barclays Capital upped their target price on shares of Sealed Air (NYSE: SEE) from $20.00 to $28.00 in a note issued to investors on Monday. The firm currently has an “overweight” rating on the stock.
Sealed Air traded up 1.47% on Monday, hitting $22.83. Sealed Air has a 1-year low of $11.51 and a 1-year high of $23.27. The stock’s 50-day moving average is currently $20.13. The company’s market cap is $4.443 billion.
Sealed Air last released its earnings data on Tuesday, February 19th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.05. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. Sealed Air has set its FY13 guidance at $1.10-1.20 EPS. Analysts expect that Sealed Air will post $1.21 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their EPS on shares of Sealed Air in a research note to investors on Wednesday, February 20th. They now have a “buy” rating and a $25.00 price target on the stock. They previously had a $22.00 price target on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of Sealed Air from $20.00 to $26.00 in a research note to investors on Wednesday, February 20th. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase downgraded shares of Sealed Air from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, February 20th. They now have a $22.50 price target on the stock, up previously from $20.00.
Five equities research analysts have rated the stock with a buy rating, one has issued an overweight rating, seven have assigned a hold rating, and one has given a sell rating to the company. The company presently has an average rating of “overweight” and an average target price of $21.94.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Wednesday, February 27th.
Sealed Air Corporation (Sealed Air) is a manufacturer of a range of packaging and performance-based materials and equipment systems, which serves a range of food, industrial, medical and consumer applications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.