Sealed Air Corporation (SEE) Stock Rating Reaffirmed by Jefferies Group LLC
Sealed Air Corporation (NYSE:SEE)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Group LLC in a report released on Friday. They currently have a $44.00 price objective on the industrial products company’s stock. Jefferies Group LLC’s target price indicates a potential downside of 0.41% from the stock’s previous close.
SEE has been the subject of several other reports. UBS AG set a $49.00 price objective on Sealed Air Corporation and gave the company a “buy” rating in a report on Wednesday, May 10th. BidaskClub raised Sealed Air Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday. BMO Capital Markets reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Sealed Air Corporation in a report on Friday, June 9th. Robert W. Baird reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Sealed Air Corporation in a report on Tuesday, June 13th. Finally, Zacks Investment Research raised Sealed Air Corporation from a “strong sell” rating to a “hold” rating and set a $52.00 price objective for the company in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $49.27.
Sealed Air Corporation (NYSE SEE) opened at 44.18 on Friday. Sealed Air Corporation has a 52 week low of $41.74 and a 52 week high of $50.62. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of 22.83 and a beta of 1.16. The company has a 50 day moving average price of $44.91 and a 200-day moving average price of $45.19.
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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. Equities analysts predict that Sealed Air Corporation will post $1.81 earnings per share for the current year.
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In other news, CAO William G. Stiehl sold 3,000 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $43.43, for a total transaction of $130,290.00. Following the completion of the transaction, the chief accounting officer now owns 37,797 shares of the company’s stock, valued at approximately $1,641,523.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. Bridgewater Associates LP acquired a new position in Sealed Air Corporation during the first quarter worth approximately $1,230,000. Bank of New York Mellon Corp boosted its position in Sealed Air Corporation by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 1,788,451 shares of the industrial products company’s stock worth $77,943,000 after buying an additional 23,184 shares during the period. Morgan Stanley boosted its position 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 buying an additional 184,503 shares during the period. Baldwin Brothers Inc. MA boosted its position in Sealed Air Corporation by 61,387.8% in the first quarter. Baldwin Brothers Inc. MA now owns 180,774 shares of the industrial products company’s stock worth $7,878,000 after buying an additional 180,480 shares during the period. Finally, Family Legacy Inc. acquired a new position in Sealed Air Corporation during the first quarter worth approximately $229,000. 91.94% of the stock is owned by 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, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing a range of integrated system solutions.
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