Sealed Air Corporation (SEE) Receives “Buy” Rating from SunTrust Banks, Inc.
SunTrust Banks, Inc. reiterated their buy rating on shares of Sealed Air Corporation (NYSE:SEE) in a research note published on Friday morning. The firm currently has a $49.00 target price on the industrial products company’s stock. SunTrust Banks also issued estimates for Sealed Air Corporation’s FY2017 earnings at $1.77 EPS, Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.64 EPS and FY2018 earnings at $2.29 EPS.
A number of other equities analysts have also weighed in on SEE. BidaskClub upgraded Sealed Air Corporation from a strong sell rating to a sell rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Sealed Air Corporation from a sell rating to a hold rating in a research note on Monday, November 13th. Barclays PLC increased their target price on Sealed Air Corporation from $45.00 to $46.00 and gave the stock an equal weight rating in a research note on Thursday, November 9th. Robert W. Baird reiterated a buy rating and set a $55.00 target price on shares of Sealed Air Corporation in a research note on Friday, September 1st. Finally, Jefferies Group LLC reiterated a hold rating and set a $44.00 target price on shares of Sealed Air Corporation in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Sealed Air Corporation has a consensus rating of Hold and a consensus target price of $48.83.
Sealed Air Corporation (NYSE:SEE) traded up $0.14 during trading hours on Friday, reaching $45.72. The company’s stock had a trading volume of 1,469,198 shares, compared to its average volume of 2,164,470. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 4.23. The company has a market capitalization of $10,340.00, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 6.27 and a beta of 1.21. Sealed Air Corporation has a 12-month low of $41.22 and a 12-month high of $50.62.
Sealed Air Corporation (NYSE:SEE) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.46. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Sealed Air Corporation had a return on equity of 67.60% and a net margin of 20.15%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 earnings per share. equities research analysts forecast that Sealed Air Corporation will post 1.8 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.16 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.40%. Sealed Air Corporation’s dividend payout ratio (DPR) is presently 61.54%.
In other Sealed Air Corporation news, Director Lawrence R. Codey sold 3,500 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $42.91, for a total transaction of $150,185.00. Following the transaction, the director now owns 38,180 shares in the company, valued at approximately $1,638,303.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.05% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. IFM Investors Pty Ltd bought a new position in Sealed Air Corporation during the 3rd quarter worth $242,000. California Public Employees Retirement System increased its stake in Sealed Air Corporation by 4.7% during the 3rd quarter. California Public Employees Retirement System now owns 550,405 shares of the industrial products company’s stock worth $23,513,000 after acquiring an additional 24,705 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Sealed Air Corporation in the 3rd quarter valued at $2,547,000. Point72 Asset Management L.P. boosted its holdings in shares of Sealed Air Corporation by 46.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 58,700 shares of the industrial products company’s stock valued at $2,508,000 after purchasing an additional 18,700 shares in the last quarter. Finally, Vident Investment Advisory LLC acquired a new stake in shares of Sealed Air Corporation in the 3rd quarter valued at $424,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.
Sealed Air Corporation Company Profile
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.
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