Sealed Air (NYSE:SEE) had its target price dropped by stock analysts at Citigroup from $50.00 to $46.00 in a report issued on Friday. The brokerage currently has a “neutral” rating on the industrial products company’s stock. Citigroup’s target price would indicate a potential upside of 7.93% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Bank of America set a $50.00 price target on shares of Sealed Air and gave the company a “buy” rating in a report on Friday, October 13th. Barclays lifted their price target on shares of Sealed Air from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, November 9th. Royal Bank of Canada reiterated a “hold” rating and issued a $47.00 price target on shares of Sealed Air in a report on Thursday, November 9th. SunTrust Banks reiterated a “buy” rating and issued a $48.00 price target on shares of Sealed Air in a report on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Sealed Air from a “sell” rating to a “hold” rating in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $49.58.

Sealed Air (NYSE SEE) opened at $42.62 on Friday. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.34 and a current ratio of 1.70. Sealed Air has a one year low of $41.22 and a one year high of $49.94. The firm has a market cap of $8,001.94, a price-to-earnings ratio of 8.12, a P/E/G ratio of 4.62 and a beta of 1.12.

Sealed Air (NYSE:SEE) last released its earnings results on Thursday, February 8th. The industrial products company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the company earned $0.50 EPS. Sealed Air’s revenue for the quarter was up 11.5% on a year-over-year basis. research analysts expect that Sealed Air will post 1.8 earnings per share for the current year.

In other news, SVP Emile Z. Chammas sold 6,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $45.24, for a total value of $271,440.00. Following the sale, the senior vice president now directly owns 142,077 shares in the company, valued at approximately $6,427,563.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William G. Stiehl sold 3,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $48.98, for a total transaction of $146,940.00. Following the completion of the sale, the chief financial officer now owns 34,797 shares in the company, valued at $1,704,357.06. The disclosure for this sale can be found here. Insiders own 1.05% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC increased its holdings in shares of Sealed Air by 10.8% in the 2nd quarter. HighTower Advisors LLC now owns 7,859 shares of the industrial products company’s stock worth $351,000 after buying an additional 769 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Sealed Air by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 858,823 shares of the industrial products company’s stock worth $38,442,000 after buying an additional 20,144 shares during the last quarter. AMP Capital Investors Ltd increased its holdings in shares of Sealed Air by 2.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 59,597 shares of the industrial products company’s stock worth $2,546,000 after buying an additional 1,600 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Sealed Air by 13.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 220,498 shares of the industrial products company’s stock worth $9,870,000 after buying an additional 25,389 shares during the last quarter. Finally, Bank of Nova Scotia increased its holdings in shares of Sealed Air by 10.4% in the 2nd quarter. Bank of Nova Scotia now owns 43,983 shares of the industrial products company’s stock worth $1,968,000 after buying an additional 4,152 shares during the last quarter. Hedge funds and other institutional investors own 93.43% of the company’s stock.

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Sealed Air 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.

Analyst Recommendations for Sealed Air (NYSE:SEE)

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