ValuEngine upgraded shares of Sealed Air (NYSE:SEE) from a strong sell rating to a sell rating in a research report report published on Wednesday morning.

SEE has been the topic of several other research reports. Citigroup reduced their price target on shares of Sealed Air from $47.00 to $42.00 and set a neutral rating on the stock in a research note on Thursday, October 11th. UBS Group set a $45.00 price target on shares of Sealed Air and gave the stock a buy rating in a research note on Friday, November 2nd. Zacks Investment Research downgraded shares of Sealed Air from a hold rating to a sell rating in a research note on Friday, October 5th. Robert W. Baird reduced their price target on shares of Sealed Air from $55.00 to $41.00 and set an outperform rating on the stock in a research note on Thursday, October 18th. Finally, Bank of America downgraded shares of Sealed Air from a buy rating to a neutral rating and set a $40.00 price target on the stock. in a research note on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $45.40.

Shares of SEE traded down $0.25 during midday trading on Wednesday, hitting $35.10. The stock had a trading volume of 2,126,342 shares, compared to its average volume of 3,117,137. Sealed Air has a 1 year low of $30.22 and a 1 year high of $49.94. The company has a market cap of $5.50 billion, a P/E ratio of 19.39, a P/E/G ratio of 1.24 and a beta of 1.24.

Sealed Air (NYSE:SEE) last announced its earnings results on Thursday, November 1st. The industrial products company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Sealed Air had a negative net margin of 0.87% and a negative return on equity of 150.20%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, sell-side analysts forecast that Sealed Air will post 2.43 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.82%. The ex-dividend date is Thursday, December 6th. Sealed Air’s dividend payout ratio is presently 35.36%.

In other Sealed Air news, Director Jerry R. Whitaker bought 1,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were bought at an average cost of $39.81 per share, for a total transaction of $39,810.00. Following the acquisition, the director now directly owns 8,021 shares in the company, valued at $319,316.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward L. Doheny II bought 5,000 shares of the company’s stock in a transaction on Monday, August 13th. The shares were acquired at an average price of $39.65 per share, for a total transaction of $198,250.00. Following the completion of the acquisition, the insider now owns 78,145 shares in the company, valued at $3,098,449.25. The disclosure for this purchase can be found here. Company insiders own 0.63% of the company’s stock.

A number of institutional investors have recently modified their holdings of SEE. Cerebellum GP LLC bought a new position in Sealed Air during the 3rd quarter worth about $180,000. Ridgewood Investments LLC bought a new position in Sealed Air during the 3rd quarter worth about $202,000. First Mercantile Trust Co. bought a new position in Sealed Air during the 3rd quarter worth about $202,000. Signition LP bought a new position in Sealed Air during the 2nd quarter worth about $204,000. Finally, HL Financial Services LLC bought a new position in Sealed Air during the 2nd quarter worth about $233,000. Institutional investors own 95.60% of the company’s stock.

About Sealed Air

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. The company operates through Food Care and Product Care segments. The Food Care segment offers integrated system solutions that enhance the management of contamination risk during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes to processors, retailers, and food service operators under the Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.

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Analyst Recommendations for Sealed Air (NYSE:SEE)

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