Sealed Air (SEE) Upgraded by TheStreet to “B-“

TheStreet upgraded shares of Sealed Air (NYSE:SEE) from a c+ rating to a b- rating in a report published on Thursday.

Several other equities research analysts have also commented on the stock. SunTrust Banks restated a buy rating and issued a $49.00 price target on shares of Sealed Air in a research note on Friday, November 17th. Zacks Investment Research upgraded shares of Sealed Air from a sell rating to a hold rating in a research note on Monday, November 13th. Royal Bank Of Canada restated a hold rating and issued a $47.00 price target on shares of Sealed Air in a research note on Thursday, November 9th. Barclays raised their price target on shares of Sealed Air from $45.00 to $46.00 and gave the company an equal weight rating in a research note on Thursday, November 9th. Finally, Bank of America set a $50.00 price objective on shares of Sealed Air and gave the company a buy rating in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $48.83.

Shares of Sealed Air (SEE) opened at $47.74 on Thursday. Sealed Air has a 12 month low of $41.22 and a 12 month high of $50.62. The company has a market cap of $8,611.65, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 6.62 and a beta of 1.23. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 4.23.

Sealed Air (NYSE:SEE) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business earned $0.41 earnings per share. Sealed Air’s revenue was up 6.2% compared to the same quarter last year. equities research analysts forecast that Sealed Air will post 1.8 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, November 30th. Sealed Air’s payout ratio is 12.19%.

In related news, Director Lawrence R. Codey sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $42.91, for a total value of $150,185.00. Following the completion of the transaction, the director now owns 38,180 shares of the company’s stock, valued at approximately $1,638,303.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Emile Z. Chammas sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $45.24, for a total transaction of $271,440.00. Following the completion of the transaction, the senior vice president now directly owns 142,077 shares of the company’s stock, valued at approximately $6,427,563.48. The disclosure for this sale can be found here. Company insiders own 1.05% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC boosted its stake in 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 purchasing an additional 769 shares during the period. Dimensional Fund Advisors LP lifted its position in 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 in the last quarter. Legal & General Group Plc lifted its position in Sealed Air by 5.6% in the 2nd quarter. Legal & General Group Plc now owns 949,170 shares of the industrial products company’s stock worth $42,485,000 after buying an additional 50,305 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Sealed Air by 20.4% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,479 shares of the industrial products company’s stock worth $2,259,000 after buying an additional 8,547 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Sealed Air by 1,672.6% in the 2nd quarter. Victory Capital Management Inc. now owns 616,605 shares of the industrial products company’s stock worth $27,599,000 after buying an additional 581,819 shares in the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

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About Sealed Air

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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