Sealed Air (SEE) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Sealed Air (NYSE:SEE) from a sell rating to a hold rating in a report published on Friday morning.

According to Zacks, “Sealed Air projects sales of $4.4 billion in 2017 and adjusted EPS in the range of $1.75-$1.80. The Diversey sale is expected to help focus on the Food Care and Product Care divisions. The acquisitions of Deltaplam and Fagerdala will likely expand the company's geographic presence. Even though restructuring actions, investments in R&D are anticipated to drive future growth, it might affect margins in the near term. Also weak volumes in Australia/New Zealand remain a concern. Moreover, Sealed Air has underperformed its industry in the past year. However, the company is expected to gain from enhanced demand for core product portfolio, recently-introduced innovations, growth in the global protein market and e-Commerce.”

Several other research firms have also commented on SEE. Vertical Research lowered Sealed Air from a buy rating to a hold rating in a research report on Wednesday, December 20th. Barclays raised Sealed Air from an equal weight rating to an overweight rating and boosted their price target for the stock from $46.00 to $53.00 in a research report on Friday, December 15th. TheStreet raised Sealed Air from a c+ rating to a b- rating in a research report on Thursday, November 30th. SunTrust Banks reissued a buy rating and issued a $49.00 price target on shares of Sealed Air in a research report on Friday, November 17th. Finally, Royal Bank of Canada reaffirmed a hold rating and set a $47.00 target price on shares of Sealed Air in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $49.42.

Sealed Air (NYSE:SEE) opened at $49.10 on Friday. The company has a market capitalization of $8,856.95, a price-to-earnings ratio of 9.35, a PEG ratio of 5.11 and a beta of 1.24. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.70 and a quick ratio of 1.34. Sealed Air has a 1 year low of $41.22 and a 1 year high of $50.62.

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

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

Institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC grew its stake in Sealed Air by 10.8% during the 2nd quarter. HighTower Advisors LLC now owns 7,859 shares of the industrial products company’s stock valued at $351,000 after purchasing an additional 769 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Sealed Air by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 858,823 shares of the industrial products company’s stock valued at $38,442,000 after purchasing an additional 20,144 shares during the last quarter. Janus Henderson Group PLC grew its stake in Sealed Air by 46,138.7% during the 2nd quarter. Janus Henderson Group PLC now owns 10,600,215 shares of the industrial products company’s stock valued at $474,465,000 after purchasing an additional 10,577,290 shares during the last quarter. AMP Capital Investors Ltd grew its stake in Sealed Air by 2.8% during the 3rd quarter. AMP Capital Investors Ltd now owns 59,597 shares of the industrial products company’s stock valued at $2,546,000 after purchasing an additional 1,600 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Sealed Air by 13.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 220,498 shares of the industrial products company’s stock valued at $9,870,000 after purchasing an additional 25,389 shares during the last quarter. Institutional investors and hedge funds own 93.00% of the company’s stock.

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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.

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