Sealed Air (NYSE:SEE) had its price target decreased by analysts at Citigroup from $47.00 to $42.00 in a research note issued on Thursday, Stock Target Advisor reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. Citigroup’s target price would suggest a potential upside of 20.76% from the stock’s current price.
Several other brokerages also recently commented on SEE. Zacks Investment Research downgraded shares of Sealed Air from a “hold” rating to a “sell” rating in a report on Friday, October 5th. ValuEngine upgraded shares of Sealed Air from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. KeyCorp restated a “hold” rating on shares of Sealed Air in a report on Thursday, August 2nd. Finally, Barclays decreased their price objective on shares of Sealed Air from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Sealed Air has an average rating of “Hold” and a consensus price target of $49.20.
Shares of SEE stock opened at $34.78 on Thursday. The stock has a market capitalization of $6.38 billion, a PE ratio of 19.25, a PEG ratio of 1.72 and a beta of 1.10. The company has a debt-to-equity ratio of -8.64, a current ratio of 1.11 and a quick ratio of 0.69. Sealed Air has a one year low of $34.43 and a one year high of $49.94.
Sealed Air (NYSE:SEE) last announced its earnings results on Thursday, August 2nd. The industrial products company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.06. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. Sealed Air had a net margin of 14.37% and a return on equity of 859.42%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 earnings per share. On average, equities research analysts anticipate that Sealed Air will post 2.52 earnings per share for the current fiscal year.
In related news, insider Edward L. Doheny II acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was 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 of the company’s stock, valued at approximately $3,098,449.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jerry R. Whitaker acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The shares were bought at an average price of $39.81 per share, with a total value of $39,810.00. Following the acquisition, the director now directly owns 8,021 shares of the company’s stock, valued at approximately $319,316.01. The disclosure for this purchase can be found here. Insiders have purchased 6,600 shares of company stock valued at $262,654 in the last 90 days. 0.63% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Cerebellum GP LLC purchased a new position in shares of Sealed Air in the third quarter worth about $180,000. Signition LP purchased a new position in shares of Sealed Air in the second quarter worth about $204,000. HL Financial Services LLC purchased a new position in shares of Sealed Air in the second quarter worth about $233,000. IFM Investors Pty Ltd increased its stake in shares of Sealed Air by 31.7% in the second quarter. IFM Investors Pty Ltd now owns 7,969 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 1,916 shares in the last quarter. Finally, Chicago Equity Partners LLC increased its stake in shares of Sealed Air by 29.4% in the second quarter. Chicago Equity Partners LLC now owns 10,355 shares of the industrial products company’s stock worth $440,000 after purchasing an additional 2,355 shares in the last quarter. Hedge funds and other institutional investors own 96.23% 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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