Sealed Air (SEE) Price Target Raised to $47.00

Sealed Air (NYSE:SEE) had its price objective boosted by BMO Capital Markets from $40.00 to $47.00 in a research note released on Monday, The Fly reports. BMO Capital Markets currently has an outperform rating on the industrial products company’s stock.

SEE has been the topic of a number of other reports. UBS Group set a $45.00 price objective on Sealed Air and gave the stock a buy rating in a research report on Friday, November 2nd. Robert W. Baird lifted their price objective on Sealed Air from $41.00 to $50.00 and gave the stock an outperform rating in a research report on Friday, February 8th. ValuEngine upgraded Sealed Air from a strong sell rating to a sell rating in a research report on Wednesday, November 7th. Vertical Research lowered Sealed Air from a buy rating to a hold rating in a research report on Friday, February 8th. Finally, Zacks Investment Research upgraded Sealed Air from a sell rating to a hold rating in a research report on Tuesday, December 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $43.44.

SEE opened at $42.21 on Monday. Sealed Air has a 1 year low of $30.22 and a 1 year high of $46.21. The company has a market cap of $6.73 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.29 and a beta of 1.13.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Thursday, February 7th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.08. Sealed Air had a negative return on equity of 104.71% and a net margin of 4.08%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the company earned $0.58 EPS. Sealed Air’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts predict that Sealed Air will post 2.72 earnings per share for the current year.

In other news, SVP Emile Z. Chammas bought 5,000 shares of the stock in a transaction dated Monday, December 17th. The stock was bought at an average price of $33.40 per share, for a total transaction of $167,000.00. Following the purchase, the senior vice president now directly owns 169,509 shares in the company, valued at approximately $5,661,600.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward L. Doheny II bought 7,500 shares of the stock in a transaction dated Monday, December 17th. The stock was purchased at an average price of $33.75 per share, with a total value of $253,125.00. Following the purchase, the insider now owns 85,645 shares in the company, valued at $2,890,518.75. The disclosure for this purchase can be found here. Company insiders own 0.63% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SEE. Vanguard Group Inc raised its stake in Sealed Air by 3.2% during the third quarter. Vanguard Group Inc now owns 18,025,501 shares of the industrial products company’s stock valued at $723,724,000 after buying an additional 558,305 shares during the last quarter. Wells Fargo & Company MN raised its stake in Sealed Air by 9.4% during the third quarter. Wells Fargo & Company MN now owns 7,038,909 shares of the industrial products company’s stock valued at $282,613,000 after buying an additional 606,062 shares during the last quarter. Marshall Wace North America L.P. raised its stake in Sealed Air by 6.1% during the third quarter. Marshall Wace North America L.P. now owns 5,660,228 shares of the industrial products company’s stock valued at $227,258,000 after buying an additional 326,156 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Sealed Air by 5.1% during the fourth quarter. Bank of New York Mellon Corp now owns 3,224,462 shares of the industrial products company’s stock valued at $112,339,000 after buying an additional 156,104 shares during the last quarter. Finally, Holowesko Partners Ltd. raised its stake in Sealed Air by 9.2% during the third quarter. Holowesko Partners Ltd. now owns 2,792,300 shares of the industrial products company’s stock valued at $112,111,000 after buying an additional 235,300 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.

Sealed Air Company Profile

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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