ValuEngine Downgrades Sealed Air (NYSE:SEE) to Strong Sell

Sealed Air (NYSE:SEE) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

SEE has been the subject of a number of other reports. KeyCorp reiterated a “sell” rating and set a $39.00 target price on shares of Sealed Air in a research report on Friday, August 2nd. Bank of America downgraded Sealed Air from a “buy” rating to a “neutral” rating and set a $41.63 target price for the company. in a research report on Friday, June 21st. Finally, Wells Fargo & Co upped their target price on Sealed Air from $42.00 to $43.00 and gave the company a “market perform” rating in a research report on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $42.69.

SEE opened at $40.71 on Thursday. The business has a fifty day simple moving average of $40.64 and a 200 day simple moving average of $43.14. The company has a market capitalization of $6.15 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 1.41 and a beta of 1.08. Sealed Air has a 1 year low of $30.22 and a 1 year high of $47.13.

Sealed Air (NYSE:SEE) last released its earnings results on Friday, August 2nd. The industrial products company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.16. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.17 billion. Sealed Air had a negative return on equity of 121.14% and a net margin of 7.84%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 EPS. On average, sell-side analysts predict that Sealed Air will post 2.78 EPS for the current year.

Several institutional investors have recently bought and sold shares of SEE. Motco acquired a new position in shares of Sealed Air during the 2nd quarter worth $29,000. Doyle Wealth Management acquired a new position in shares of Sealed Air during the 2nd quarter worth $40,000. CSat Investment Advisory L.P. raised its holdings in shares of Sealed Air by 34.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,234 shares of the industrial products company’s stock worth $53,000 after buying an additional 314 shares in the last quarter. Thor Advisors LLC acquired a new position in shares of Sealed Air during the 1st quarter worth $78,000. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Sealed Air during the 1st quarter worth $88,000. 96.58% of the stock is owned by institutional investors.

Sealed Air Company Profile

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, 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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