Sealed Air (NYSE:SEE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.
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.”
Other research analysts have also recently issued research reports about the company. Royal Bank of Canada restated a “hold” rating and issued a $47.00 price target on shares of Sealed Air in a research report on Thursday, November 9th. Bank of America set a $50.00 price target on Sealed Air and gave the company a “buy” rating in a research report on Friday, October 13th. Barclays upgraded Sealed Air from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $46.00 to $53.00 in a research report on Friday, December 15th. SunTrust Banks restated a “buy” rating and issued a $49.00 price target on shares of Sealed Air in a research report on Friday, November 17th. Finally, KeyCorp restated a “hold” rating on shares of Sealed Air in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $49.42.
Sealed Air (NYSE:SEE) traded up $0.24 during trading on Friday, reaching $48.74. The company’s stock had a trading volume of 1,658,200 shares, compared to its average volume of 2,116,183. Sealed Air has a 12 month low of $41.22 and a 12 month high of $50.62. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 4.23. The firm has a market capitalization of $8,748.74, a P/E ratio of 9.28, a P/E/G ratio of 5.07 and a beta of 1.24.
Sealed Air (NYSE:SEE) last released its earnings results on Wednesday, November 8th. The industrial products company reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. Sealed Air had a return on equity of 67.60% and a net margin of 20.15%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company earned $0.41 earnings per share. Sealed Air’s quarterly revenue was up 6.2% compared to the same quarter last year. equities analysts anticipate that Sealed Air will post 1.8 EPS for the current fiscal year.
In other Sealed Air news, CFO William G. Stiehl sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $48.98, for a total value of $146,940.00. Following the sale, the chief financial officer now directly owns 34,797 shares of the company’s stock, valued at approximately $1,704,357.06. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Emile Z. Chammas sold 6,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $45.24, for a total value of $271,440.00. Following the completion of the sale, the senior vice president now directly owns 142,077 shares in the company, valued at $6,427,563.48. The disclosure for this sale can be found here. Company insiders own 1.05% of the company’s stock.
A number of large investors have recently modified their holdings of SEE. King Luther Capital Management Corp acquired a new stake in Sealed Air in the 2nd quarter worth about $205,000. Nationwide Fund Advisors boosted its stake in Sealed Air by 3.6% in the 2nd quarter. Nationwide Fund Advisors now owns 172,633 shares of the industrial products company’s stock worth $7,727,000 after buying an additional 6,000 shares during the last quarter. BlackRock Inc. boosted its stake in Sealed Air by 2.8% in the 2nd quarter. BlackRock Inc. now owns 12,373,821 shares of the industrial products company’s stock worth $553,853,000 after buying an additional 333,722 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in Sealed Air by 3.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 7,422 shares of the industrial products company’s stock worth $332,000 after buying an additional 280 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Sealed Air by 3.2% in the 2nd quarter. New York State Common Retirement Fund now owns 740,215 shares of the industrial products company’s stock worth $33,132,000 after buying an additional 22,989 shares during the last quarter. 93.00% of the stock is currently owned by hedge funds and other institutional investors.
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Sealed Air Company Profile
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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