Sealed Air (NYSE:SEE) Stock Rating Reaffirmed by Wells Fargo & Co – Riverton Roll

Posted: January 5, 2020 at 7:51 am

Sealed Air (NYSE:SEE)s stock had its hold rating restated by analysts at Wells Fargo & Co in a report issued on Monday, December 9th, AnalystRatings.com reports.

A number of other analysts have also weighed in on SEE. KeyCorp upgraded Sealed Air from an underweight rating to a sector weight rating in a report on Wednesday, November 6th. They noted that the move was a valuation call. Citigroup reduced their price target on Sealed Air from $45.00 to $42.00 and set a neutral rating on the stock in a research report on Thursday, October 17th. ValuEngine raised Sealed Air from a strong sell rating to a sell rating in a research report on Tuesday, November 19th. Finally, Robert W. Baird reaffirmed a buy rating and set a $50.00 price target on shares of Sealed Air in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the companys stock. Sealed Air currently has a consensus rating of Hold and an average price target of $44.33.

Sealed Air stock traded down $0.61 during mid-day trading on Monday, reaching $38.26. 1,144,692 shares of the company were exchanged, compared to its average volume of 989,617. The business has a fifty day moving average of $38.61 and a 200 day moving average of $41.11. The firm has a market cap of $5.91 billion, a P/E ratio of 15.30, a PEG ratio of 1.31 and a beta of 1.03. Sealed Air has a 12-month low of $34.92 and a 12-month high of $47.13.

Sealed Air (NYSE:SEE) last posted its earnings results on Wednesday, November 6th. The industrial products company reported $0.64 earnings per share for the quarter, topping analysts consensus estimates of $0.62 by $0.02. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Sealed Air had a negative return on equity of 135.60% and a net margin of 7.55%. Sealed Airs revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. As a group, equities research analysts predict that Sealed Air will post 2.78 EPS for the current fiscal year.

In other news, CFO James M. Sullivan bought 5,000 shares of the businesss stock in a transaction that occurred on Thursday, November 7th. The shares were purchased at an average cost of $38.75 per share, with a total value of $193,750.00. Following the transaction, the chief financial officer now directly owns 17,028 shares in the company, valued at $659,835. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SEE. FMR LLC increased its position in shares of Sealed Air by 3.1% in the 1st quarter. FMR LLC now owns 88,646 shares of the industrial products companys stock valued at $4,083,000 after acquiring an additional 2,697 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in Sealed Air during the 2nd quarter worth about $152,000. Los Angeles Capital Management & Equity Research Inc. grew its position in Sealed Air by 4.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 143,346 shares of the industrial products companys stock worth $6,132,000 after purchasing an additional 6,285 shares during the period. First Trust Advisors LP acquired a new stake in Sealed Air during the 2nd quarter worth about $3,762,000. Finally, Aperio Group LLC grew its position in Sealed Air by 1.7% during the 2nd quarter. Aperio Group LLC now owns 64,135 shares of the industrial products companys stock worth $2,743,000 after purchasing an additional 1,064 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

About Sealed Air

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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Sealed Air (NYSE:SEE) Stock Rating Reaffirmed by Wells Fargo & Co - Riverton Roll

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