Sealed Air Corporation (SEE) Rating Reiterated by BMO Capital Markets
Sealed Air Corporation (NYSE:SEE)‘s stock had its “hold” rating reiterated by research analysts at BMO Capital Markets in a report released on Sunday. They presently have a $47.00 target price on the industrial products company’s stock. BMO Capital Markets’ price target suggests a potential upside of 6.19% from the stock’s previous close.
Other equities research analysts also recently issued reports about the stock. Jefferies Group LLC dropped their price target on shares of Sealed Air Corporation from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, May 10th. UBS AG set a $49.00 price target on shares of Sealed Air Corporation and gave the company a “buy” rating in a research report on Wednesday, May 10th. Zacks Investment Research downgraded shares of Sealed Air Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada restated a “hold” rating and set a $44.00 price objective on shares of Sealed Air Corporation in a research report on Tuesday, June 13th. Finally, BidaskClub downgraded shares of Sealed Air Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $49.27.
Sealed Air Corporation (NYSE:SEE) opened at 44.26 on Friday. Sealed Air Corporation has a 12 month low of $41.74 and a 12 month high of $50.62. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 22.87 and a beta of 1.16. The stock has a 50 day moving average price of $44.93 and a 200 day moving average price of $44.89.
Sealed Air Corporation (NYSE:SEE) last released its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.01. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts expect that Sealed Air Corporation will post $1.82 earnings per share for the current fiscal year.
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Several hedge funds have recently bought and sold shares of SEE. Commerzbank Aktiengesellschaft FI bought a new stake in Sealed Air Corporation during the first quarter worth $299,000. Thompson Investment Management Inc. boosted its stake in Sealed Air Corporation by 3.5% in the first quarter. Thompson Investment Management Inc. now owns 47,666 shares of the industrial products company’s stock worth $2,077,000 after buying an additional 1,623 shares during the last quarter. Stoneridge Investment Partners LLC bought a new stake in Sealed Air Corporation during the first quarter worth $2,728,000. Usca Ria LLC bought a new stake in Sealed Air Corporation during the first quarter worth $1,202,000. Finally, Jennison Associates LLC boosted its stake in Sealed Air Corporation by 22.0% in the first quarter. Jennison Associates LLC now owns 1,763,502 shares of the industrial products company’s stock worth $76,853,000 after buying an additional 318,394 shares during the last quarter. 92.16% of the stock is currently owned by hedge funds and other institutional investors.
Sealed Air Corporation 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, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing a range of integrated system solutions.
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