Zacks Investment Research cut shares of Sealed Air (NYSE:SEE) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

According to Zacks, “Sealed Air projects sales of $4.4 billion in 2017 and adjusted EPS in the range of $1.75-$1.80. 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. The company has a negative record of earnings surprises in the last few quarters. Its estimates have gone down lately. “

Several other brokerages also recently issued reports on SEE. Royal Bank of Canada reaffirmed a hold rating and issued a $45.00 price target on shares of Sealed Air in a research report on Wednesday, September 13th. Jefferies Group reaffirmed a hold rating and issued a $44.00 price target on shares of Sealed Air in a research report on Thursday, September 14th. Barclays reaffirmed an equal weight rating and issued a $45.00 price target on shares of Sealed Air in a research report on Tuesday, September 19th. Bank of America raised Sealed Air from a neutral rating to a buy rating and set a $48.00 price target on the stock in a research report on Thursday, September 21st. Finally, KeyCorp reaffirmed a hold rating on shares of Sealed Air in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $49.42.

Sealed Air (NYSE:SEE) traded up $0.21 during trading on Tuesday, reaching $48.86. 2,100,967 shares of the company’s stock traded hands, compared to its average volume of 2,013,126. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.70 and a quick ratio of 1.34. The firm has a market capitalization of $8,775.80, a P/E ratio of 9.31, a price-to-earnings-growth ratio of 5.09 and a beta of 1.24. Sealed Air has a 52-week low of $41.22 and a 52-week high of $50.62.

Sealed Air (NYSE:SEE) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.46 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. equities research analysts forecast that Sealed Air will post 1.8 EPS for the current year.

In related news, SVP Emile Z. Chammas sold 6,000 shares of the stock in a transaction dated Monday, November 20th. The shares were 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 owns 142,077 shares in the company, valued at $6,427,563.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO William G. Stiehl sold 3,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $48.98, for a total transaction of $146,940.00. Following the completion of the sale, the chief financial officer now owns 34,797 shares of the company’s stock, valued at approximately $1,704,357.06. The disclosure for this sale can be found here. Company insiders own 1.05% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC lifted its stake in shares of Sealed Air by 8.1% in the third quarter. Parametric Portfolio Associates LLC now owns 338,547 shares of the industrial products company’s stock valued at $14,463,000 after buying an additional 25,325 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Sealed Air in the third quarter valued at about $754,000. IFM Investors Pty Ltd bought a new stake in shares of Sealed Air in the third quarter valued at about $242,000. California Public Employees Retirement System lifted its stake in shares of Sealed Air by 4.7% in the third quarter. California Public Employees Retirement System now owns 550,405 shares of the industrial products company’s stock valued at $23,513,000 after buying an additional 24,705 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Sealed Air in the third quarter valued at about $2,547,000. Institutional investors and hedge funds own 92.93% of the company’s stock.

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About Sealed Air

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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