Barclays upgraded shares of Sealed Air (NYSE:SEE) from an equal weight rating to an overweight rating in a research note issued to investors on Friday, MarketBeat.com reports. Barclays currently has $53.00 target price on the industrial products company’s stock, up from their prior target price of $46.00.

Other equities analysts also recently issued reports about the stock. TheStreet upgraded shares of Sealed Air from a c+ rating to a b- rating in a report on Thursday, November 30th. SunTrust Banks set a $48.00 price target on shares of Sealed Air and gave the stock a buy rating in a report on Sunday, September 10th. Robert W. Baird reiterated a buy rating and set a $55.00 price target on shares of Sealed Air in a report on Friday, September 1st. Bank of America set a $50.00 price target on shares of Sealed Air and gave the stock a buy rating in a report on Friday, October 13th. Finally, Zacks Investment Research upgraded shares of Sealed Air from a sell rating to a hold rating in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Sealed Air presently has a consensus rating of Hold and a consensus target price of $49.42.

Sealed Air (NYSE:SEE) opened at $48.68 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 4.23. Sealed Air has a twelve month low of $41.22 and a twelve month high of $50.62. The firm has a market cap of $8,781.19, a PE ratio of 24.34, a price-to-earnings-growth ratio of 6.74 and a beta of 1.23.

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

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.31%. Sealed Air’s dividend payout ratio is presently 12.19%.

In related news, SVP Emile Z. Chammas sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $45.24, for a total value of $271,440.00. Following the sale, the senior vice president now directly owns 142,077 shares of the company’s stock, valued at $6,427,563.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.05% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio lifted its position in Sealed Air by 6.1% during the second quarter. Strs Ohio now owns 13,302 shares of the industrial products company’s stock valued at $595,000 after buying an additional 765 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Sealed Air by 3.7% during the second quarter. Janney Montgomery Scott LLC now owns 6,462 shares of the industrial products company’s stock valued at $289,000 after buying an additional 228 shares in the last quarter. Retirement Systems of Alabama lifted its position in Sealed Air by 1.5% during the second quarter. Retirement Systems of Alabama now owns 94,940 shares of the industrial products company’s stock valued at $4,250,000 after buying an additional 1,417 shares in the last quarter. Global X Management Co. LLC lifted its position in Sealed Air by 23.7% during the second quarter. Global X Management Co. LLC now owns 3,649 shares of the industrial products company’s stock valued at $163,000 after buying an additional 699 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Sealed Air by 9.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 628,487 shares of the industrial products company’s stock valued at $28,132,000 after buying an additional 52,059 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Sealed Air (NYSE:SEE)

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