Sealed Air Corporation (NYSE:SEE) received a $48.00 target price from SunTrust Banks, Inc. in a research note issued on Sunday. The brokerage currently has a “buy” rating on the industrial products company’s stock. SunTrust Banks, Inc.’s price objective suggests a potential upside of 10.07% from the company’s previous close.
A number of other research analysts also recently commented on SEE. BMO Capital Markets restated a “hold” rating and set a $45.00 price objective on shares of Sealed Air Corporation in a research note on Friday, June 9th. Royal Bank Of Canada restated a “hold” rating and set a $44.00 price objective on shares of Sealed Air Corporation in a research note on Tuesday, June 13th. Robert W. Baird restated an “outperform” rating and set a $55.00 price objective on shares of Sealed Air Corporation in a research note on Tuesday, June 13th. BidaskClub raised Sealed Air Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Finally, Zacks Investment Research raised Sealed Air Corporation from a “strong sell” rating to a “hold” rating and set a $52.00 price target for the company in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $48.50.
Shares of Sealed Air Corporation (NYSE:SEE) opened at 43.61 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 50-day moving average price of $44.42 and a 200-day moving average price of $44.57. The firm has a market cap of $8.29 billion, a P/E ratio of 22.54 and a beta of 1.19.
Sealed Air Corporation (NYSE:SEE) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.01. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. Sealed Air Corporation’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 earnings per share. On average, equities research analysts expect that Sealed Air Corporation will post $1.82 earnings per share for the current fiscal year.
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Hedge funds have recently made changes to their positions in the stock. Assetmark Inc. boosted its stake in Sealed Air Corporation by 1.0% during the first quarter. Assetmark Inc. now owns 2,444 shares of the industrial products company’s stock valued at $107,000 after buying an additional 25 shares in the last quarter. TrimTabs Asset Management LLC bought a new position in Sealed Air Corporation during the first quarter valued at about $109,000. Fiduciary Trust Co. bought a new position in Sealed Air Corporation during the second quarter valued at about $124,000. Global X Management Co. LLC boosted its stake in Sealed Air Corporation by 30.4% during the first quarter. Global X Management Co. LLC now owns 2,950 shares of the industrial products company’s stock valued at $129,000 after buying an additional 687 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Sealed Air Corporation by 3.0% during the first quarter. Pacer Advisors Inc. now owns 3,979 shares of the industrial products company’s stock valued at $173,000 after buying an additional 116 shares in the last quarter. 92.16% of the stock is owned by institutional investors and hedge funds.
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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