Sealed Air Corporation (SEE) Rating Reiterated by SunTrust Banks, Inc.

SunTrust Banks, Inc. reissued their buy rating on shares of Sealed Air Corporation (NYSE:SEE) in a research report report published on Friday morning. The firm currently has a $48.00 price objective on the industrial products company’s stock.

A number of other analysts have also recently weighed in on the stock. Royal Bank Of Canada reiterated a hold rating and set a $47.00 price target on shares of Sealed Air Corporation in a research note on Thursday, November 9th. Barclays PLC increased their price target on shares of Sealed Air Corporation from $45.00 to $46.00 and gave the stock an equal weight rating in a research note on Thursday, November 9th. Bank of America Corporation set a $50.00 price target on shares of Sealed Air Corporation and gave the stock a buy rating in a research note on Friday, October 13th. Zacks Investment Research cut shares of Sealed Air Corporation from a hold rating to a sell rating in a research note on Tuesday, October 10th. Finally, KeyCorp reiterated a hold rating on shares of Sealed Air Corporation in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. Sealed Air Corporation currently has an average rating of Hold and an average target price of $48.75.

Sealed Air Corporation (NYSE:SEE) opened at $44.98 on Friday. Sealed Air Corporation has a twelve month low of $41.22 and a twelve month high of $50.62. 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 stock has a market cap of $10,200.34, a price-to-earnings ratio of 22.17, a PEG ratio of 6.17 and a beta of 1.21.

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

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.42%. Sealed Air Corporation’s payout ratio is currently 12.19%.

In other news, Director Lawrence R. Codey sold 3,500 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $42.91, for a total value of $150,185.00. Following the completion of the transaction, the director now owns 38,180 shares in the company, valued at approximately $1,638,303.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.05% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in SEE. Teachers Advisors LLC increased its holdings in shares of Sealed Air Corporation by 7.8% in the 1st quarter. Teachers Advisors LLC now owns 419,895 shares of the industrial products company’s stock valued at $18,299,000 after purchasing an additional 30,322 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Sealed Air Corporation by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 838,679 shares of the industrial products company’s stock valued at $36,548,000 after purchasing an additional 27,757 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Sealed Air Corporation by 7.4% in the 2nd quarter. Bank of Montreal Can now owns 80,453 shares of the industrial products company’s stock valued at $3,601,000 after purchasing an additional 5,522 shares in the last quarter. Creative Planning increased its holdings in shares of Sealed Air Corporation by 58.3% in the 2nd quarter. Creative Planning now owns 10,913 shares of the industrial products company’s stock valued at $488,000 after purchasing an additional 4,019 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Sealed Air Corporation by 7.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,897 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 320 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

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 (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 Corporation (NYSE:SEE)

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