Sealed Air (SEE) Given a $47.00 Price Target at UBS Group

UBS Group set a $47.00 price objective on Sealed Air (NYSE:SEE) in a research note published on Thursday morning, www.stocktargetadvisor.com reports. The firm currently has a buy rating on the industrial products company’s stock.

SEE has been the topic of a number of other reports. Citigroup decreased their price objective on Sealed Air from $47.00 to $42.00 and set a neutral rating on the stock in a research report on Thursday, October 11th. Zacks Investment Research cut Sealed Air from a hold rating to a sell rating in a research note on Friday, October 5th. ValuEngine cut Sealed Air from a hold rating to a sell rating in a research note on Wednesday, July 4th. KeyCorp reaffirmed a hold rating on shares of Sealed Air in a research note on Thursday, August 2nd. Finally, Barclays cut their target price on Sealed Air from $51.00 to $50.00 and set an overweight rating on the stock in a research note on Thursday, August 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Sealed Air has an average rating of Hold and an average target price of $47.09.

SEE stock traded down $0.53 during midday trading on Thursday, reaching $31.82. 139,674 shares of the company traded hands, compared to its average volume of 2,073,017. Sealed Air has a 52-week low of $31.50 and a 52-week high of $49.94. The company has a debt-to-equity ratio of -8.64, a current ratio of 1.11 and a quick ratio of 0.69. The company has a market cap of $5.60 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 1.51 and a beta of 1.10.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. Sealed Air had a return on equity of 859.42% and a net margin of 14.37%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts expect that Sealed Air will post 2.51 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be paid a dividend of $0.16 per share. The ex-dividend date is Thursday, December 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.01%. Sealed Air’s dividend payout ratio is 35.36%.

In other news, Director Jerry R. Whitaker acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were bought at an average price of $39.81 per share, with a total value of $39,810.00. Following the completion of the purchase, the director now directly owns 8,021 shares in the company, valued at $319,316.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward L. Doheny II acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was purchased at an average cost of $39.65 per share, for a total transaction of $198,250.00. Following the purchase, the insider now owns 78,145 shares of the company’s stock, valued at $3,098,449.25. The disclosure for this purchase can be found here. In the last three months, insiders purchased 6,600 shares of company stock worth $262,654. 0.63% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in SEE. Russell Investments Group Ltd. lifted its holdings in shares of Sealed Air by 2.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 54,443 shares of the industrial products company’s stock valued at $2,311,000 after purchasing an additional 1,275 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Sealed Air by 3.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 45,897 shares of the industrial products company’s stock valued at $1,841,000 after purchasing an additional 1,520 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Sealed Air by 31.7% during the 2nd quarter. IFM Investors Pty Ltd now owns 7,969 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 1,916 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Sealed Air by 11.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 20,086 shares of the industrial products company’s stock valued at $853,000 after purchasing an additional 2,118 shares during the last quarter. Finally, Chicago Equity Partners LLC lifted its holdings in shares of Sealed Air by 29.4% during the 2nd quarter. Chicago Equity Partners LLC now owns 10,355 shares of the industrial products company’s stock valued at $440,000 after purchasing an additional 2,355 shares during the last quarter. 96.30% of the stock is currently owned by institutional investors.

About Sealed Air

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. The company operates through Food Care and Product Care segments. The Food Care segment offers integrated system solutions that enhance the management of contamination risk during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes to processors, retailers, and food service operators under the Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.

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