Sealed Air (SEE) Upgraded to “Sell” by ValuEngine

ValuEngine upgraded shares of Sealed Air (NYSE:SEE) from a strong sell rating to a sell rating in a research report sent to investors on Wednesday.

Several other research firms have also issued reports on SEE. KeyCorp reiterated a hold rating on shares of Sealed Air in a report on Thursday, August 2nd. Barclays dropped their price objective 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. Zacks Investment Research lowered Sealed Air from a hold rating to a sell rating in a research note on Friday, October 5th. Robert W. Baird dropped their price objective on Sealed Air from $55.00 to $41.00 and set an outperform rating on the stock in a research note on Thursday, October 18th. Finally, Bank of America lowered Sealed Air from a buy rating to a neutral rating and set a $40.00 price objective on the stock. in a research note on Thursday, October 18th. Two investment 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. The stock has a consensus rating of Hold and an average target price of $45.55.

SEE traded up $0.45 on Wednesday, hitting $35.50. 165,641 shares of the company were exchanged, compared to its average volume of 3,107,172. Sealed Air has a 12 month low of $30.22 and a 12 month high of $49.94. The firm has a market capitalization of $5.35 billion, a PE ratio of 19.62, a PEG ratio of 1.20 and a beta of 1.24.

Sealed Air (NYSE:SEE) last released its earnings results on Thursday, November 1st. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. Sealed Air had a negative return on equity of 150.20% and a negative net margin of 0.87%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. Sealed Air’s revenue was up 4.9% on a year-over-year basis. On average, equities research analysts anticipate that Sealed Air will post 2.43 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.64 annualized dividend and a yield of 1.80%. Sealed Air’s dividend payout ratio is 35.36%.

In other news, Director Jerry R. Whitaker bought 1,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 8,021 shares of the company’s stock, valued at $319,316.01. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward L. Doheny II bought 5,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 78,145 shares of the company’s stock, valued at approximately $3,098,449.25. The disclosure for this purchase can be found here. 0.63% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in shares of Sealed Air by 9.4% in the third quarter. Wells Fargo & Company MN now owns 7,038,909 shares of the industrial products company’s stock valued at $282,613,000 after purchasing an additional 606,062 shares during the last quarter. Manning & Napier Group LLC grew its position in shares of Sealed Air by 2.4% in the third quarter. Manning & Napier Group LLC now owns 2,555,495 shares of the industrial products company’s stock valued at $102,602,000 after purchasing an additional 59,445 shares during the last quarter. American Century Companies Inc. grew its position in shares of Sealed Air by 17.1% in the third quarter. American Century Companies Inc. now owns 1,542,220 shares of the industrial products company’s stock valued at $61,920,000 after purchasing an additional 225,695 shares during the last quarter. Bank of America Corp DE grew its position in shares of Sealed Air by 14.2% in the second quarter. Bank of America Corp DE now owns 1,532,074 shares of the industrial products company’s stock valued at $65,037,000 after purchasing an additional 190,557 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in shares of Sealed Air by 15.5% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,503,489 shares of the industrial products company’s stock valued at $60,157,000 after purchasing an additional 202,035 shares during the last quarter. 95.60% of the stock is currently owned by institutional investors.

Sealed Air Company Profile

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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Analyst Recommendations for Sealed Air (NYSE:SEE)

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