Sealed Air (SEE) Downgraded to Sell at ValuEngine

ValuEngine downgraded shares of Sealed Air (NYSE:SEE) from a hold rating to a sell rating in a research report released on Thursday.

Other research analysts have also issued reports about the stock. Barclays cut their target price on shares of Sealed Air from $50.00 to $40.00 and set an overweight rating for the company in a research report on Monday, October 22nd. Zacks Investment Research upgraded Sealed Air from a hold rating to a buy rating and set a $40.00 price objective for the company in a report on Monday. BMO Capital Markets upgraded Sealed Air from a market perform rating to an outperform rating and set a $40.00 price objective for the company in a report on Tuesday, December 18th. They noted that the move was a valuation call. Bank of America cut Sealed Air from a buy rating to a neutral rating and set a $40.00 price objective for the company. in a report on Thursday, October 18th. Finally, Robert W. Baird cut their price objective on Sealed Air from $55.00 to $41.00 and set an outperform rating for the company in a report on Thursday, October 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $43.00.

Shares of NYSE SEE traded up $0.48 during midday trading on Thursday, hitting $36.57. 1,425,600 shares of the company’s stock were exchanged, compared to its average volume of 1,576,400. Sealed Air has a 12-month low of $30.22 and a 12-month high of $49.57. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 1.08 and a beta of 1.11.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. Sealed Air had a negative net margin of 0.87% and a negative return on equity of 150.20%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company earned $0.46 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, analysts anticipate that Sealed Air will post 2.43 EPS for the current year.

In related news, SVP Emile Z. Chammas bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The stock was bought at an average cost of $33.40 per share, for a total transaction of $167,000.00. Following the acquisition, the senior vice president now directly owns 169,509 shares of the company’s stock, valued at approximately $5,661,600.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edward L. Doheny II bought 7,500 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The shares were bought at an average price of $33.75 per share, with a total value of $253,125.00. Following the completion of the acquisition, the insider now directly owns 85,645 shares in the company, valued at $2,890,518.75. The disclosure for this purchase can be found here. Corporate insiders own 0.63% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP boosted its position in Sealed Air by 456.5% during the 3rd quarter. Marshall Wace LLP now owns 2,002,230 shares of the industrial products company’s stock valued at $80,390,000 after buying an additional 1,642,467 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Sealed Air by 26.4% during the third quarter. Bank of New York Mellon Corp now owns 3,068,358 shares of the industrial products company’s stock worth $123,195,000 after purchasing an additional 640,351 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Sealed Air by 9.4% during the third quarter. Wells Fargo & Company MN now owns 7,038,909 shares of the industrial products company’s stock worth $282,613,000 after purchasing an additional 606,062 shares during the period. Vanguard Group Inc boosted its holdings in shares of Sealed Air by 3.2% during the third quarter. Vanguard Group Inc now owns 18,025,501 shares of the industrial products company’s stock worth $723,724,000 after purchasing an additional 558,305 shares during the period. Finally, Marshall Wace North America L.P. lifted its holdings in Sealed Air by 6.1% in the 3rd quarter. Marshall Wace North America L.P. now owns 5,660,228 shares of the industrial products company’s stock worth $227,258,000 after buying an additional 326,156 shares during the period. 94.36% of the stock is owned by hedge funds and other 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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