Sealed Air Corporation (SEE) Downgraded by BidaskClub to “Hold”

Sealed Air Corporation (NYSE:SEE) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Monday, July 24th.

A number of other equities research analysts have also weighed in on SEE. BMO Capital Markets restated a “hold” rating and issued a $45.00 price objective (down from $50.00) on shares of Sealed Air Corporation in a report on Tuesday, March 28th. Goldman Sachs Group, Inc. (The) lowered shares of Sealed Air Corporation from a “conviction-buy” rating to a “buy” rating and reduced their price objective for the company from $53.00 to $50.00 in a report on Tuesday, April 4th. Royal Bank Of Canada restated a “buy” rating and issued a $52.00 price objective on shares of Sealed Air Corporation in a report on Tuesday, April 11th. Zacks Investment Research upgraded shares of Sealed Air Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $45.00 price target on shares of Sealed Air Corporation in a research note on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $49.27.

Sealed Air Corporation (NYSE:SEE) opened at 44.96 on Monday. The company’s 50 day moving average price is $44.91 and its 200 day moving average price is $45.05. Sealed Air Corporation has a 12 month low of $41.74 and a 12 month high of $50.62. The stock has a market cap of $8.54 billion, a PE ratio of 23.24 and a beta of 1.16.

Sealed Air Corporation (NYSE:SEE) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the business earned $0.65 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Equities analysts forecast that Sealed Air Corporation will post $1.82 EPS for the current fiscal year.

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Several hedge funds have recently modified their holdings of SEE. Assetmark Inc. increased its stake in shares of Sealed Air Corporation by 1.0% in 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 during the last quarter. Alps Advisors Inc. increased its stake in Sealed Air Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,524 shares of the industrial products company’s stock worth $471,000 after buying an additional 27 shares in the last quarter. CENTRAL TRUST Co increased its stake in Sealed Air Corporation by 0.8% in the first quarter. CENTRAL TRUST Co now owns 3,830 shares of the industrial products company’s stock worth $167,000 after buying an additional 30 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Sealed Air Corporation by 0.3% in the first quarter. Eqis Capital Management Inc. now owns 13,398 shares of the industrial products company’s stock worth $584,000 after buying an additional 40 shares in the last quarter. Finally, Cleararc Capital Inc. increased its stake in Sealed Air Corporation by 1.3% in the first quarter. Cleararc Capital Inc. now owns 4,745 shares of the industrial products company’s stock worth $207,000 after buying an additional 60 shares in the last quarter. 90.70% of the stock is currently 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.

Analyst Recommendations for Sealed Air Corporation (NYSE:SEE)

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