Sealed Air (SEE) Rating Lowered to Strong Sell at ValuEngine

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

Several other equities research analysts also recently weighed in on SEE. Robert W. Baird cut their price objective on Sealed Air from $55.00 to $41.00 and set an outperform rating on the stock in a report on Thursday. UBS Group set a $47.00 price objective on Sealed Air and gave the company a buy rating in a report on Thursday. Citigroup cut their price objective on Sealed Air from $47.00 to $42.00 and set a neutral rating on the stock in a report on Thursday, October 11th. Barclays cut their price objective on Sealed Air from $51.00 to $50.00 and set an overweight rating on the stock in a report on Thursday, August 9th. Finally, Zacks Investment Research downgraded Sealed Air from a buy rating to a hold rating in a report on Tuesday, July 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Sealed Air currently has an average rating of Hold and a consensus price target of $47.09.

Shares of SEE stock traded down $0.60 during trading hours on Thursday, reaching $31.75. The company’s stock had a trading volume of 133,157 shares, compared to its average volume of 2,073,017. The company has a market cap of $5.60 billion, a PE ratio of 17.91, a P/E/G ratio of 1.51 and a beta of 1.10. Sealed Air has a fifty-two week low of $31.50 and a fifty-two week high of $49.94. The company has a debt-to-equity ratio of -8.64, a quick ratio of 0.69 and a current ratio of 1.11.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, December 6th. Sealed Air’s dividend payout ratio (DPR) is 35.36%.

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

A number of large investors have recently made changes to their positions in SEE. Cerebellum GP LLC bought a new position in shares of Sealed Air in the 3rd quarter worth about $180,000. Signition LP bought a new position in shares of Sealed Air in the 2nd quarter worth about $204,000. HL Financial Services LLC bought a new position in shares of Sealed Air in the 2nd quarter worth about $233,000. IFM Investors Pty Ltd raised its position in shares of Sealed Air by 31.7% in the 2nd quarter. IFM Investors Pty Ltd now owns 7,969 shares of the industrial products company’s stock worth $338,000 after acquiring an additional 1,916 shares in the last quarter. Finally, Oakbrook Investments LLC bought a new position in shares of Sealed Air in the 3rd quarter worth about $376,000. 96.30% of the stock is owned by institutional investors and hedge funds.

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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