Sealed Air (SEE) Stock Rating Lowered by ValuEngine

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Sealed Air (NYSE:SEE) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday.

SEE has been the topic of several other research reports. UBS Group set a $45.00 price objective on shares of Sealed Air and gave the stock a “buy” rating in a research note on Friday, November 2nd. Zacks Investment Research upgraded shares of Sealed Air from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th. Bank of America upgraded shares of Sealed Air from a “neutral” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Friday, December 14th. BMO Capital Markets upgraded shares of Sealed Air from a “market perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Tuesday, December 18th. They noted that the move was a valuation call. Finally, Barclays lowered their price objective on shares of Sealed Air from $50.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, October 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $43.00.

Shares of SEE stock opened at $36.57 on Thursday. Sealed Air has a 12 month low of $30.22 and a 12 month high of $49.57. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 1.08 and a beta of 1.11.

Sealed Air (NYSE:SEE) last announced its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.61 EPS for the quarter, beating 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 company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities research analysts forecast that Sealed Air will post 2.43 EPS for the current year.

In other Sealed Air news, SVP Emile Z. Chammas purchased 5,000 shares of the firm’s stock in a transaction on Monday, December 17th. The shares were purchased at an average price of $33.40 per share, for a total transaction of $167,000.00. Following the completion of the purchase, the senior vice president now directly owns 169,509 shares of the company’s stock, valued at $5,661,600.60. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Edward L. Doheny II purchased 7,500 shares of the firm’s stock in a transaction on Monday, December 17th. The shares were acquired at an average price of $33.75 per share, for a total transaction of $253,125.00. Following the purchase, the insider now directly owns 85,645 shares of the company’s stock, valued at $2,890,518.75. The disclosure for this purchase can be found here. Company insiders own 0.63% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Korea Investment CORP boosted its stake in Sealed Air by 305.8% during the third quarter. Korea Investment CORP now owns 430,883 shares of the industrial products company’s stock worth $17,300,000 after buying an additional 324,700 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in Sealed Air by 3,814.1% during the third quarter. Rehmann Capital Advisory Group now owns 60,082 shares of the industrial products company’s stock worth $1,496,000 after buying an additional 58,547 shares in the last quarter. Bank of America Corp DE boosted its stake in Sealed Air by 14.2% during the second quarter. Bank of America Corp DE now owns 1,532,074 shares of the industrial products company’s stock worth $65,037,000 after buying an additional 190,557 shares in the last quarter. First Hawaiian Bank acquired a new stake in Sealed Air during the third quarter worth $500,000. Finally, First Republic Investment Management Inc. boosted its stake in Sealed Air by 11.2% during the second quarter. First Republic Investment Management Inc. now owns 52,646 shares of the industrial products company’s stock worth $2,236,000 after buying an additional 5,300 shares in the last quarter. Hedge funds and other institutional investors own 94.36% of the company’s stock.

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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