Sealed Air (SEE) Downgraded by ValuEngine

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

SEE has been the subject of several other reports. UBS Group set a $45.00 target price on shares of Sealed Air and gave the company a buy rating in a report on Friday, November 2nd. Zacks Investment Research upgraded Sealed Air from a sell rating to a hold rating in a research note on Tuesday, December 18th. Bank of America upgraded Sealed Air from a neutral rating to a buy rating and set a $41.00 price objective for the company in a research note on Friday, December 14th. 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 research note on Tuesday, December 18th. They noted that the move was a valuation call. Finally, Barclays lowered their price objective on Sealed Air from $50.00 to $40.00 and set an overweight rating for the company in a research note on Monday, October 22nd. Two investment 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 currently has an average rating of Hold and a consensus target price of $43.00.

NYSE SEE traded up $0.48 during trading hours on Thursday, reaching $36.57. 1,425,600 shares of the company’s stock traded hands, compared to its average volume of 1,576,400. Sealed Air has a 52-week low of $30.22 and a 52-week high of $49.57. The stock has a market cap of $5.53 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 1.08 and a beta of 1.11.



Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the company posted $0.46 EPS. Sealed Air’s revenue was up 4.9% on a year-over-year basis. On average, research analysts anticipate that Sealed Air will post 2.43 earnings per share for the current year.

In other news, SVP Emile Z. Chammas acquired 5,000 shares of the firm’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 in the company, valued at $5,661,600.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward L. Doheny II acquired 7,500 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The stock was purchased 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 owns 85,645 shares in the company, valued at $2,890,518.75. The disclosure for this purchase can be found here. 0.63% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc raised its stake in shares of Sealed Air by 3.2% in 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 last quarter. Wells Fargo & Company MN raised its position in Sealed Air by 9.4% in the 3rd quarter. Wells Fargo & Company MN now owns 7,038,909 shares of the industrial products company’s stock worth $282,613,000 after buying an additional 606,062 shares during the last quarter. Marshall Wace North America L.P. raised its position 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 last quarter. Bank of New York Mellon Corp raised its position in Sealed Air by 26.4% in the 3rd 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 buying an additional 640,351 shares during the last quarter. Finally, Holowesko Partners Ltd. raised its position in Sealed Air by 9.2% in the 3rd quarter. Holowesko Partners Ltd. now owns 2,792,300 shares of the industrial products company’s stock worth $112,111,000 after buying an additional 235,300 shares during the last quarter. Hedge funds and other institutional investors own 94.36% of the company’s stock.

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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