Published: Fri, May 19, 2017
Business | By Max Garcia

Taking a Fresh Look at Sealed Air Corporation


Royal Bank of Canada lowered shares of Sealed Air Corp from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $52.00 to $44.00 in a report on Thursday.

Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Up in the future. They now have a United States dollars 50 price target on the stock.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Sealed Air Corporation the EPS stands at 0.49 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.47, suggesting the stock exceeded the analysts' expectations. The stock presently has an average rating of "Hold" and a consensus target price of $48.50. Barclays Capital upgraded Sealed Air Corp (NYSE:SEE) rating on Friday, January 8. Bank of America Corp downgraded Sealed Air Corp from a "buy" rating to a "neutral" rating and set a $43.00 price target for the company.in a research note on Tuesday. The stock now has an average rating of "Hold" and an average price target of $48.50. The company had a trading volume of 1,247,331 shares. Sealed Air Corp has a 1-year low of $41.74 and a 1-year high of $50.62.

Sealed Air Corporation (SEE) has the market capitalization of $8.3 Billion.

Sealed Air Corporation has a 50 day moving average of 43.86 and a 200 day moving average of 46.15. The industrial products company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.46 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.58 billion. Sealed Air Corp had a return on equity of 89.29% and a net margin of 7.02%.

Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business.

Sealed Air Corp (NYSE:SEE) last released its quarterly earnings data on Tuesday, May 9th.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and global trademark and copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/05/12/q2-2017-eps-estimates-for-sealed-air-corp-lowered-by-analyst-see.html. Following the completion of the transaction, the insider now directly owns 148,077 shares of the company's stock, valued at approximately $6,380,637.93. The stock rose 1.03% or $0.44 reaching $42.97 per share. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Taking a look into the performance of SEE stock, investor will come to know that the weekly performance for this stock is valued at -7.12%, resulting in a performance for the month at -0.37%.

Several hedge funds and other institutional investors have recently modified their holdings of SEE.

Receive Sealed Air Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sealed Air Corporation with MarketBeat.com's FREE daily email newsletter. During the same quarter past year, the firm posted $0.50 earnings per share. TrimTabs Asset Management LLC acquired a new position in Sealed Air Corp during the first quarter worth approximately $109,000. Global X Management Co. Finally, Tudor Investment Corp ET AL increased its position in Sealed Air Corp by 318.9% in the first quarter. Janus Capital Management LLC now owns 10,071,664 shares of the industrial products company's stock worth $438,917,000 after buying an additional 834,754 shares during the period. Seven Eight Capital LP acquired a new position in shares of Sealed Air Corp during the fourth quarter worth about $156,000.

Allstate Corp decreased Bemis Inc (NYSE:BMS) stake by 70,257 shares to 40,868 valued at $1.95M in 2016Q4.

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