SunTrust Banks, Inc. restated their buy rating on shares of Sealed Air Corporation (NYSE:SEE) in a research note published on Friday morning. The firm currently has a $49.00 target price on the industrial products company’s stock. SunTrust Banks also issued estimates for Sealed Air Corporation’s FY2017 earnings at $1.77 EPS, Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.64 EPS and FY2018 earnings at $2.29 EPS.

Several other equities analysts have also recently weighed in on SEE. BidaskClub upgraded shares of Sealed Air Corporation from a strong sell rating to a sell rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Sealed Air Corporation from a sell rating to a hold rating in a research note on Monday, November 13th. Robert W. Baird reiterated a buy rating and issued a $55.00 price objective on shares of Sealed Air Corporation in a research note on Friday, September 1st. Jefferies Group LLC reiterated a hold rating and issued a $44.00 price objective on shares of Sealed Air Corporation in a research note on Friday, August 11th. Finally, Barclays PLC increased their price objective on shares of Sealed Air Corporation from $45.00 to $46.00 and gave the stock an equal weight rating in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $48.83.

Sealed Air Corporation (NYSE SEE) opened at $45.01 on Friday. Sealed Air Corporation has a one year low of $41.22 and a one year high of $50.62. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 4.23. The firm has a market cap of $10,350.00, a P/E ratio of 22.86, a PEG ratio of 6.36 and a beta of 1.21.

Sealed Air Corporation (NYSE:SEE) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. Sealed Air Corporation had a net margin of 20.15% and a return on equity of 67.60%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the business earned $0.41 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. research analysts expect that Sealed Air Corporation will post 1.8 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Thursday, November 30th. Sealed Air Corporation’s dividend payout ratio (DPR) is currently 61.54%.

In other Sealed Air Corporation news, Director Lawrence R. Codey sold 3,500 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $42.91, for a total transaction of $150,185.00. Following the completion of the sale, the director now directly owns 38,180 shares of the company’s stock, valued at approximately $1,638,303.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.05% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in shares of Sealed Air Corporation by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 838,679 shares of the industrial products company’s stock valued at $36,548,000 after purchasing an additional 27,757 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Sealed Air Corporation by 7.4% in the second quarter. Bank of Montreal Can now owns 80,453 shares of the industrial products company’s stock valued at $3,601,000 after purchasing an additional 5,522 shares in the last quarter. Creative Planning grew its holdings in shares of Sealed Air Corporation by 58.3% in the second quarter. Creative Planning now owns 10,913 shares of the industrial products company’s stock valued at $488,000 after purchasing an additional 4,019 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Sealed Air Corporation by 7.0% in the second quarter. State of Alaska Department of Revenue now owns 4,897 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 320 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. grew its holdings in shares of Sealed Air Corporation by 0.9% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 169,591 shares of the industrial products company’s stock valued at $7,591,000 after purchasing an additional 1,531 shares in the last quarter. 75.41% of the stock is owned by institutional investors and hedge funds.

About Sealed Air Corporation

Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. 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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