Sealed Air (SEE) Price Target Cut to $50.00 by Analysts at JPMorgan Chase & Co.
Sealed Air (NYSE:SEE) had its price objective reduced by JPMorgan Chase & Co. from $52.00 to $50.00 in a research note published on Monday. JPMorgan Chase & Co. currently has a neutral rating on the industrial products company’s stock.
A number of other research analysts have also recently issued reports on SEE. Barclays lifted their price objective on shares of Sealed Air from $45.00 to $46.00 and gave the company an equal weight rating in a research note on Thursday, November 9th. Royal Bank of Canada restated a hold rating and issued a $47.00 target price on shares of Sealed Air in a research report on Thursday, November 9th. SunTrust Banks restated a buy rating and issued a $48.00 target price on shares of Sealed Air in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Sealed Air from a sell rating to a hold rating in a research report on Monday, November 13th. Finally, TheStreet upgraded shares of Sealed Air from a c+ rating to a b- rating in a research report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $50.31.
Sealed Air (SEE) opened at $42.52 on Monday. The stock has a market cap of $7,670.00, a P/E ratio of 250.12, a P/E/G ratio of 4.32 and a beta of 1.12. The company has a debt-to-equity ratio of 21.21, a current ratio of 1.35 and a quick ratio of 0.99. Sealed Air has a one year low of $40.76 and a one year high of $49.94.
In other news, CFO William G. Stiehl sold 3,000 shares of Sealed Air stock in a transaction on Friday, December 15th. The shares were sold at an average price of $48.98, for a total transaction of $146,940.00. Following the transaction, the chief financial officer now owns 34,797 shares in the company, valued at $1,704,357.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Emile Z. Chammas sold 6,000 shares of Sealed Air stock in a transaction on Monday, November 20th. The stock was sold at an average price of $45.24, for a total transaction of $271,440.00. Following the transaction, the senior vice president now owns 142,077 shares in the company, valued at approximately $6,427,563.48. The disclosure for this sale can be found here. Company insiders own 1.05% of the company’s stock.
Several large investors have recently modified their holdings of the company. King Luther Capital Management Corp acquired a new position in shares of Sealed Air during the fourth quarter worth $211,000. Martingale Asset Management L P acquired a new position in shares of Sealed Air during the fourth quarter worth $228,000. Pinnacle Associates Ltd. acquired a new position in shares of Sealed Air during the fourth quarter worth $222,000. First Republic Investment Management Inc. lifted its holdings in shares of Sealed Air by 7.6% during the fourth quarter. First Republic Investment Management Inc. now owns 42,363 shares of the industrial products company’s stock worth $2,089,000 after purchasing an additional 2,975 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in shares of Sealed Air by 6.6% during the fourth quarter. Baird Financial Group Inc. now owns 159,575 shares of the industrial products company’s stock worth $7,867,000 after purchasing an additional 9,887 shares during the period. Institutional investors own 90.31% of the company’s stock.
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Sealed Air Company Profile
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.
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