Todays Report: Today: Citigroup Inc. Reaffirms Buy Rating for Sealed Air Corp. (SEE)

Today: Citigroup Inc. Reaffirms Buy Rating for Sealed Air Corp. (SEE)

Sealed Air Corp. (NYSE:SEE)‘s stock had its “buy” rating reissued by research analysts at Citigroup Inc. in a report released on Monday. They presently have a $55.00 target price on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 23.26% from the company’s previous close.

SEE has been the topic of several other research reports. Zacks Investment Research cut shares of Sealed Air Corp. from a “hold” rating to a “sell” rating in a report on Thursday, September 29th. JPMorgan Chase & Co. assumed coverage on shares of Sealed Air Corp. in a report on Tuesday, September 13th. They set a “neutral” rating and a $53.00 target price on the stock. Credit Suisse Group AG restated an “outperform” rating and set a $59.00 target price on shares of Sealed Air Corp. in a report on Thursday, September 8th. Robert W. Baird restated an “outperform” rating on shares of Sealed Air Corp. in a report on Sunday, September 25th. Finally, SunTrust Banks Inc. assumed coverage on shares of Sealed Air Corp. in a report on Tuesday, July 12th. They set a “buy” rating and a $54.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $53.33.

Sealed Air Corp. (NYSE:SEE) opened at 44.62 on Monday. The company’s 50-day moving average is $46.03 and its 200 day moving average is $47.24. Sealed Air Corp. has a 52-week low of $38.02 and a 52-week high of $52.83. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 25.44 and a beta of 1.22.

Sealed Air Corp. (NYSE:SEE) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Sealed Air Corp. had a net margin of 5.16% and a return on equity of 98.51%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share. Equities analysts forecast that Sealed Air Corp. will post $2.59 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, November 30th. Sealed Air Corp.’s dividend payout ratio (DPR) is 36.57%.

A number of institutional investors have recently modified their holdings of SEE. Checchi Capital Advisers LLC raised its position in shares of Sealed Air Corp. by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 2,335 shares of the company’s stock worth $107,000 after buying an additional 21 shares during the period. Seven Eight Capital LLC raised its position in shares of Sealed Air Corp. by 8.9% in the second quarter. Seven Eight Capital LLC now owns 2,443 shares of the company’s stock worth $112,000 after buying an additional 200 shares during the period. Mizuho Asset Management Co. Ltd. raised its position in shares of Sealed Air Corp. by 128.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,730 shares of the company’s stock worth $125,000 after buying an additional 1,534 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Sealed Air Corp. during the first quarter worth $132,000. Finally, Johnson Financial Group Inc. raised its position in shares of Sealed Air Corp. by 18,782.4% in the second quarter. Johnson Financial Group Inc. now owns 3,210 shares of the company’s stock worth $148,000 after buying an additional 3,193 shares during the period. 89.21% of the stock is owned by institutional investors and hedge funds.

Sealed Air Corp. Company Profile

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