Should Sealed Air (NYSE:SEE) Shares Be Watched After Jefferies Initiates Coverage?

May 18, 2018 - By Lola Flanagan

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Why Has Jefferies Given Sealed Air (NYSE:SEE) a $53 Price Target

In a report sent to investors today, Jefferies analysts has begun Sealed Air (NYSE:SEE) coverage with “Buy” rating, and a $53 price target.

Sealed Air Corporation (NYSE:SEE) Ratings Coverage

Among 8 analysts covering Sealed Air (NYSE:SEE), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Sealed Air has $59 highest and $46 lowest target. $48.67’s average target is 11.71% above currents $43.57 stock price. Sealed Air had 10 analyst reports since December 15, 2017 according to SRatingsIntel. The stock of Sealed Air Corporation (NYSE:SEE) earned “Hold” rating by BMO Capital Markets on Thursday, January 25. As per Monday, February 12, the company rating was upgraded by Vertical Research. The stock of Sealed Air Corporation (NYSE:SEE) has “Neutral” rating given on Friday, May 4 by Citigroup. Bank of America maintained Sealed Air Corporation (NYSE:SEE) rating on Friday, February 9. Bank of America has “Buy” rating and $59 target. SunTrust downgraded Sealed Air Corporation (NYSE:SEE) on Wednesday, January 31 to “Hold” rating. The stock of Sealed Air Corporation (NYSE:SEE) has “Neutral” rating given on Monday, February 12 by JP Morgan. The firm has “Overweight” rating by Barclays Capital given on Friday, December 15. The rating was maintained by Citigroup on Friday, February 9 with “Neutral”. Bank of America maintained Sealed Air Corporation (NYSE:SEE) rating on Friday, May 4. Bank of America has “Buy” rating and $50 target. KeyBanc Capital Markets maintained the shares of SEE in report on Friday, February 9 with “Hold” rating.

The stock decreased 0.23% or $0.1 during the last trading session, reaching $43.57. About 1.47M shares traded. Sealed Air Corporation (NYSE:SEE) has declined 3.17% since May 18, 2017 and is downtrending. It has underperformed by 14.72% the S&P500.

Analysts await Sealed Air Corporation (NYSE:SEE) to report earnings on August, 14. They expect $0.58 EPS, up 65.71 % or $0.23 from last year’s $0.35 per share. SEE’s profit will be $93.48 million for 18.78 P/E if the $0.58 EPS becomes a reality. After $0.51 actual EPS reported by Sealed Air Corporation for the previous quarter, Wall Street now forecasts 13.73 % EPS growth.

Sealed Air Corporation provides food safety and security, facility hygiene, and product protection solutions worldwide. The company has market cap of $7.02 billion. The companyÂ’s Food Care segment offers integrated system solutions that incorporate equipment systems into customersÂ’ operations; and packaging equipment for loading, filling and dispensing, and retort and aseptic processing conditions. It has a 10.16 P/E ratio. It also provides graphic design, printing, training, field quality assurance, and remote diagnostics services; and clean-in-place and open plant systems that integrate cleaning chemicals, lubricants, floor care equipment, and cleaning and dispensing tools.

More recent Sealed Air Corporation (NYSE:SEE) news were published by: Globenewswire.com which released: “Analysis: Positioning to Benefit within USA Technologies, Bloomin’ Brands, MBIA, NextEra Energy, Sealed Air, and …” on May 11, 2018. Also Businesswire.com published the news titled: “Board of Directors Elects Jerry R. Whitaker Chairman of the Board” on May 17, 2018. Streetinsider.com‘s news article titled: “Sealed Air (SEE) Board of Directors Elects Jerry R. Whitaker Chairman” with publication date: May 17, 2018 was also an interesting one.

Sealed Air Corporation (NYSE:SEE) Ratings Chart

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