Sealed Air (NYSE:SEE) Is Now Covered By Jefferies. What can We Expect?

May 18, 2018 - By Rodney Autry

Sealed Air Corporation (NYSE:SEE) Logo

Why Has Jefferies Given Sealed Air (NYSE:SEE) a $53.0000 Price Target

In a note sent to investors and clients on Friday morning, research analysts at Jefferies has initiated coverage for Sealed Air (NYSE:SEE) shares. The firm has decided to set a Buy rating along with a $53.0000, adding 19.34 % to the 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 9.59% above currents $44.41 stock price. Sealed Air had 10 analyst reports since December 15, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Friday, May 4 by Bank of America. As per Monday, February 12, the company rating was maintained by JP Morgan. The stock of Sealed Air Corporation (NYSE:SEE) earned “Buy” rating by Bank of America on Friday, February 9. The stock of Sealed Air Corporation (NYSE:SEE) earned “Hold” rating by BMO Capital Markets on Thursday, January 25. The stock has “Neutral” rating by Citigroup on Friday, February 9. Vertical Research upgraded the shares of SEE in report on Monday, February 12 to “Buy” rating. The firm earned “Hold” rating on Friday, February 9 by KeyBanc Capital Markets. On Friday, December 15 the stock rating was upgraded by Barclays Capital to “Overweight”. On Friday, May 4 the stock rating was maintained by Citigroup with “Neutral”. The stock has “Hold” rating by SunTrust on Wednesday, January 31.

The stock increased 1.93% or $0.84 during the last trading session, reaching $44.41. About 166,438 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 earnings per share, up 65.71 % or $0.23 from last year’s $0.35 per share. SEE’s profit will be $93.47M for 19.14 P/E if the $0.58 EPS becomes a reality. After $0.51 actual earnings per share 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 $7.16 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 10.35 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 news for Sealed Air Corporation (NYSE:SEE) were recently published by: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For May 18, 2018” on May 18, 2018. Streetinsider.com‘s article titled: “Sealed Air (SEE) Board of Directors Elects Jerry R. Whitaker Chairman” and published on May 17, 2018 is yet another important article.

Sealed Air Corporation (NYSE:SEE) Ratings Chart

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