In a research report that was released on Tuesday, securities analysts at JPMorgan Chase & Co. modified their recommendation for Sealed Air (NYSE: SEE) from an “underweight” rating to a “neutral” one. This information was obtained from a report that The Fly published. SEE has recently been the subject of commentary from many additional brokerages. The “overweight” rating that Morgan Stanley had previously assigned to Sealed Air shares was changed to “underweight,” and its price objective was reduced from $79.00 to $75.00. This information was made public on August 4 in a report summarizing a research study’s findings. Robert W. Baird lowered their target price on Sealed Air shares from $69.00 to $67.00 in a research note that was released on Tuesday, August 9. In a research report published on July 20, Credit Suisse Group lowered its target price on Sealed Air from $80.00 to $64.00 in a research report. Additionally, they downgraded the stock from an “outperform” rating to a “neutral” rating in the same report. In research released on Wednesday, August 3, Royal Bank of Canada increased their price objective for Sealed Air from $60.00 to $70.00 and upgraded the stock from “sector perform” to “outperform.”
On July 18, Wells Fargo & Company downgraded Sealed Air from “equal weight” to “underperform” and cut their target price on the stock from $71.00 to $62.00. In addition, they lowered their target price on the stock. This was the company’s final action, but by no means their least important one. Six of the equity research analysts surveyed gave the business a buy recommendation, while seven of the analysts surveyed advised investors to maintain their current holdings of the company’s shares. According to Bloomberg, the company is currently rated “Hold” on average, and the consensus has determined the price target for the stock to be $69.33. At the start of trading on Tuesday, the NYSE SEE set the opening price at $54.47. The ratio of debt to equity is 18.30, the ratio of current assets to current liabilities is 1.34, and the quick ratio is 0.72. The price of Sealed Air has ranged from a low of $53.35 to a high of $70.72 during the past year, with a low of $53.35 and a high of $70.72. The price-to-earnings ratio for this firm is 14.80, and its price-to-earnings-growth ratio is 2.12. Additionally, the company has a beta value of 1.14.
The corporation currently has a market valuation of 7.91 billion dollars. The company’s moving average for the previous 200 days is $62.42, while the moving average over the previous 50 days is $57.78. On August 2, investors received the company’s most recent quarterly report that was given to them by Sealed Air (NYSE: SEE). The industrial goods division of Sealed Air reported an earnings per share (EPS) figure for the quarter of $1.01, which was $0.02 more than the projection that had been compiled by analysts, which was $0.99. In addition, Sealed Air achieved a net margin of 9.56 percent and a return on equity of 320.73 percent. It surprised most people that the company’s sales for the quarter came in at $1.42 billion rather than the $1.43 billion that was the typical assumption heading into the quarter. The results showed that the firm earned $0.79 per share, an increase from the previous year’s results. Compared to the same period of the previous year, the rise in income was 6.7% higher than before. According to the projections of the equity research analysts, Sealed Air will bring in profits of $4.15 per share during the current financial year.
On August 3, the Chief Executive Officer of Sealed Air, Edward L. Doheny II, purchased 4,500 shares. This is just one of the many recent happenings connected to Sealed Air. The number of shares was acquired for a total cost of $256,275.00, which comes out to an average price per share of $56.95. Following the successful transaction, the Chief Executive Officer (CEO) now owns 515,254 business shares, the total value of which is approximately $29.343,715.30. You’ll be taken to a file sent to the Securities and Exchange Commission if you click the link. There, you’ll be able to find out more about the transaction. On August 3, Senior Vice President Sergio A. Pupkin purchased one thousand shares of the company’s stock. This is only one of the many recent changes in the business world. The total price of the stock was 57,660.00 dollars, and the price of each share came to an average of 57.66 dollars. The senior vice president now owns 45,748 shares of the company’s stock, which have a combined value of about $2,637,829.68 as a direct result of the transaction. The transaction notification was provided to the Securities and Exchange Commission as a legal filing.
The notification, in its full, can be viewed by following this link to the SEC’s website, where it was submitted. In addition, on August 3, Chief Executive Officer Edward L. Doheny II made a transaction comprising 4,500 shares of the company’s stock. The price of acquiring one share of stock averaged out to be $56.95, and the overall cost of the acquisition was calculated to be $256,275.00. As a result of the successful transaction completion, the Chief Executive Officer now directly owns 515,254 shares of the company’s stock, which have a value of $29,343,715.30. You should look in this spot if you are looking for the disclosure that pertains to this transaction. Insiders of the company have spent a total of $341,560 over the last three months buying 6,000 shares. The company’s insiders own the corporation’s shares at 44%. Several institutional investors and hedge funds have made recent acquisitions and trades using SEE. These transactions have taken place in recent months. The value of Ellevest Inc.’s shares in Sealed Air climbed by 269.0% during the first three months of 2018. Ellevest Inc. raised its holdings in the stock of the industrial goods firm during the most recent fiscal quarter by purchasing an additional 269 shares, bringing the total number of shares acquired to 369, with a value of $25,000. Confluence Wealth Services, Inc. paid close to $29,000 over the final three months of 2018 to purchase additional shares of Sealed Air to increase its percentage of ownership in the company.
The value of Parkside Financial Bank & Trust’s investment in Sealed Air climbed by 186.7% over the final three months of 2018. The most recent quarter saw Parkside Financial Bank & Trust acquire an additional 379 shares of the industrial goods company’s stock, bringing the total number of shares owned by the financial institution to 582, with a value of $39,000. This brought the total number of shares owned by the financial institution to a higher level than in the previous quarter. During the second quarter, Ronald Blue Trust Inc. invested approximately $42,000 in Sealed Air to acquire a new interest in the company. In the second quarter, CX Institutional made a new investment in Sealed Air, which probably should not be considered the least important development. This investment was worth roughly $39,000 at the time it was made. The vast majority of the company’s stock is owned by large financial institutions, which account for 82.41% of the total. The Sealed Air Corporation provides its services and products to a variety of regions around the world, including North America, South America, Europe, the Middle East, Africa, and Asia-Pacific.
These services include the provision of apparatus and systems for the protection of products, as well as solutions for the protection and safety of food. The food and protective divisions are the ones who are in charge of their day-to-day operations. Through the provision of integrated packaging materials and automation equipment solutions marketed under the brand names CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, Simple Steps, and Optidure, the Food segment offers food safety and shelf life extension, reduces food waste, automates processes, and optimizes total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, and dairy markets. This is accomplished by extending the shelf. These are some of the brands that are included under Opti.