Sealed Air (SEE) Receives a Hold from KeyBanc


KeyBanc analyst Adam Josephson maintained a Hold rating on Sealed Air (NYSE: SEE) today. The company’s shares opened today at $33.50, close to its 52-week low of $30.22.

Josephson commented:

“We are maintaining our recently reduced 2018 and 2019 estimates following this morning’s results; we remain well below consensus for 2019 adj. EBITDA and free cash flow. As for what SEE will do with the 30% of its Product Care business (~$500 million of sales) that’s commodity (“utility” in SEE’s words), in which it can’t raise prices to offset cost inflation, we still don’t know.”

According to TipRanks.com, Josephson is a 4-star analyst with an average return of 7.7% and a 66.2% success rate. Josephson covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Avery Dennison Corp, and Graphic Packaging.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sealed Air with a $40.75 average price target, implying a 21.6% upside from current levels. In a report issued on October 18, Merrill Lynch also downgraded the stock to Hold with a $40 price target.

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Based on Sealed Air’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $82.7 million. In comparison, last year the company had a net profit of $83.1 million.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SEE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Sealed Air Corp. engages in the provision of food safety and security, facility hygiene and product protection services. It operates through the following segments: Food Care, Diversey Care, Product Care, and Other.

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