Wells Fargo analyst Gabrial Hajde maintained a Hold rating on Sealed Air (SEE) yesterday. The company’s shares closed last Tuesday at $40.89, close to its 52-week high of $45.35.
According to TipRanks.com, Hajde is a 1-star analyst with an average return of -2.7% and a 48.4% success rate. Hajde covers the Industrial Goods sector, focusing on stocks such as Berry Global Group, Sonoco Products, and Ardagh Group SA.
Currently, the analyst consensus on Sealed Air is a Moderate Buy with an average price target of $42.20, representing a 2.4% upside. In a report issued on August 6, KeyBanc also maintained a Hold rating on the stock.
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Sealed Air’s market cap is currently $6.32B and has a P/E ratio of 19.10. The company has a Price to Book ratio of -2.49.
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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. The Food Care segment focuses on providing processors, retailers and food service operators a broad range of integrated system solutions that improve the management of contamination risk and facility hygiene during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes The Diversey Care segment represents the broad offering of Diversey branded system solutions for facility hygiene, food safety and security, and infection control. The Product Care segment offers costumers a portfolio of Product Care systems designed for use across a range of applications and industries. The Other segment involves medical applications and new venture businesses. The company was founded by Alfred W. Fielding and Marc Chavannes in 1960 and is headquartered in Charlotte, NC.
