Sealed Air (NYSE:SEE) Hit With “Buy” Rating From Jefferies, Analysts Expect $53.0000 Stock Price

May 18, 2018 - By Milton Kimbrough

Sealed Air Corporation (NYSE:SEE) Logo

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

In a research report revealed to clients today, Jefferies analysts started Sealed Air (NYSE:SEE) coverage with “Buy” rating, and a $53.0000 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. Bank of America maintained Sealed Air Corporation (NYSE:SEE) on Friday, February 9 with “Buy” rating. The rating was maintained by Citigroup with “Neutral” on Friday, May 4. The rating was upgraded by Barclays Capital on Friday, December 15 to “Overweight”. The firm has “Hold” rating given on Wednesday, January 31 by SunTrust. Bank of America maintained it with “Buy” rating and $50 target in Friday, May 4 report. On Thursday, January 25 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock of Sealed Air Corporation (NYSE:SEE) has “Buy” rating given on Monday, February 12 by Vertical Research. KeyBanc Capital Markets maintained Sealed Air Corporation (NYSE:SEE) on Friday, February 9 with “Hold” rating. The stock of Sealed Air Corporation (NYSE:SEE) earned “Neutral” rating by JP Morgan on Monday, February 12. Citigroup maintained the stock with “Neutral” rating in Friday, February 9 report.

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: Streetinsider.com, which released: “Sealed Air (SEE) Board of Directors Elects Jerry R. Whitaker Chairman” on May 17, 2018. Benzinga.com‘s article titled: “Benzinga’s Top Upgrades, Downgrades For May 18, 2018” and published on May 18, 2018 is yet another important article.

Sealed Air Corporation (NYSE:SEE) Ratings Chart

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