Sealed Air Corporation (NYSE:SEE) registered a 1.80% increase, still its new closing price is 29.65% up from the company’s 1 year high of 52.29.It posted 1.12% gains in previous 5 sessions and is now the subject of 6 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 4 buy or better ratings. The 17 stock analysts following this company have an average price target at $53.57, with individual PT in the $46.00-$60.00 range. The shares moved at $49.78, implying that brokerage firms see shares gaining about 19.97% in twelve months time.
Sealed Air Corporation (SEE) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 9.79% rise year to date. A Director at Sealed Air Corporation (SEE) offloaded shares in a transaction closed on Tuesday August 09, 2016. CODEY LAWRENCE R sold 200 shares in the company at $46.5 each and collected $9,000 in proceeds. CODEY LAWRENCE R now owns 41,980 shares in the company after this transaction. A Vice President in the company, Roper Ruth, disclosed a transaction on Monday February 22, 2016 that ended up generating $793,000 from the sale of 18,000 shares at $44.08 per share.
Sealed Air Corporation (NYSE:SEE) Upcoming Results on Tap
Sealed Air Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.76 in that period. Sales during the quarter are predicted to arrive at $1.64 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.72 billion in revenue and EPS of $0.71. The mean forecast was for $1.74 billion and $0.69 a share, respectively. One quarter earlier, revenue for the stock was at $1.73 billion, with earnings at $0.65/share.
Sealed Air Corporation (SEE) Brokerage Update
Sealed Air Corporation (SEE) is in Citigroup’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by Citigroup, according to news reported on Friday July 15, 2016.Another important research note was issued by BofA/Merrill on Friday February 19, 2016.The firm upgraded SEE to Buy from Neutral. Over the last six months and over the last three months, the shares of Sealed Air Corporation (SEE), have changed 8.42% and 9.59%, respectively.