BMO Capital analyst Mark Wilde reiterated a Hold rating on Sealed Air (NYSE: SEE) on March 10 and set a price target of $50. The company’s shares closed yesterday at $45.04.
According to TipRanks.com, Wilde is a 5-star analyst with an average return of 14.0% and a 72.7% success rate. Wilde covers the Consumer Goods sector, focusing on stocks such as Multi Packaging Solutions, International Paper Co, and Graphic Packaging.
Currently, the analyst consensus on Sealed Air is Moderate Buy and the average price target is $51.75, representing a 14.9% upside.
In a report issued on March 1, Jefferies also maintained a Hold rating on the stock with a $45 price target.
The company has a one year high of $52.83 and a one year low of $42.01. Currently, Sealed Air has an average volume of 1.79M.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. Last month, Ruth Roper, the VP of SEE sold 18,000 shares for a total of $793,440.
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. 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 invovles medical applications and new venture businesses. The company was founded by Alfred W. Fielding and Marc Chavannes in 1960 and is headquartered in Elmwood Park, NJ.
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