Bank of America Securities analyst George Staphos maintained a Buy rating on Sealed Air (SEE – Research Report) today. The company’s shares opened today at $33.90.
According to TipRanks, Staphos is a 4-star analyst with an average return of 6.5% and a 54.87% success rate. Staphos covers the Consumer Cyclical sector, focusing on stocks such as Ball, International Paper Co, and Sealed Air.
Currently, the analyst consensus on Sealed Air is a Moderate Buy with an average price target of $43.13, which is a 27.23% upside from current levels. In a report released today, Truist Financial also upgraded the stock to a Buy with a $44.00 price target.
Based on Sealed Air’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.38 billion and a net profit of $56.6 million. In comparison, last year the company earned a revenue of $1.4 billion and had a net profit of $134.2 million
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Sealed Air (SEE) Company Description:
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.
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