Robert W. Baird Sticks to Their Hold Rating for Sealed Air (SEE)

Robert W. Baird analyst Ghansham Panjabi maintained a Hold rating on Sealed Air (SEEResearch Report) on January 17 and set a price target of $52.00. The company’s shares closed yesterday at $53.38.

Panjabi covers the Basic Materials sector, focusing on stocks such as AptarGroup, Crown Holdings, and Sealed Air. According to TipRanks, Panjabi has an average return of 8.5% and a 62.82% success rate on recommended stocks.

Currently, the analyst consensus on Sealed Air is a Moderate Buy with an average price target of $57.33, a 7.40% upside from current levels. In a report released on January 12, Mizuho Securities also maintained a Hold rating on the stock with a $61.00 price target.

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SEE market cap is currently $7.82B and has a P/E ratio of 14.21.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SEE in relation to earlier this year.

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 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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