In a report issued on July 11, Philip Ng from Jefferies maintained a Buy rating on Sealed Air (SEE – Research Report), with a price target of $75.00. The company’s shares closed last Thursday at $55.72, close to its 52-week low of $53.87.
According to TipRanks.com, Ng is a 5-star analyst with an average return of 7.0% and a 53.3% success rate. Ng covers the Basic Materials sector, focusing on stocks such as International Paper Co, Berry Global Group, and Graphic Packaging.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sealed Air with a $70.60 average price target, a 27.9% upside from current levels. In a report released yesterday, UBS also maintained a Buy rating on the stock with a $70.00 price target.
The company has a one-year high of $70.73 and a one-year low of $53.87. Currently, Sealed Air has an average volume of 841.1K.
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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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