Sealed Air Corporation (SEE) : Analyst Rating Update

Sealed Air Corporation (SEE) has an average broker rating of 1.86, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Sealed Air Corporation (SEE) : The highest level Sealed Air Corporation (SEE) is projected to reach is $57 for the short term and the lowest estimate is at $45. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $52.25 and the possibility the share price can swing is $5.25.

Sealed Air Corporation (NYSE:SEE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.06 and $44.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.81, notching a gain of 1.55% for the day. The total traded volume was 1,380,363 . The stock had closed at $45.11 on the previous day.

Also, Major Brokerage house, Goldman Sachs assumes its ratings on Sealed Air Corporation (NYSE:SEE). In the latest research report, Goldman Sachs announces the target price to $59 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 1, 2016. The company shares have dropped -11.88% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $55.84 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $46.48 and the 200 Day Moving Average price is recorded at $45.71.

Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Companys segments include Food Care, which provides integrated system solutions for retailers and food service operators; Diversey Care, which provides integrated system solutions for food safety and security under Diversey brand; Product Care, which provides product care solutions to meet cushioning, void fill, positioning or block-and-bracing and surface protection, among others, and Other, which includes corporate, medical applications and new ventures businesses. Its brands include Cryovac packaging technology, Diversey and Taski brand cleaning and hygiene solutions, Bubble Wrap brand cushioning, Jiffy protective mailers and Instapak foam-in-place systems. In addition, the Company offers I-Pack system, which supports various pick stations, and e-Cube system, which is an automated packaging solution.

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