Jefferies Reaffirms Their Hold Rating on Sealed Air

By Ryan Adsit

Jefferies analyst Philip Ng reiterated a Hold rating on Sealed Air (NYSE: SEE) on September 12 and set a price target of $44. The company’s shares opened today at $43.31.

According to TipRanks.com, Ng is a top 25 analyst with an average return of 18.2% and a 86.0% success rate. Ng covers the Consumer Goods sector, focusing on stocks such as Orchids Paper Products Company, International Paper Co, and General Dynamics Corp.

Currently, the analyst consensus on Sealed Air is Moderate Buy and the average price target is $48.57, representing a 12.1% upside.

In a report issued on September 7, Citigroup also downgraded the stock to Hold with a $47 price target.

The company has a one year high of $50.62 and a one year low of $41.74. Currently, Sealed Air has an average volume of 2.07M.

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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.