William Blair initiated research coverage of Sealed Air Corporation (SEE $59.09). Sealed Air is a global provider of packaging solutions used for food, e-commerce, electronic, and industrial markets.
Analyst Lawrence De Maria estimated that the company would earn $3.60 per share in 2021 and $4.20 per share in 2022.
“We believe Sealed Air has 1) a solid organic growth outlook and is well positioned to capitalize on key global trends, 2) an emerging equipment automation story that will lead to sales and margin growth, 3) a plan to improve operations that will result in margins expansion, and 4) the potential for multiple expansion once investors comprehend the entire story of Sealed Air and begin to view it as a sustainable, profitable, growth company,” De Maria said. “We believe Sealed Air is an above-average top-line growing company, with operating leverage and an emerging equipment/automation story that will lead to multiple growth and earnings compounding as investor perception improves over the next few years.”
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Current Ratings Distribution (as of 8/22/21)
Outperform (Buy): 76%
Market Perform (Hold): 24%
Underperform (Sell): 1%
Inv. Banking Relationships*
Outperform (Buy): 31%
Market Perform (Hold): 13%
Underperform (Sell): 0%
* Percentage of companies in each rating category that are investment banking clients, defined as companies for which William Blair has received compensation for investment banking services within the past 12 months.
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