Hot Stock to Watch: Sealed Air Corporation

The stock of Sealed Air Corp (NYSE:SEE) has "Buy" rating given on Wednesday, July 13 by SunTrust. However the price at the close of last session was 6.00% higher than its 50-day moving average and 12.11% over its 200-day moving average.

A number of brokerages have issued reports on AL. Zacks Investment Research raised shares of Air Lease Corp from a "hold" rating to a "buy" rating and set a $44.00 price objective for the company in a report on Tuesday, February 21st. KeyCorp reissued a "hold" rating on shares of Sealed Air Corp in a research note on Friday, February 24th. BMO Capital Markets reiterated a hold rating and issued a $45.00 price objective (down previously from $50.00) on shares of Sealed Air Corp in a research note on Tuesday, March 28th.

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Forward Air Corporation has a 50 day moving average of 47.60 and a 200 day moving average of 47.10. The stock of Sealed Air Corp (NYSE:SEE) has "Buy" rating given on Friday, February 19 by Bank of America. The company has market cap of $8.50 billion.

Shares of Air Lease Corp (NYSE:AL) have been given a consensus recommendation of "Buy" by the nine analysts that are covering the stock. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.03.

12 number of analysts have estimated the sales of the company for the quarter ending May 9, 2017, analysts estimated mean sale target of 1710.58 million while high and low sale targets are estimated at 1804 million and 1660 million respectively. Air Lease Corp had a net margin of 26.09% and a return on equity of 14.83%.

"In addition to the six new 737 MAX 8s ALC placed with LOT previous year (first delivery November 2017), the Dreamliner offers new efficiencies and an enhanced passenger experience that will better serve their growing route networks", said Alex Khatibi, Air Lease Executive Vice President.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 7th. Investors of record on Monday, March 20th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, March 16th. On average, equities analysts forecast that Sealed Air Corp will post $2.71 earnings per share for the current year. These ratios are important while doing valuation of the company or the shares of the company.

In related news, EVP John D. Poerschke sold 3,959 shares of the stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $39.09, for a total transaction of $154,757.31. Following the completion of the transaction, the executive vice president now owns 48,140 shares in the company, valued at approximately $1,881,792.60. The disclosure for this sale can be found here.

Institutional investors have recently made changes to their positions in the company. UBS Asset Management Americas Inc. raised its stake in Sealed Air Corp by 0.8% in the third quarter. Ray Gerald L & Associates Ltd. now owns 9,433 shares of the company's stock worth $432,000 after buying an additional 33 shares in the last quarter. Bank of Montreal Can raised its position in Air Lease Corp by 0.9% in the first quarter. Howard Hughes Medical Institute now owns 4,846 shares of the company's stock worth $222,000 after buying an additional 4,123 shares in the last quarter. Finally, Mogy Joel R Investment Counsel Inc. acquired a new stake in shares of Air Lease Corp during the third quarter worth $203,000. Advisor Group Inc. now owns 4,196 shares of the transportation company's stock valued at $120,000 after buying an additional 2,693 shares during the period. Global X Management Co. Hedge funds and other institutional investors own 90.06% of the company's stock.

ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions.