This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
|Zacks Rank||Definition||Annualized Return|
Zacks Rank Education - Learn more about the Zacks Rank
Zacks Rank Home - All Zacks Rank resources in one place
Zacks Premium - The only way to get access to the Zacks Rank
Sealed Air Corp. (SEE)
by Zacks Equity ResearchSeptember 13, 2012 | Comments : 0 Recommended this article: (0)
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at firstname.lastname@example.org or call 800-767-3771 ext. 9339.
Even though the Diversey acquisition has added to the company's growth profile, the company is exposed to significant leverage owing to the debt incurred to fund the acquisition. Volumes at Diversey have been weaker than expected due to its wide exposure in Europe. Furthermore, given the size of the deal, we are apprehensive of integration risks.
Considering the difficult macro environment, foreign exchange headwinds and lower volumes, the company has reduced its EPS guidance for 2012 to $1.00-$1.10. We thus maintain our Underperform recommendation with a target price of $14.00.
Please login to Zacks.com or register to post a comment.