Sealed Air (SEE) At $44.60 Forms Bottom; Bamco Upped Bitauto Hldgs LTD (BITA) Holding By $9.61 Million

March 13, 2018 - By Danny Collins

Sealed Air Corporation (SEE) formed multiple bottom with $41.48 target or 7.00% below today’s $44.60 share price. Sealed Air Corporation (SEE) has $7.47 billion valuation. The stock decreased 0.11% or $0.05 during the last trading session, reaching $44.6. About 936,653 shares traded. Sealed Air Corporation (NYSE:SEE) has declined 6.94% since March 13, 2017 and is downtrending. It has underperformed by 23.64% the S&P500.

Bamco Inc increased Bitauto Hldgs Ltd (BITA) stake by 17.12% reported in 2017Q3 SEC filing. Bamco Inc acquired 218,380 shares as Bitauto Hldgs Ltd (BITA)’s stock rose 71.89%. The Bamco Inc holds 1.49M shares with $66.76M value, up from 1.28 million last quarter. Bitauto Hldgs Ltd now has $2.20B valuation. The stock increased 3.19% or $0.98 during the last trading session, reaching $31.73. About 978,367 shares traded. Bitauto Holdings Limited (NYSE:BITA) has risen 69.99% since March 13, 2017 and is uptrending. It has outperformed by 53.29% the S&P500.

Bamco Inc decreased Netflix Inc (NASDAQ:NFLX) stake by 8,532 shares to 33,363 valued at $6.05 million in 2017Q3. It also reduced Qts Rlty Tr Inc (NYSE:QTS) stake by 53,575 shares and now owns 180,518 shares. Masco Corp (NYSE:MAS) was reduced too.

Among 9 analysts covering Bitauto Holdings (NYSE:BITA), 8 have Buy rating, 1 Sell and 0 Hold. Therefore 89% are positive. Bitauto Holdings has $44 highest and $20 lowest target. $33.75’s average target is 6.37% above currents $31.73 stock price. Bitauto Holdings had 15 analyst reports since October 29, 2015 according to SRatingsIntel. The rating was initiated by JP Morgan on Wednesday, August 31 with “Overweight”. The stock of Bitauto Holdings Limited (NYSE:BITA) has “Neutral” rating given on Tuesday, February 23 by JP Morgan. The stock has “Outperform” rating by Credit Suisse on Wednesday, March 9. Credit Agricole upgraded the shares of BITA in report on Monday, February 22 to “Buy” rating. The company was initiated on Tuesday, January 2 by Citigroup. The stock of Bitauto Holdings Limited (NYSE:BITA) has “Outperform” rating given on Wednesday, May 24 by CLSA. HSBC initiated the stock with “Buy” rating in Wednesday, January 27 report. Macquarie Research initiated the shares of BITA in report on Friday, July 8 with “Outperform” rating. The stock of Bitauto Holdings Limited (NYSE:BITA) earned “Buy” rating by CLSA on Friday, September 1. The stock of Bitauto Holdings Limited (NYSE:BITA) earned “Underperform” rating by Credit Agricole on Tuesday, November 10.

Analysts await Sealed Air Corporation (NYSE:SEE) to report earnings on May, 8. They expect $0.50 EPS, up 16.28% or $0.07 from last year’s $0.43 per share. SEE’s profit will be $83.69M for 22.30 P/E if the $0.50 EPS becomes a reality. After $0.58 actual EPS reported by Sealed Air Corporation for the previous quarter, Wall Street now forecasts -13.79% negative EPS growth.