Sealed Air (NYSE:SEE) PT Lowered to $36.00

Sealed Air (NYSE:SEE) had its target price dropped by research analysts at Mizuho from $39.00 to $36.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. Mizuho’s price objective would indicate a potential upside of 3.03% from the company’s current price.

A number of other equities analysts have also weighed in on SEE. Wells Fargo & Company raised Sealed Air from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $35.00 to $43.00 in a research report on Thursday, January 11th. Wolfe Research started coverage on Sealed Air in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Finally, Truist Financial upgraded Sealed Air from a “hold” rating to a “buy” rating and upped their price target for the stock from $39.00 to $44.00 in a research note on Monday, April 8th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $43.91.

Sealed Air Trading Up 8.8 %

Shares of SEE opened at $34.94 on Friday. The company has a market capitalization of $5.09 billion, a P/E ratio of 14.81, a P/E/G ratio of 3.52 and a beta of 1.31. Sealed Air has a 1-year low of $28.50 and a 1-year high of $47.12. The firm’s 50 day simple moving average is $34.37 and its 200 day simple moving average is $34.34. The company has a debt-to-equity ratio of 8.21, a current ratio of 1.30 and a quick ratio of 0.79.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.26. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Sealed Air had a net margin of 6.22% and a return on equity of 107.48%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. Sell-side analysts forecast that Sealed Air will post 2.8 earnings per share for the current fiscal year.

Institutional Trading of Sealed Air

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CVA Family Office LLC bought a new stake in Sealed Air during the fourth quarter valued at about $27,000. Bruce G. Allen Investments LLC acquired a new stake in Sealed Air in the fourth quarter valued at approximately $29,000. Fidelis Capital Partners LLC acquired a new stake in Sealed Air in the 1st quarter worth about $31,000. Massmutual Trust Co. FSB ADV increased its position in shares of Sealed Air by 81.9% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 997 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 449 shares in the last quarter. Finally, Column Capital Advisors LLC lifted its stake in shares of Sealed Air by 57.9% in the third quarter. Column Capital Advisors LLC now owns 1,050 shares of the industrial products company’s stock worth $35,000 after buying an additional 385 shares in the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.

About Sealed Air

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.