Sealed Air (NYSE:SEE) PT Raised to $44.00

Sealed Air (NYSE:SEE) had its price objective hoisted by investment analysts at Wells Fargo & Company from $43.00 to $44.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 32.85% from the company’s current price.

SEE has been the topic of several other reports. Stifel Nicolaus assumed coverage on shares of Sealed Air in a research report on Tuesday, July 9th. They set a “buy” rating and a $47.00 target price on the stock. StockNews.com downgraded shares of Sealed Air from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. William Blair reaffirmed a “market perform” rating on shares of Sealed Air in a report on Thursday, May 2nd. Royal Bank of Canada lowered Sealed Air from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $43.00 to $40.00 in a research note on Friday, July 19th. Finally, Jefferies Financial Group downgraded Sealed Air from a “buy” rating to a “hold” rating and dropped their price objective for the company from $47.00 to $35.00 in a research note on Friday. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $42.60.

Sealed Air Stock Performance

NYSE SEE traded down $2.44 during trading hours on Friday, hitting $33.12. 5,738,566 shares of the stock were exchanged, compared to its average volume of 1,193,024. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 7.49. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 4.27 and a beta of 1.35. Sealed Air has a 12-month low of $28.50 and a 12-month high of $41.14. The stock has a 50-day moving average of $36.31 and a 200 day moving average of $35.73.

Sealed Air (NYSE:SEE) last issued its earnings results on Thursday, August 8th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.19. Sealed Air had a return on equity of 94.93% and a net margin of 6.61%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the business posted $0.80 EPS. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, equities research analysts forecast that Sealed Air will post 2.86 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invenomic Capital Management LP acquired a new stake in shares of Sealed Air during the fourth quarter worth $6,834,000. BNP Paribas Financial Markets lifted its holdings in shares of Sealed Air by 158.5% during the 4th quarter. BNP Paribas Financial Markets now owns 322,620 shares of the industrial products company’s stock worth $11,782,000 after acquiring an additional 197,799 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of Sealed Air during the 4th quarter worth about $2,965,000. State Board of Administration of Florida Retirement System boosted its position in shares of Sealed Air by 9.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 181,455 shares of the industrial products company’s stock worth $6,750,000 after acquiring an additional 15,710 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sealed Air in the first quarter valued at approximately $582,000. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Sealed Air Company Profile

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.