UBS Group Issues Pessimistic Forecast for Sealed Air (NYSE:SEE) Stock Price

Sealed Air (NYSE:SEE) had its price target decreased by UBS Group from $39.00 to $37.00 in a research report released on Friday,Benzinga reports. UBS Group currently has a neutral rating on the industrial products company’s stock.

Other research analysts have also issued research reports about the company. Royal Bank of Canada reduced their price objective on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. Citigroup reduced their target price on Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a report on Monday, January 6th. Raymond James raised Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price for the company in a report on Thursday, October 17th. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th. Finally, Truist Financial lifted their target price on Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sealed Air currently has a consensus rating of “Moderate Buy” and an average target price of $40.08.

Sealed Air Stock Down 1.8 %

SEE stock opened at $33.07 on Friday. Sealed Air has a twelve month low of $30.87 and a twelve month high of $41.14. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The firm has a market cap of $4.82 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 4.97 and a beta of 1.34. The business has a 50 day moving average of $35.35 and a 200 day moving average of $35.22.

Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the company earned $0.77 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, research analysts forecast that Sealed Air will post 3.06 EPS for the current fiscal year.

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.80 annualized dividend and a yield of 2.42%. Sealed Air’s dividend payout ratio (DPR) is presently 29.41%.

Hedge Funds Weigh In On Sealed Air

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL purchased a new position in Sealed Air during the second quarter valued at $34,000. GAMMA Investing LLC lifted its position in Sealed Air by 218.0% during the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 907 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Sealed Air by 523.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 2,445 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Sealed Air during the second quarter valued at $105,000. Finally, Quarry LP lifted its position in Sealed Air by 230.1% during the second quarter. Quarry LP now owns 3,390 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 2,363 shares in the last quarter. 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.