Sealed Air (NYSE:SEE) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Sealed Air (NYSE:SEE) from a buy rating to a hold rating in a research report report published on Monday.

Other equities research analysts have also issued research reports about the stock. Raymond James raised shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research note on Thursday, October 17th. Royal Bank of Canada cut their price objective on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. Truist Financial upped 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. Wells Fargo & Company lowered their target price on Sealed Air from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Mizuho reduced their price target on Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Sealed Air Trading Up 1.6 %

SEE opened at $34.51 on Monday. Sealed Air has a one year low of $30.87 and a one year high of $41.14. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The business has a 50 day simple moving average of $35.18 and a two-hundred day simple moving average of $35.18. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 7.98 and a beta of 1.34.

Sealed Air (NYSE:SEE) last announced its earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. Analysts predict that Sealed Air will post 3.05 EPS for the current year.

Hedge Funds Weigh In On Sealed Air

A number of hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its stake in Sealed Air by 5.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 16,199 shares of the industrial products company’s stock valued at $564,000 after purchasing an additional 788 shares in the last quarter. Choreo LLC purchased a new stake in shares of Sealed Air during the second quarter valued at approximately $338,000. American Century Companies Inc. increased its position in shares of Sealed Air by 4.8% during the second quarter. American Century Companies Inc. now owns 31,877 shares of the industrial products company’s stock valued at $1,109,000 after acquiring an additional 1,468 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Sealed Air by 5.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 553,230 shares of the industrial products company’s stock worth $19,247,000 after acquiring an additional 27,554 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Sealed Air by 33.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company’s stock valued at $66,475,000 after acquiring an additional 479,675 shares in the last quarter. 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.