Sealed Air Co. (NYSE:SEE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Sealed Air Co. (NYSE:SEE) have earned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $40.00.

A number of brokerages have recently issued reports on SEE. StockNews.com cut shares of Sealed Air from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Citigroup cut their price target on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Mizuho lowered their price objective 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. Wells Fargo & Company cut their target price on Sealed Air from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Morgan Stanley lowered their price target on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th.

Institutional Trading of Sealed Air

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP grew its position in shares of Sealed Air by 9.2% during the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock worth $134,000 after buying an additional 311 shares during the period. Arizona State Retirement System boosted its stake in Sealed Air by 0.8% in the fourth quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company’s stock valued at $1,430,000 after acquiring an additional 348 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its holdings in Sealed Air by 0.8% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 43,450 shares of the industrial products company’s stock worth $1,470,000 after acquiring an additional 350 shares during the period. Choreo LLC raised its position in shares of Sealed Air by 3.7% during the 4th quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock valued at $331,000 after acquiring an additional 351 shares during the last quarter. Finally, Metis Global Partners LLC lifted its stake in shares of Sealed Air by 4.3% in the 4th quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company’s stock valued at $306,000 after purchasing an additional 375 shares during the period. 94.40% of the stock is owned by institutional investors.

Sealed Air Stock Performance

Shares of NYSE SEE opened at $33.83 on Thursday. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 12.44 and a beta of 1.34. Sealed Air has a one year low of $30.87 and a one year high of $41.14. The business has a fifty day simple moving average of $34.67 and a 200 day simple moving average of $35.08. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62.

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.