Sealed Air (NYSE:SEE) Upgraded by StockNews.com to “Buy” Rating

Sealed Air (NYSE:SEE) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

A number of other research analysts have also weighed in on the company. Citigroup reduced their price objective on Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research 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 on the stock in a research report on Monday, January 6th. Truist Financial raised their price target on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, January 6th. UBS Group reduced their target price on Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Finally, Mizuho reduced 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. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Sealed Air Trading Down 1.4 %

NYSE:SEE traded down $0.46 during mid-day trading on Wednesday, reaching $33.19. 1,484,329 shares of the company’s stock traded hands, compared to its average volume of 1,129,423. Sealed Air has a 12-month low of $30.87 and a 12-month high of $41.14. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 12.20 and a beta of 1.34. 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 company has a 50 day moving average price of $34.38 and a 200-day moving average price of $34.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC lifted its holdings in shares of Sealed Air by 81.4% in the third quarter. CWM LLC now owns 5,961 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 2,675 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Sealed Air by 20.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,590 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 1,441 shares during the last quarter. GHP Investment Advisors Inc. increased its position in shares of Sealed Air by 8.9% in the third quarter. GHP Investment Advisors Inc. now owns 40,625 shares of the industrial products company’s stock worth $1,475,000 after acquiring an additional 3,334 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Sealed Air by 51.0% in the third quarter. State of Alaska Department of Revenue now owns 129,129 shares of the industrial products company’s stock worth $4,686,000 after acquiring an additional 43,635 shares in the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of Sealed Air by 5.5% in the third quarter. New York State Teachers Retirement System now owns 166,502 shares of the industrial products company’s stock worth $6,044,000 after acquiring an additional 8,669 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

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.