UBS Group Forecasts Strong Price Appreciation for Sealed Air (NYSE:SEE) Stock

Sealed Air (NYSE:SEE) had its price objective lifted by research analysts at UBS Group from $37.00 to $38.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. UBS Group’s target price would indicate a potential upside of 11.29% from the company’s current price.

SEE has been the subject of a number of other research reports. Mizuho lowered their price objective on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company lifted their price objective on Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday. Truist Financial boosted their price target on Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Citigroup lowered their target price on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.17.

Sealed Air Stock Performance

Shares of NYSE SEE traded up $0.15 during mid-day trading on Wednesday, hitting $34.15. The company had a trading volume of 903,781 shares, compared to its average volume of 1,207,440. The firm has a market cap of $4.97 billion, a P/E ratio of 12.55 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. Sealed Air has a 12 month low of $30.87 and a 12 month high of $41.14. The business’s 50-day simple moving average is $34.14 and its 200-day simple moving average is $34.90.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the company earned $0.88 earnings per share. The company’s revenue was down .4% on a year-over-year basis. As a group, analysts predict that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Institutional Trading of Sealed Air

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

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.