Sealed Air (NYSE:SEE) Price Target Raised to $43.00

Sealed Air (NYSE:SEE) had its price objective upped by equities researchers at Wells Fargo & Company from $42.00 to $43.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 23.02% from the stock’s current price.

SEE has been the topic of several other research reports. Citigroup dropped their target price on Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Truist Financial lifted their price target on Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Mizuho dropped their target price on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Bank of America dropped their price objective on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, 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 research note on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Sealed Air has an average rating of “Moderate Buy” and an average price target of $40.08.

Sealed Air Trading Up 2.8 %

NYSE:SEE opened at $34.96 on Wednesday. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. Sealed Air has a 1 year low of $30.87 and a 1 year high of $41.14. The stock has a market cap of $5.09 billion, a P/E ratio of 12.75 and a beta of 1.34. The stock has a 50-day simple moving average of $34.14 and a 200-day simple moving average of $34.90.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 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 .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share. As a group, analysts anticipate that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sealed Air

A number of institutional investors have recently added to or reduced their stakes in SEE. Kwmg LLC raised its holdings in shares of Sealed Air by 5.0% in the 4th quarter. Kwmg LLC now owns 136,537 shares of the industrial products company’s stock worth $4,619,000 after purchasing an additional 6,527 shares during the period. Empowered Funds LLC acquired a new position in Sealed Air during the third quarter valued at approximately $1,497,000. Maple Rock Capital Partners Inc. lifted its position in Sealed Air by 56.6% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock valued at $55,085,000 after buying an additional 548,493 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of Sealed Air by 13.8% in the fourth quarter. Sound Income Strategies LLC now owns 79,429 shares of the industrial products company’s stock worth $2,687,000 after acquiring an additional 9,634 shares in the last quarter. Finally, Commerce Bank increased its position in shares of Sealed Air by 67.6% in the third quarter. Commerce Bank now owns 36,601 shares of the industrial products company’s stock worth $1,329,000 after acquiring an additional 14,766 shares in the last quarter. Hedge funds and other 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.