Sealed Air (NYSE:SEE) Upgraded at StockNews.com

Sealed Air (NYSE:SEE) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other brokerages also recently weighed in on SEE. Mizuho raised shares of Sealed Air from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $36.00 to $50.00 in a research note on Thursday, June 6th. Citigroup dropped their target price on shares of Sealed Air from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Royal Bank of Canada downgraded shares of Sealed Air from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $43.00 to $40.00 in a research note on Friday, July 19th. Truist Financial reissued a “buy” rating and set a $44.00 price target on shares of Sealed Air in a research note on Monday, June 17th. Finally, Stifel Nicolaus assumed coverage on shares of Sealed Air in a research note on Tuesday, July 9th. They set a “buy” rating and a $47.00 price target for the company. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.60.

Sealed Air Price Performance

NYSE:SEE traded down $2.45 on Friday, reaching $33.11. The stock had a trading volume of 5,738,564 shares, compared to its average volume of 1,193,024. The company has a market capitalization of $4.82 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 4.27 and a beta of 1.35. Sealed Air has a 1-year low of $28.50 and a 1-year high of $41.14. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 7.49. The stock has a fifty day moving average price of $36.31 and a 200-day moving average price of $35.74.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Thursday, August 8th. The industrial products company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.19. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 earnings per share. Research analysts forecast that Sealed Air will post 2.86 EPS for the current year.

Institutional Investors Weigh In On Sealed Air

Several large investors have recently bought and sold shares of SEE. Raymond James Financial Services Advisors Inc. increased its stake in Sealed Air by 4.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,824 shares of the industrial products company’s stock valued at $286,000 after purchasing an additional 342 shares in the last quarter. Arizona State Retirement System increased its stake in Sealed Air by 2.5% in the fourth quarter. Arizona State Retirement System now owns 40,369 shares of the industrial products company’s stock valued at $1,474,000 after purchasing an additional 977 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Sealed Air by 6,254.6% in the fourth quarter. International Assets Investment Management LLC now owns 106,821 shares of the industrial products company’s stock valued at $3,901,000 after buying an additional 105,140 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of Sealed Air by 17.1% in the fourth quarter. New York State Teachers Retirement System now owns 165,933 shares of the industrial products company’s stock valued at $6,060,000 after buying an additional 24,182 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Sealed Air by 272.6% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 100,560 shares of the industrial products company’s stock valued at $3,675,000 after buying an additional 73,573 shares during the period. 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.