Sealed Air (NYSE:SEE) Rating Lowered to Hold at StockNews.com

Sealed Air (NYSE:SEE) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other research analysts also recently issued reports on SEE. UBS Group dropped their price objective on Sealed Air from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 17th. JPMorgan Chase & Co. cut their price target on Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Morgan Stanley started coverage on shares of Sealed Air in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $39.00 target price on the stock. Wells Fargo & Company raised their price target on shares of Sealed Air from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Finally, Truist Financial dropped their price objective on shares of Sealed Air from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $41.00.

Sealed Air Trading Down 0.5 %

Shares of SEE stock traded down $0.17 during trading hours on Friday, hitting $35.40. 1,868,990 shares of the company’s stock traded hands, compared to its average volume of 1,517,334. The stock has a market cap of $5.16 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 9.39 and a beta of 1.34. Sealed Air has a 12 month low of $30.87 and a 12 month high of $41.14. The stock’s 50 day simple moving average is $35.34 and its 200 day simple moving average is $35.65. The company has a quick ratio of 0.79, a current ratio of 1.30 and a debt-to-equity ratio of 6.81.

Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.13. Sealed Air had a return on equity of 85.65% and a net margin of 6.64%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. On average, sell-side analysts anticipate that Sealed Air will post 2.93 EPS for the current year.

Institutional Trading of Sealed Air

Several institutional investors have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System grew its position in Sealed Air by 9.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 181,455 shares of the industrial products company’s stock worth $6,750,000 after purchasing an additional 15,710 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Sealed Air during the first quarter worth $582,000. CANADA LIFE ASSURANCE Co boosted its position in Sealed Air by 10.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 156,578 shares of the industrial products company’s stock worth $5,828,000 after purchasing an additional 15,174 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in Sealed Air by 90.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 48,479 shares of the industrial products company’s stock valued at $1,804,000 after purchasing an additional 23,029 shares during the period. Finally, Deprince Race & Zollo Inc. increased its position in shares of Sealed Air by 1.4% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company’s stock valued at $64,571,000 after purchasing an additional 24,940 shares during the last quarter. 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.