Sealed Air (NYSE:SEE) Price Target Cut to $42.00 by Analysts at Citigroup

Sealed Air (NYSE:SEE) had its target price decreased by Citigroup from $44.00 to $42.00 in a research report report published on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the industrial products company’s stock.

Other analysts also recently issued reports about the company. Royal Bank of Canada decreased their price target on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a report on Thursday, October 17th. Wells Fargo & Company lowered their target price on Sealed Air from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Monday. Truist Financial lifted their price objective on shares of Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday. Bank of America dropped their price objective on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Monday. Finally, StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sealed Air presently has a consensus rating of “Moderate Buy” and an average price target of $40.17.

Sealed Air Trading Down 1.5 %

SEE opened at $33.71 on Monday. The company has a market cap of $4.91 billion, a P/E ratio of 12.39, a PEG ratio of 4.97 and a beta of 1.34. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The company’s 50 day moving average is $35.40 and its 200-day moving average is $35.23. Sealed Air has a 1-year low of $30.87 and a 1-year high of $41.14.

Sealed Air (NYSE:SEE) last posted its earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company earned $0.77 earnings per share. The business’s quarterly revenue was down 2.7% on a year-over-year basis. Equities research analysts predict that Sealed Air will post 3.06 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.37%. The ex-dividend date was Friday, December 6th. Sealed Air’s dividend payout ratio is presently 29.41%.

Institutional Trading of Sealed Air

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP boosted its position in Sealed Air by 9.2% during the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock valued at $134,000 after buying an additional 311 shares during the period. Everence Capital Management Inc. raised its holdings in shares of Sealed Air by 2.8% during the third quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company’s stock valued at $506,000 after acquiring an additional 380 shares in the last quarter. United Services Automobile Association increased its position in shares of Sealed Air by 3.5% during the second quarter. United Services Automobile Association now owns 11,533 shares of the industrial products company’s stock valued at $401,000 after buying an additional 393 shares during the period. Raymond James Trust N.A. lifted its holdings in Sealed Air by 3.4% in the third quarter. Raymond James Trust N.A. now owns 14,016 shares of the industrial products company’s stock worth $509,000 after buying an additional 466 shares during the period. Finally, Mount Yale Investment Advisors LLC raised its position in shares of Sealed Air by 1.3% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 36,643 shares of the industrial products company’s stock worth $1,275,000 after acquiring an additional 467 shares in the last quarter. Institutional investors own 94.40% of the company’s stock.

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.