Sealed Air (NYSE:SEE) Rating Increased to Buy at StockNews.com

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

A number of other research analysts have also commented on SEE. Morgan Stanley cut their target price on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Truist Financial upped their price target on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Mizuho cut their price target on Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Bank of America dropped their price target on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, UBS Group dropped their price target on Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Seven 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 MarketBeat, Sealed Air currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Sealed Air Stock Performance

SEE traded down $0.46 on Wednesday, hitting $33.19. The company had a trading volume of 1,484,329 shares, compared to its average volume of 1,129,423. The company’s fifty day moving average price is $34.38 and its 200 day moving average price is $34.95. Sealed Air has a 1-year low of $30.87 and a 1-year high of $41.14. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 12.20 and a beta of 1.34.

Institutional Investors Weigh In On Sealed Air

A number of large investors have recently added to or reduced their stakes in SEE. Pacer Advisors Inc. bought a new stake in shares of Sealed Air in the third quarter worth about $139,800,000. Vanguard Group Inc. boosted its position in shares of Sealed Air by 17.7% in the 4th quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company’s stock worth $620,117,000 after purchasing an additional 2,754,395 shares in the last quarter. Invesco Ltd. boosted its position in shares of Sealed Air by 69.2% in the 4th quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company’s stock worth $128,176,000 after purchasing an additional 1,549,184 shares in the last quarter. Norges Bank bought a new stake in shares of Sealed Air in the 4th quarter worth approximately $50,562,000. Finally, Swedbank AB bought a new stake in shares of Sealed Air in the 3rd quarter worth approximately $53,681,000. 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.