Sealed Air (NYSE:SEE) Upgraded by StockNews.com to “Buy” Rating

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

Several other brokerages have also commented on SEE. Morgan Stanley began coverage on shares of Sealed Air in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $39.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Sealed Air from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Raymond James upgraded shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research note on Thursday, October 17th. Royal Bank of Canada decreased their price target on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a report on Thursday, October 17th. Finally, Truist Financial decreased their target price on Sealed Air from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sealed Air presently has an average rating of “Moderate Buy” and an average target price of $41.00.

Sealed Air Trading Up 2.1 %

Sealed Air stock opened at $37.23 on Tuesday. Sealed Air has a 12 month low of $30.87 and a 12 month high of $41.14. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The stock has a market cap of $5.42 billion, a P/E ratio of 13.69, a P/E/G ratio of 5.05 and a beta of 1.34. The company’s fifty day simple moving average is $35.94 and its 200-day simple moving average is $35.73.

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

Institutional Investors Weigh In On Sealed Air

Several large investors have recently bought and sold shares of the company. Family Firm Inc. bought a new position in shares of Sealed Air during the 2nd quarter valued at about $26,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Sealed Air during the 2nd quarter worth approximately $34,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Sealed Air by 100.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,833 shares of the industrial products company’s stock valued at $99,000 after purchasing an additional 1,422 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Sealed Air by 523.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 2,445 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Sealed Air in the second quarter valued at $105,000. 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.