Sealed Air (NYSE:SEE) Given New $44.00 Price Target at Truist Financial

Sealed Air (NYSE:SEE) had its price objective boosted by analysts at Truist Financial from $41.00 to $44.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price objective suggests a potential upside of 30.49% from the company’s previous close.

A number of other research firms have also recently issued reports on SEE. Raymond James upgraded shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research report on Thursday, October 17th. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada dropped their price objective 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. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $41.27.

Sealed Air Price Performance

Shares of Sealed Air stock opened at $33.72 on Monday. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 4.97 and a beta of 1.34. The company has a fifty day moving average of $35.54 and a 200-day moving average of $35.27. Sealed Air has a 52-week low of $30.87 and a 52-week high of $41.14. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29.

Sealed Air (NYSE:SEE) last released its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.67 by $0.12. The firm had revenue of $1.35 billion for 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 company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 earnings per share. Equities research analysts expect that Sealed Air will post 3.06 EPS for the current year.

Institutional Trading of Sealed Air

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB boosted its stake in Sealed Air by 186.1% in the 4th quarter. Nordea Investment Management AB now owns 442,857 shares of the industrial products company’s stock worth $15,031,000 after purchasing an additional 288,044 shares in the last quarter. GAMMA Investing LLC raised its holdings in Sealed Air by 218.0% in the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock worth $45,000 after buying an additional 907 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Sealed Air by 501.0% in the third quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company’s stock worth $28,853,000 after buying an additional 662,606 shares in the last quarter. Tidal Investments LLC increased its position in shares of Sealed Air by 6.7% during the third quarter. Tidal Investments LLC now owns 32,519 shares of the industrial products company’s stock valued at $1,180,000 after acquiring an additional 2,051 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in Sealed Air by 120.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 45,829 shares of the industrial products company’s stock worth $1,645,000 after acquiring an additional 25,046 shares during the last quarter. Hedge funds and other 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.