Sealed Air (NYSE:SEE) Stock Rating Upgraded by StockNews.com

Sealed Air (NYSE:SEE) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Other equities research analysts also recently issued reports about the stock. Raymond James raised shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research report on Thursday, October 17th. Jefferies Financial Group lowered Sealed Air from a “buy” rating to a “hold” rating and dropped their price target for the stock from $47.00 to $35.00 in a report on Friday, August 9th. JPMorgan Chase & Co. reduced their price objective on Sealed Air from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Royal Bank of Canada decreased their target price on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. Finally, Morgan Stanley began coverage on shares of Sealed Air in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $39.00 price target for the company. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Sealed Air currently has an average rating of “Moderate Buy” and an average target price of $41.00.

Sealed Air Stock Performance

Shares of Sealed Air stock opened at $35.90 on Friday. Sealed Air has a 52 week low of $30.87 and a 52 week 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 business has a 50 day moving average price of $35.69 and a 200-day moving average price of $35.86. The company has a market cap of $5.23 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 4.91 and a beta of 1.34.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the firm posted $0.77 EPS. Sealed Air’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities analysts anticipate that Sealed Air will post 3.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sealed Air

Several hedge funds and other institutional investors have recently modified their holdings of SEE. Family Firm Inc. bought a new position in shares of Sealed Air in the second quarter worth $26,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Sealed Air in the 2nd quarter valued at about $34,000. Allspring Global Investments Holdings LLC boosted its position in shares of Sealed Air by 100.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,833 shares of the industrial products company’s stock valued at $99,000 after acquiring an additional 1,422 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Sealed Air by 523.6% during 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. purchased a new position in shares of Sealed Air during the second quarter worth about $105,000. 94.40% of the stock is currently owned by institutional investors.

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.