UBS Group Issues Pessimistic Forecast for Sealed Air (NYSE:SEE) Stock Price

Sealed Air (NYSE:SEE) had its price objective lowered by investment analysts at UBS Group from $39.00 to $37.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. UBS Group’s price target points to a potential upside of 11.88% from the stock’s previous close.

SEE has been the topic of a number of other reports. Royal Bank of Canada cut their price objective on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a report on Thursday, October 17th. Wells Fargo & Company reduced their price target on shares of Sealed Air from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th. Citigroup decreased their target price on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Bank of America lowered their target price on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.08.

Sealed Air Price Performance

Shares of NYSE:SEE opened at $33.07 on Friday. The stock’s fifty day simple moving average is $35.28 and its two-hundred day simple moving average is $35.20. Sealed Air has a 1-year low of $30.87 and a 1-year high of $41.14. The stock has a market cap of $4.82 billion, a PE ratio of 12.16, a price-to-earnings-growth 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.

Sealed Air (NYSE:SEE) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 EPS. As a group, analysts forecast that Sealed Air will post 3.06 EPS for the current fiscal year.

Institutional Trading of Sealed Air

Institutional investors have recently modified their holdings of the stock. Quarry LP increased its stake in Sealed Air by 9.2% in the third quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 311 shares during the period. Everence Capital Management Inc. grew its holdings in Sealed Air by 2.8% during the 3rd quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company’s stock valued at $506,000 after buying an additional 380 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Sealed Air by 4.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,970 shares of the industrial products company’s stock valued at $326,000 after purchasing an additional 380 shares during the last quarter. Raymond James Trust N.A. grew 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 valued at $509,000 after purchasing an additional 466 shares during the period. Finally, Mount Yale Investment Advisors LLC increased its holdings in shares of Sealed Air by 1.3% during 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 buying an additional 467 shares during the last quarter. 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.