Sealed Air (NYSE:SEE) Price Target Raised to $38.00

Sealed Air (NYSE:SEE) had its target price upped by UBS Group from $37.00 to $38.00 in a research note released on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the industrial products company’s stock.

SEE has been the subject of several other reports. Mizuho reduced their price objective on Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Morgan Stanley cut their price target 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 lifted their price objective on shares of Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Citigroup reduced 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 note on Monday, January 6th. Finally, Bank of America lowered their target price on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a report 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.17.

Sealed Air Price Performance

Shares of NYSE SEE opened at $34.21 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The stock has a market cap of $4.98 billion, a P/E ratio of 12.58 and a beta of 1.34. The stock has a 50 day moving average of $34.12 and a two-hundred day moving average of $34.90. Sealed Air has a twelve month low of $30.87 and a twelve month high of $41.14.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. Sealed Air’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. On average, research analysts forecast that Sealed Air will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Friday, March 14th. Sealed Air’s payout ratio is currently 44.20%.

Institutional Trading of Sealed Air

A number of institutional investors have recently bought and sold shares of the company. Quarry LP raised its stake in shares of Sealed Air by 9.2% during the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock worth $134,000 after buying an additional 311 shares during the last quarter. Arizona State Retirement System increased its holdings in Sealed Air by 0.8% during the 4th quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company’s stock valued at $1,430,000 after acquiring an additional 348 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its position in Sealed Air by 0.8% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 43,450 shares of the industrial products company’s stock worth $1,470,000 after acquiring an additional 350 shares during the last quarter. Choreo LLC lifted its holdings in shares of Sealed Air by 3.7% in the fourth quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock valued at $331,000 after purchasing an additional 351 shares in the last quarter. Finally, Metis Global Partners LLC grew its position in shares of Sealed Air by 4.3% in the fourth quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company’s stock valued at $306,000 after purchasing an additional 375 shares during the last quarter. 94.40% of the stock is currently owned by hedge funds and other 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.