Sealed Air (NYSE:SEE) Given New $38.00 Price Target at Morgan Stanley

Sealed Air (NYSE:SEE) had its price target reduced by Morgan Stanley from $39.00 to $38.00 in a research note released on Monday,Benzinga reports. They currently have an equal weight rating on the industrial products company’s stock.

Several other equities research analysts have also recently commented on SEE. Truist Financial raised their target price on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th. Bank of America lowered their price objective on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. 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 on the stock in a research report on Thursday, October 17th. Finally, Mizuho reduced their price objective on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Sealed Air currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Sealed Air Stock Performance

Shares of SEE stock opened at $33.62 on Monday. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The stock has a market capitalization of $4.90 billion, a PE ratio of 12.36, a PEG ratio of 4.97 and a beta of 1.34. Sealed Air has a one year low of $30.87 and a one year high of $41.14. The business’s 50 day simple moving average is $35.23 and its 200 day simple moving average is $35.18.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. The business 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 revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.77 earnings per share. As a group, research analysts forecast that Sealed Air will post 3.06 earnings per share for the current year.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Friday, December 6th. Sealed Air’s payout ratio is 29.41%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SEE. Strategic Investment Solutions Inc. IL bought a new stake in shares of Sealed Air during the second quarter valued at approximately $34,000. GAMMA Investing LLC increased its position in Sealed Air by 218.0% during the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock valued at $45,000 after buying an additional 907 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Sealed Air by 523.6% in the 2nd 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. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Sealed Air in the 2nd quarter valued at $105,000. Finally, Quarry LP lifted its stake in Sealed Air by 230.1% during the 2nd quarter. Quarry LP now owns 3,390 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 2,363 shares during the period. 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.