Sealed Air Co. (NYSE:SEE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Sealed Air Co. (NYSE:SEE) has earned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $40.00.

Several analysts recently issued reports on SEE shares. Mizuho cut their target price on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. 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. Morgan Stanley decreased their target price on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. StockNews.com lowered Sealed Air from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Wells Fargo & Company decreased their price objective on Sealed Air from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th.

Hedge Funds Weigh In On Sealed Air

Several hedge funds have recently modified their holdings of the stock. Manchester Capital Management LLC increased its holdings in Sealed Air by 139.4% in the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Sealed Air in the fourth quarter worth about $45,000. GAMMA Investing LLC lifted its position in shares of 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 in the last quarter. Smartleaf Asset Management LLC boosted its stake in Sealed Air by 148.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock valued at $51,000 after buying an additional 913 shares during the last quarter. Finally, Acuitas Investments LLC grew its holdings in Sealed Air by 64.3% during the 4th quarter. Acuitas Investments LLC now owns 2,300 shares of the industrial products company’s stock valued at $78,000 after buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Sealed Air Price Performance

Shares of NYSE:SEE opened at $34.71 on Thursday. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 12.76 and a beta of 1.34. Sealed Air has a fifty-two week low of $30.87 and a fifty-two 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. The business has a 50-day simple moving average of $34.93 and a two-hundred day simple moving average of $35.16.

Sealed Air (NYSE:SEE) last posted its 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 company 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%. Sealed Air’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. On average, analysts expect that Sealed Air will post 3.05 earnings per share for the current year.

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.