Sealed Air (NYSE:SEE) Rating Lowered to “Hold” at StockNews.com

Sealed Air (NYSE:SEE) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

Several other analysts have also recently issued reports on the company. Raymond James upgraded Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price for the company in a research report on Thursday, October 17th. Royal Bank of Canada lowered their target price on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a report on Thursday, October 17th. Truist Financial cut their target price on shares of Sealed Air from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Wells Fargo & Company boosted their price target on shares of Sealed Air from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. cut their price objective on Sealed Air from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Sealed Air Price Performance

NYSE SEE opened at $36.65 on Monday. 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 has a 12 month low of $30.87 and a 12 month high of $41.14. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 5.06 and a beta of 1.34. The company’s 50 day moving average is $35.86 and its two-hundred day moving average is $35.77.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm earned $0.77 EPS. As a group, research analysts anticipate that Sealed Air will post 3.06 earnings per share for the current year.

Institutional Investors Weigh In On Sealed Air

Several hedge funds and other institutional investors have recently made changes to their positions in SEE. Family Firm Inc. bought a new stake in shares of Sealed Air during the 2nd quarter worth approximately $26,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Sealed Air during the second quarter worth $34,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Sealed Air by 100.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,833 shares of the industrial products company’s stock valued at $99,000 after purchasing an additional 1,422 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake 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 valued at $101,000 after purchasing an additional 2,445 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Sealed Air in the second quarter worth about $105,000. 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.