Sealed Air (NYSE:SEE) Stock Rating Lowered by StockNews.com

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

A number of other equities research analysts also recently weighed in on SEE. Bank of America dropped their price target on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Truist Financial lifted their price objective on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, January 6th. UBS Group reduced their target price on Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Mizuho dropped their price target 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. Finally, Citigroup reduced their price objective on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Sealed Air Stock Performance

SEE opened at $33.98 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 business has a fifty day simple moving average of $35.23 and a 200 day simple moving average of $35.18. Sealed Air has a 1 year low of $30.87 and a 1 year high of $41.14. The company has a market capitalization of $4.95 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 4.97 and a beta of 1.34.

Sealed Air (NYSE:SEE) last released its quarterly earnings results 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. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the company posted $0.77 earnings per share. Sealed Air’s revenue was down 2.7% compared to the same quarter last year. Research analysts expect that Sealed Air will post 3.06 EPS for the current year.

Institutional Trading of Sealed Air

Hedge funds have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL acquired a new position in shares of Sealed Air during the second quarter worth $34,000. GAMMA Investing LLC grew 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 worth $45,000 after acquiring an additional 907 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings 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. bought a new position in Sealed Air in the second quarter valued at about $105,000. Finally, Quarry LP boosted its stake in shares of Sealed Air by 230.1% during the second quarter. Quarry LP now owns 3,390 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 2,363 shares in the last quarter. Institutional investors and hedge funds 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.