Sealed Air (NYSE:SEE) Price Target Cut to $37.00 by Analysts at UBS Group

Sealed Air (NYSE:SEE) had its price objective decreased by equities researchers at UBS Group from $39.00 to $37.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. UBS Group’s price target indicates a potential upside of 11.18% from the company’s current price.

SEE has been the subject of a number of other reports. Mizuho lowered 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. StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th. Raymond James upgraded shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price for the company in a report on Thursday, October 17th. Royal Bank of Canada reduced their target price on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a report on Thursday, October 17th. Finally, Truist Financial boosted their target price on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sealed Air currently has a consensus rating of “Moderate Buy” and an average target price of $40.08.

Sealed Air Price Performance

SEE traded down $0.40 during trading hours on Friday, hitting $33.28. The company’s stock had a trading volume of 563,488 shares, compared to its average volume of 1,022,257. The business’s 50-day moving average price is $35.35 and its 200-day moving average price is $35.22. 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 $4.85 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 4.97 and a beta of 1.34. 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 (NYSE:SEE) last issued its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. Sell-side analysts expect that Sealed Air will post 3.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sealed Air

Several hedge funds have recently bought and sold shares of SEE. Pacer Advisors Inc. purchased a new position in shares of Sealed Air during the 3rd quarter valued at approximately $139,800,000. Swedbank AB acquired a new position in Sealed Air in the 3rd quarter valued at $53,681,000. Millennium Management LLC raised its stake in Sealed Air by 38.2% in the 2nd quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company’s stock valued at $143,136,000 after purchasing an additional 1,136,985 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Sealed Air by 501.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company’s stock valued at $28,853,000 after purchasing an additional 662,606 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. raised its stake in Sealed Air by 56.6% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock valued at $55,085,000 after purchasing an additional 548,493 shares during the last quarter. 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.