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

Sealed Air Co. (NYSE:SEE) has been given a consensus rating of “Moderate Buy” by the fourteen research firms that are covering the firm, MarketBeat.com reports. Seven equities 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. The average 1-year target price among analysts that have issued a report on the stock in the last year is $40.00.

A number of research analysts have weighed in on the stock. StockNews.com cut shares of Sealed Air from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Bank of America reduced their price target on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research note 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 for the company in a research note on Thursday, October 17th. Raymond James upgraded shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price target for the company in a report on Thursday, October 17th. Finally, Truist Financial raised their price target on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, January 6th.

Hedge Funds Weigh In On Sealed Air

A number of institutional investors and hedge funds have recently bought and sold shares of SEE. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Sealed Air during the second quarter worth approximately $34,000. GAMMA Investing LLC boosted its stake in Sealed Air by 218.0% during 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. Northwestern Mutual Wealth Management Co. boosted its stake in 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 worth $101,000 after buying an additional 2,445 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Sealed Air in the 2nd quarter valued at $105,000. Finally, Quarry LP boosted its stake in shares of Sealed Air by 230.1% in the 2nd 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 own 94.40% of the company’s stock.

Sealed Air Stock Down 0.4 %

Shares of NYSE SEE opened at $34.57 on Friday. The firm’s 50-day moving average price is $35.09 and its 200-day moving average price is $35.18. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 7.98 and a beta of 1.34. Sealed Air has a 12-month low of $30.87 and a 12-month high of $41.14.

Sealed Air (NYSE:SEE) last released its quarterly earnings data 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. 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 quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm earned $0.77 earnings per share. On average, equities research analysts anticipate that Sealed Air will post 3.05 EPS for the current fiscal year.

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.