Sealed Air (NYSE:SEE) Price Target Raised to $43.00

Sealed Air (NYSE:SEE) had its price objective boosted by Wells Fargo & Company from $42.00 to $43.00 in a research note issued to investors on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the industrial products company’s stock.

A number of other research analysts also recently issued reports 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 on the stock in a research report on Monday, January 6th. Mizuho dropped their price target on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. UBS Group dropped their price target on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Citigroup dropped their price target on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Truist Financial boosted their price target on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Sealed Air has a consensus rating of “Moderate Buy” and a consensus target price of $40.17.

Sealed Air Stock Up 3.7 %

NYSE:SEE opened at $34.21 on Wednesday. The firm’s 50 day simple moving average is $34.12 and its 200 day simple moving average is $34.90. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. Sealed Air has a one year low of $30.87 and a one year high of $41.14. The company has a market cap of $4.98 billion, a PE ratio of 12.58 and a beta of 1.34.

Sealed Air (NYSE:SEE) last posted its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the company earned $0.88 EPS. The firm’s revenue was down .4% compared to the same quarter last year. On average, research analysts anticipate that Sealed Air will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.34%. Sealed Air’s dividend payout ratio (DPR) is presently 44.20%.

Institutional Trading of Sealed Air

A number of hedge funds and other institutional investors have recently bought and sold shares of SEE. Wealth Enhancement Advisory Services LLC increased its stake in Sealed Air by 20.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,590 shares of the industrial products company’s stock valued at $312,000 after purchasing an additional 1,441 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Sealed Air by 51.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 129,129 shares of the industrial products company’s stock valued at $4,686,000 after purchasing an additional 43,635 shares in the last quarter. New York State Teachers Retirement System increased its stake in Sealed Air by 5.5% during the 3rd quarter. New York State Teachers Retirement System now owns 166,502 shares of the industrial products company’s stock valued at $6,044,000 after purchasing an additional 8,669 shares in the last quarter. Atlas Financial Advisors Inc. increased its stake in Sealed Air by 12.0% during the 3rd quarter. Atlas Financial Advisors Inc. now owns 7,527 shares of the industrial products company’s stock valued at $273,000 after purchasing an additional 807 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Sealed Air by 129.1% during the 3rd quarter. Van ECK Associates Corp now owns 138,186 shares of the industrial products company’s stock worth $5,019,000 after acquiring an additional 77,881 shares during the last quarter. 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.