Stifel Nicolaus Initiates Coverage on Sealed Air (NYSE:SEE)

Equities research analysts at Stifel Nicolaus began coverage on shares of Sealed Air (NYSE:SEE) in a report released on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $47.00 price target on the industrial products company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 35.72% from the stock’s previous close.

Several other equities analysts have also weighed in on SEE. StockNews.com lowered shares of Sealed Air from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Mizuho raised Sealed Air from a “neutral” rating to a “buy” rating and upped their target price for the stock from $36.00 to $50.00 in a research report on Thursday, June 6th. Citigroup lowered their target price on Sealed Air from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday. Truist Financial reissued a “buy” rating and set a $44.00 price target on shares of Sealed Air in a research report on Monday, June 17th. Finally, William Blair reaffirmed a “market perform” rating on shares of Sealed Air in a research report on Thursday, May 2nd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Sealed Air Price Performance

SEE stock opened at $34.63 on Tuesday. The stock has a 50-day moving average price of $36.91 and a two-hundred day moving average price of $35.75. The company has a market cap of $5.04 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 3.10 and a beta of 1.35. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 7.49. Sealed Air has a 12-month low of $28.50 and a 12-month high of $47.12.

Sealed Air (NYSE:SEE) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.25. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.28 billion. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. As a group, research analysts predict that Sealed Air will post 2.89 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC raised its position in Sealed Air by 2,549.6% in the fourth quarter. Hsbc Holdings PLC now owns 5,340,247 shares of the industrial products company’s stock worth $195,720,000 after acquiring an additional 5,138,700 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in Sealed Air in the fourth quarter worth approximately $86,410,000. Norges Bank bought a new position in shares of Sealed Air in the fourth quarter valued at $52,968,000. Appian Way Asset Management LP acquired a new stake in shares of Sealed Air during the 1st quarter valued at $29,877,000. Finally, Vanguard Group Inc. lifted its position in shares of Sealed Air by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 16,703,769 shares of the industrial products company’s stock valued at $621,380,000 after acquiring an additional 600,146 shares during 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.