Sealed Air (NYSE:SEE) Upgraded at StockNews.com

Sealed Air (NYSE:SEE) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other research analysts have also recently issued reports on SEE. Raymond James raised Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. reduced their price target on shares of Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Jefferies Financial Group lowered shares of Sealed Air from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $47.00 to $35.00 in a report on Friday, August 9th. Truist Financial reduced their target price on Sealed Air from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Finally, Morgan Stanley initiated coverage on Sealed Air in a report on Wednesday, September 4th. They set an “equal weight” rating and a $39.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Sealed Air Price Performance

Shares of Sealed Air stock traded up $0.37 during trading on Friday, hitting $35.90. 1,142,096 shares of the company’s stock traded hands, compared to its average volume of 1,521,262. The company has a market cap of $5.23 billion, a PE ratio of 13.20, a PEG ratio of 4.81 and a beta of 1.34. The firm’s fifty day moving average price is $35.69 and its 200 day moving average price is $35.86. Sealed Air has a twelve month low of $30.87 and a twelve month high of $41.14. 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 (NYSE:SEE) last released its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.12. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. Analysts forecast that Sealed Air will post 3.07 earnings per share for the current year.

Institutional Trading of Sealed Air

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Sealed Air by 3.7% during the first quarter. Vanguard Group Inc. now owns 16,703,769 shares of the industrial products company’s stock worth $621,380,000 after buying an additional 600,146 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Sealed Air in the 1st quarter worth $224,000. CANADA LIFE ASSURANCE Co grew its stake in shares of Sealed Air by 10.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 156,578 shares of the industrial products company’s stock worth $5,828,000 after purchasing an additional 15,174 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Sealed Air by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 80,843 shares of the industrial products company’s stock valued at $3,009,000 after purchasing an additional 4,471 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC lifted its stake in Sealed Air by 29.3% in the first quarter. Mount Yale Investment Advisors LLC now owns 36,176 shares of the industrial products company’s stock valued at $1,346,000 after buying an additional 8,188 shares during the period. 94.40% of the stock is owned by institutional investors.

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.