Sealed Air (NYSE:SEE) Upgraded to Strong-Buy by Raymond James

Sealed Air (NYSE:SEE) was upgraded by investment analysts at Raymond James from a “market perform” rating to a “strong-buy” rating in a research report issued on Thursday, MarketBeat reports. The brokerage presently has a $42.00 price target on the industrial products company’s stock. Raymond James’ price target would indicate a potential upside of 13.15% from the stock’s current price.

SEE has been the subject of several other reports. UBS Group decreased their target price on shares of Sealed Air from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, July 17th. Truist Financial reduced their price target on Sealed Air from $44.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday. Stifel Nicolaus began coverage on Sealed Air in a research note on Tuesday, July 9th. They issued a “buy” rating and a $47.00 price objective on the stock. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Finally, Royal Bank of Canada cut Sealed Air from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $43.00 to $40.00 in a research note on Friday, July 19th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Sealed Air Price Performance

NYSE SEE opened at $37.12 on Thursday. The firm’s 50 day moving average is $34.64 and its 200-day moving average is $35.31. The company has a quick ratio of 0.79, a current ratio of 1.30 and a debt-to-equity ratio of 6.81. The company has a market capitalization of $5.41 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 8.98 and a beta of 1.34. Sealed Air has a 12-month low of $28.50 and a 12-month high of $41.14.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Thursday, August 8th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.19. Sealed Air had a net margin of 6.64% and a return on equity of 85.65%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the business earned $0.80 EPS. The company’s revenue was down 2.6% compared to the same quarter last year. Equities research analysts anticipate that Sealed Air will post 2.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sealed Air

A number of hedge funds and other institutional investors have recently made changes to their positions in SEE. Isthmus Partners LLC increased its stake in Sealed Air by 4.6% during the 1st quarter. Isthmus Partners LLC now owns 7,395 shares of the industrial products company’s stock worth $275,000 after acquiring an additional 322 shares during the period. United Services Automobile Association increased its position in shares of Sealed Air by 3.5% in the second quarter. United Services Automobile Association now owns 11,533 shares of the industrial products company’s stock worth $401,000 after purchasing an additional 393 shares during the period. Mount Yale Investment Advisors LLC raised its stake in Sealed Air by 1.3% in the second quarter. Mount Yale Investment Advisors LLC now owns 36,643 shares of the industrial products company’s stock valued at $1,275,000 after purchasing an additional 467 shares in the last quarter. Sendero Wealth Management LLC grew its stake in Sealed Air by 7.2% during the third quarter. Sendero Wealth Management LLC now owns 8,215 shares of the industrial products company’s stock worth $298,000 after buying an additional 550 shares in the last quarter. Finally, MADDEN SECURITIES Corp increased its holdings in Sealed Air by 9.1% in the 2nd quarter. MADDEN SECURITIES Corp now owns 7,210 shares of the industrial products company’s stock valued at $251,000 after buying an additional 600 shares during the period. 94.40% of the stock is currently owned by institutional investors and hedge funds.

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.