Sealed Air (NYSE:SEE) PT Lowered to $43.00

Sealed Air (NYSE:SEE) had its price target cut by stock analysts at Citigroup from $44.00 to $43.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Citigroup’s price objective would suggest a potential upside of 26.40% from the stock’s current price.

SEE has been the subject of several other research reports. Truist Financial reiterated a “buy” rating and issued a $44.00 price objective on shares of Sealed Air in a research report on Monday, June 17th. StockNews.com downgraded shares of Sealed Air from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Mizuho upgraded shares of Sealed Air from a “neutral” rating to a “buy” rating and raised their price objective for the company from $36.00 to $50.00 in a research report on Thursday, June 6th. Finally, William Blair reiterated a “market perform” rating on shares of Sealed Air in a research report on Thursday, May 2nd. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.64.

Sealed Air Stock Down 1.6 %

Shares of NYSE SEE opened at $34.02 on Monday. The business has a fifty day moving average of $36.86 and a two-hundred day moving average of $35.76. The company has a debt-to-equity ratio of 7.49, a quick ratio of 0.80 and a current ratio of 1.33. Sealed Air has a 52-week low of $28.50 and a 52-week high of $47.12. The stock has a market cap of $4.95 billion, a PE ratio of 13.66, a PEG ratio of 3.03 and a beta of 1.35.

Sealed Air (NYSE:SEE) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.74 EPS. As a group, equities research analysts expect that Sealed Air will post 2.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sealed Air

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Sealed Air by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 16,853,598 shares of the industrial products company’s stock valued at $553,809,000 after buying an additional 92,114 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Sealed Air by 2,549.6% during the fourth quarter. Hsbc Holdings PLC now owns 5,340,247 shares of the industrial products company’s stock worth $195,720,000 after purchasing an additional 5,138,700 shares during the period. Earnest Partners LLC lifted its holdings in shares of Sealed Air by 7.3% during the 1st quarter. Earnest Partners LLC now owns 2,500,378 shares of the industrial products company’s stock valued at $93,014,000 after purchasing an additional 170,846 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Sealed Air in the 4th quarter valued at approximately $86,410,000. Finally, Norges Bank bought a new stake in Sealed Air during the 4th quarter worth approximately $52,968,000. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Company Profile

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.