Sealed Air (NYSE:SEE) Cut to Hold at StockNews.com

Sealed Air (NYSE:SEE) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut their price objective on Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. UBS Group dropped their price target on Sealed Air from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 17th. Royal Bank of Canada reduced their price objective on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 17th. Raymond James raised shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a report on Thursday, October 17th. Finally, Wells Fargo & Company raised their price target on shares of Sealed Air from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Sealed Air currently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Sealed Air Trading Down 0.5 %

NYSE SEE opened at $35.40 on Friday. The stock has a market cap of $5.16 billion, a P/E ratio of 13.01, a PEG ratio of 9.39 and a beta of 1.34. The company’s fifty day simple moving average is $35.35 and its 200-day simple moving average is $35.70. The company has a current ratio of 1.30, a quick ratio of 0.79 and a debt-to-equity ratio of 6.81. Sealed Air has a 52 week low of $30.87 and a 52 week high of $41.14.

Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.13. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Sealed Air had a net margin of 6.64% and a return on equity of 85.65%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 EPS. Equities research analysts predict that Sealed Air will post 2.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Sealed Air

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Isthmus Partners LLC lifted its position in shares of Sealed Air by 4.6% in the first quarter. Isthmus Partners LLC now owns 7,395 shares of the industrial products company’s stock valued at $275,000 after buying an additional 322 shares during the last quarter. Everence Capital Management Inc. boosted its position in Sealed Air by 2.8% during the third quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company’s stock worth $506,000 after purchasing an additional 380 shares during the period. United Services Automobile Association increased its holdings 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 valued at $401,000 after purchasing an additional 393 shares during the last quarter. Mount Yale Investment Advisors LLC raised its position in shares of 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 during the period. Finally, Sendero Wealth Management LLC lifted its stake in shares of Sealed Air by 7.2% during the 3rd 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 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.