Sealed Air (NYSE:SEE) Given New $38.00 Price Target at UBS Group

Sealed Air (NYSE:SEE) had its target price lifted by UBS Group from $37.00 to $38.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company increased their price objective on shares of Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America dropped their price target on Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Citigroup lowered their price objective on Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Morgan Stanley cut their target price on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.17.

Sealed Air Stock Down 0.9 %

Shares of SEE stock opened at $33.68 on Wednesday. The company’s fifty day simple moving average is $34.13 and its two-hundred day simple moving average is $34.90. Sealed Air has a 52 week low of $30.87 and a 52 week high of $41.14. The stock has a market cap of $4.91 billion, a P/E ratio of 12.38 and a beta of 1.34. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62.

Sealed Air (NYSE:SEE) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 earnings per share. Analysts predict that Sealed Air will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.20 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.38%. Sealed Air’s dividend payout ratio is currently 29.41%.

Institutional Trading of Sealed Air

Several institutional investors and hedge funds have recently modified their holdings of SEE. Quarry LP increased its holdings in Sealed Air by 9.2% during the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 311 shares during the period. Arizona State Retirement System increased its stake in shares of Sealed Air by 0.8% during the fourth quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company’s stock valued at $1,430,000 after buying an additional 348 shares during the period. Horizon Kinetics Asset Management LLC lifted its stake in Sealed Air by 0.8% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 43,450 shares of the industrial products company’s stock worth $1,470,000 after acquiring an additional 350 shares during the period. Choreo LLC grew its holdings in Sealed Air by 3.7% during the 4th quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock worth $331,000 after acquiring an additional 351 shares in the last quarter. Finally, Metis Global Partners LLC increased its position in Sealed Air by 4.3% during the 4th quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company’s stock valued at $306,000 after purchasing an additional 375 shares during the period. 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.