Brokerages Set Sealed Air Co. (NYSE:SEE) Target Price at $40.00

Sealed Air Co. (NYSE:SEE) has received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $40.00.

SEE has been the topic of a number of research reports. Royal Bank of Canada decreased their target price on shares of 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. StockNews.com lowered shares of Sealed Air from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Bank of America cut their price target on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a report on Monday, January 6th. UBS Group cut their price target on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Finally, Truist Financial raised their price target on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, January 6th.

Sealed Air Trading Down 0.3 %

SEE opened at $33.97 on Thursday. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The company’s 50 day simple moving average is $34.79 and its two-hundred day simple moving average is $35.11. Sealed Air has a 1-year low of $30.87 and a 1-year high of $41.14. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 12.49 and a beta of 1.34.

Institutional Trading of Sealed Air

Several institutional investors have recently added to or reduced their stakes in the stock. Quarry LP grew its stake in shares of Sealed Air by 9.2% in the third quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 311 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Sealed Air by 0.8% in the fourth quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company’s stock worth $1,430,000 after acquiring an additional 348 shares in the last quarter. Horizon Kinetics Asset Management LLC grew its stake in shares of 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 in the last quarter. Choreo LLC grew its stake in shares of Sealed Air by 3.7% in the fourth 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 lifted its position in shares of 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 worth $306,000 after purchasing an additional 375 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

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.