Brokerages Set Sealed Air Co. (NYSE:SEE) Target Price at $38.00

Sealed Air Co. (NYSE:SEE) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $38.00.

A number of analysts have recently commented on the company. Mizuho cut their price objective on Sealed Air from $39.00 to $32.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. UBS Group upgraded Sealed Air from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Monday, April 7th. Jefferies Financial Group set a $36.00 price objective on Sealed Air in a research report on Tuesday, March 4th. Truist Financial cut their price objective on Sealed Air from $44.00 to $33.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Finally, Raymond James cut their price objective on Sealed Air from $42.00 to $36.00 and set a “strong-buy” rating for the company in a research report on Tuesday, April 22nd.

Insider Buying and Selling at Sealed Air

In related news, Director Henry R. Keizer bought 1,120 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the acquisition, the director now directly owns 35,000 shares in the company, valued at $1,050,000. This represents a 3.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sealed Air

Large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Sealed Air in the 4th quarter valued at $27,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Sealed Air in the 1st quarter valued at $26,000. North Capital Inc. acquired a new position in Sealed Air during the 1st quarter worth about $30,000. Manchester Capital Management LLC lifted its stake in Sealed Air by 139.4% during the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 700 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Sealed Air during the 4th quarter worth about $45,000. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Trading Down 1.0%

Shares of NYSE:SEE opened at $31.92 on Friday. Sealed Air has a 12-month low of $22.78 and a 12-month high of $41.14. The company has a market capitalization of $4.69 billion, a PE ratio of 11.73 and a beta of 1.35. The business has a 50 day moving average of $28.50 and a two-hundred day moving average of $32.31. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62.

Sealed Air (NYSE:SEE) last announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.14. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the company posted $0.78 earnings per share. Sealed Air’s revenue for the quarter was down 4.4% on a year-over-year basis. As a group, analysts forecast that Sealed Air will post 3.05 EPS for the current year.

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.