Mizuho Cuts Sealed Air (NYSE:SEE) Price Target to $32.00

by · The Cerbat Gem

Sealed Air (NYSE:SEE – Get Free Report) had its target price dropped by equities researchers at Mizuho from $39.00 to $32.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Mizuho’s price target suggests a potential upside of 20.53% from the stock’s current price.

A number of other research analysts have also weighed in on SEE. Truist Financial raised their price objective on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Citigroup lowered their price target on Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Jefferies Financial Group set a $36.00 price objective on shares of Sealed Air in a research note on Tuesday, March 4th. Wells Fargo & Company upped their target price on shares of Sealed Air from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Finally, Morgan Stanley reduced their price target on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.42.

Read Our Latest Stock Analysis on Sealed Air

Sealed Air Stock Down 0.0 %

SEE traded down $0.01 during trading on Tuesday, reaching $26.55. The stock had a trading volume of 420,525 shares, compared to its average volume of 1,721,046. Sealed Air has a one year low of $22.78 and a one year high of $41.14. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 9.74 and a beta of 1.35. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The stock’s 50 day moving average is $30.38 and its two-hundred day moving average is $33.60.

Sealed Air (NYSE:SEE – Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share (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 analysts’ expectations of $1.36 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. Sealed Air’s revenue was down .4% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. As a group, analysts expect that Sealed Air will post 3.05 earnings per share for the current year.

Insider Buying and Selling at Sealed Air

In other Sealed Air news, Director Henry R. Keizer acquired 1,120 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $30.00 per share, with a total value of $33,600.00. Following the completion of the acquisition, the director now owns 35,000 shares in the company, valued at $1,050,000. This represents a 3.31 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Sealed Air

A number of hedge funds have recently modified their holdings of the business. Wellington Management Group LLP increased its position in Sealed Air by 8.4% in the third quarter. Wellington Management Group LLP now owns 173,959 shares of the industrial products company’s stock worth $6,315,000 after buying an additional 13,410 shares in the last quarter. Geode Capital Management LLC increased its holdings in Sealed Air by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock worth $83,542,000 after acquiring an additional 12,559 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Sealed Air by 120.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 45,829 shares of the industrial products company’s stock worth $1,645,000 after acquiring an additional 25,046 shares during the period. Tidal Investments LLC raised its stake in Sealed Air by 6.7% during the 3rd quarter. Tidal Investments LLC now owns 32,519 shares of the industrial products company’s stock worth $1,180,000 after acquiring an additional 2,051 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Sealed Air by 501.0% during the third quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company’s stock valued at $28,853,000 after purchasing an additional 662,606 shares in the last quarter. Institutional investors own 94.40% of the company’s stock.

About Sealed Air

(Get Free Report)

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.

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