Sealed Air (NYSE:SEE) Lifted to “Strong-Buy” at Raymond James

by · The Cerbat Gem

Sealed Air (NYSE:SEE – Get Free Report) was upgraded by research analysts at Raymond James from a “market perform” rating to a “strong-buy” rating in a research note issued on Thursday, Briefing.com reports. The firm currently has a $42.00 target price on the industrial products company’s stock. Raymond James’ target price points to a potential upside of 19.01% from the stock’s current price.

SEE has been the topic of a number of other research reports. Truist Financial dropped their price objective on Sealed Air from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Citigroup cut their price target on shares of Sealed Air from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Stifel Nicolaus started coverage on shares of Sealed Air in a research report on Tuesday, July 9th. They issued a “buy” rating and a $47.00 target price for the company. Finally, Jefferies Financial Group lowered shares of Sealed Air from a “buy” rating to a “hold” rating and reduced their target price for the company from $47.00 to $35.00 in a report on Friday, August 9th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.09.

Read Our Latest Analysis on SEE

Sealed Air Trading Up 0.9 %

NYSE SEE opened at $35.29 on Thursday. The firm has a market capitalization of $5.14 billion, a P/E ratio of 14.17, a PEG ratio of 8.72 and a beta of 1.34. The company has a current ratio of 1.30, a quick ratio of 0.79 and a debt-to-equity ratio of 6.81. The business has a fifty day simple moving average of $34.53 and a 200 day simple moving average of $35.30. Sealed Air has a 12 month low of $28.50 and a 12 month high of $41.14.

Sealed Air (NYSE:SEE – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.19. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Sealed Air had a return on equity of 85.65% and a net margin of 6.64%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. On average, analysts predict that Sealed Air will post 2.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Swedbank AB bought a new stake in Sealed Air during the 3rd quarter valued at approximately $53,681,000. Millennium Management LLC raised its holdings in Sealed Air by 38.2% in the second quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company’s stock worth $143,136,000 after purchasing an additional 1,136,985 shares in the last quarter. Appian Way Asset Management LP bought a new stake in shares of Sealed Air during the 1st quarter valued at $29,877,000. Vanguard Group Inc. boosted its stake in Sealed Air by 3.7% during the first quarter. Vanguard Group Inc. now owns 16,703,769 shares of the industrial products company’s stock worth $621,380,000 after acquiring an additional 600,146 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Sealed Air by 33.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company’s stock worth $66,475,000 after purchasing an additional 479,675 shares during the period. 94.40% of the stock is currently owned by institutional investors.

Sealed Air Company Profile

(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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