Sealed Air (NYSE:SEE) PT Lowered to $38.00

Sealed Air (NYSE:SEE) had its price target trimmed by UBS Group from $39.00 to $38.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the industrial products company’s stock.

A number of other equities analysts also recently commented on SEE. Mizuho raised shares of Sealed Air from a neutral rating to a buy rating and lifted their target price for the stock from $36.00 to $50.00 in a research note on Thursday, June 6th. Stifel Nicolaus initiated coverage on shares of Sealed Air in a research report on Tuesday, July 9th. They set a buy rating and a $47.00 price target on the stock. Truist Financial reissued a buy rating and set a $44.00 target price on shares of Sealed Air in a research note on Monday, June 17th. StockNews.com lowered Sealed Air from a buy rating to a hold rating in a research note on Wednesday, July 3rd. Finally, Citigroup cut their price objective on Sealed Air from $44.00 to $43.00 and set a buy rating for the company in a research report on Monday, July 8th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $43.33.

Sealed Air Trading Down 3.1 %

Shares of Sealed Air stock opened at $35.27 on Wednesday. The company has a debt-to-equity ratio of 7.49, a current ratio of 1.33 and a quick ratio of 0.80. The stock’s 50 day simple moving average is $36.86 and its 200-day simple moving average is $35.72. The stock has a market cap of $5.14 billion, a P/E ratio of 14.16, a P/E/G ratio of 4.31 and a beta of 1.35. Sealed Air has a 1-year low of $28.50 and a 1-year high of $47.12.

Sealed Air (NYSE:SEE) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.25. Sealed Air had a return on equity of 94.93% and a net margin of 6.61%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the business earned $0.74 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts predict that Sealed Air will post 2.86 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, June 14th. Sealed Air’s payout ratio is 32.13%.

Institutional Investors Weigh In On Sealed Air

A number of hedge funds have recently added to or reduced their stakes in SEE. CVA Family Office LLC purchased a new stake in shares of Sealed Air during the fourth quarter worth $27,000. Bruce G. Allen Investments LLC acquired a new position in Sealed Air during the 4th quarter worth $29,000. Fidelis Capital Partners LLC acquired a new position in Sealed Air during the 1st quarter worth $31,000. Allspring Global Investments Holdings LLC purchased a new stake in Sealed Air during the 1st quarter worth about $52,000. Finally, Signaturefd LLC raised its position in Sealed Air by 43.2% in the 4th quarter. Signaturefd LLC now owns 1,531 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 462 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

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.