Sealed Air (NYSE:SEE) Upgraded at StockNews.com

Sealed Air (NYSE:SEE) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

SEE has been the topic of several other research reports. Raymond James upgraded shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research note on Thursday, October 17th. Royal Bank of Canada reduced their price objective on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. JPMorgan Chase & Co. dropped their target price on Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Wells Fargo & Company boosted their price target on Sealed Air from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Finally, Morgan Stanley initiated coverage on shares of Sealed Air in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $39.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $41.00.

Sealed Air Trading Up 1.0 %

NYSE SEE traded up $0.37 on Friday, hitting $35.90. 1,142,096 shares of the stock were exchanged, compared to its average volume of 1,521,262. The company’s 50-day moving average price is $35.69 and its two-hundred day moving average price is $35.86. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 4.81 and a beta of 1.34. Sealed Air has a 52-week low of $30.87 and a 52-week high of $41.14. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.77 EPS. Research analysts predict that Sealed Air will post 3.07 EPS for the current year.

Institutional Trading of Sealed Air

Hedge funds have recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co boosted its position in shares of Sealed Air by 10.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 156,578 shares of the industrial products company’s stock valued at $5,828,000 after acquiring an additional 15,174 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in Sealed Air by 90.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 48,479 shares of the industrial products company’s stock worth $1,804,000 after purchasing an additional 23,029 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of Sealed Air by 1.4% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company’s stock worth $64,571,000 after purchasing an additional 24,940 shares during the period. Van ECK Associates Corp acquired a new position in shares of Sealed Air during the second quarter valued at about $2,098,000. Finally, Atria Investments Inc bought a new stake in shares of Sealed Air in the first quarter valued at about $1,054,000. Institutional investors own 94.40% of the company’s stock.

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.