Sealed Air (NYSE:SEE) Stock Price Expected to Rise, UBS Group Analyst Says

Sealed Air (NYSE:SEE) had its target price raised by analysts at UBS Group from $37.00 to $38.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. UBS Group’s price target suggests a potential upside of 15.00% from the company’s previous close.

Several other research analysts have also recently commented on SEE. Morgan Stanley decreased their price target on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Citigroup decreased their price objective on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Bank of America cut their target price on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Monday, January 6th. StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company raised their price objective on shares of Sealed Air from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.17.

Sealed Air Trading Down 1.7 %

NYSE SEE opened at $33.04 on Wednesday. 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 quick ratio of 0.79 and a current ratio of 1.29. The stock’s 50 day moving average price is $34.11 and its two-hundred day moving average price is $34.88. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 12.15 and a beta of 1.34.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 earnings per share. As a group, analysts anticipate that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Institutional Trading of Sealed Air

A number of institutional investors have recently modified their holdings of SEE. Vanguard Group Inc. increased its position in shares of Sealed Air by 17.7% in the fourth quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company’s stock worth $620,117,000 after purchasing an additional 2,754,395 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Sealed Air by 9.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company’s stock worth $416,657,000 after purchasing an additional 1,081,848 shares during the period. Pacer Advisors Inc. acquired a new stake in Sealed Air during the third quarter worth about $139,800,000. Invesco Ltd. increased its holdings in Sealed Air by 69.2% in the 4th quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company’s stock valued at $128,176,000 after buying an additional 1,549,184 shares during the period. Finally, Swedbank AB raised its position in shares of Sealed Air by 57.3% in the 4th quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company’s stock valued at $78,678,000 after buying an additional 846,882 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors.

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.