Wells Fargo & Company Forecasts Strong Price Appreciation for Sealed Air (NYSE:SEE) Stock

Sealed Air (NYSE:SEE) had its target price raised by stock analysts at Wells Fargo & Company from $42.00 to $43.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 30.13% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Bank of America reduced their price objective 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. UBS Group reduced their price objective on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Citigroup dropped their target price on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Morgan Stanley dropped their target price 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. Finally, Mizuho dropped their target price on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Sealed Air has a consensus rating of “Moderate Buy” and an average price target of $40.17.

Sealed Air Stock Performance

Shares of SEE stock opened at $33.04 on Wednesday. The company has a 50 day moving average price of $34.11 and a 200-day moving average price of $34.88. Sealed Air has a 52 week low of $30.87 and a 52 week high of $41.14. The firm has a market capitalization of $4.81 billion, a PE ratio of 12.15 and a beta of 1.34. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62.

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

Institutional Investors Weigh In On Sealed Air

Several institutional investors have recently made changes to their positions in SEE. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Sealed Air by 20.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,590 shares of the industrial products company’s stock worth $312,000 after acquiring an additional 1,441 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Sealed Air by 51.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 129,129 shares of the industrial products company’s stock worth $4,686,000 after acquiring an additional 43,635 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Sealed Air by 5.5% in the 3rd quarter. New York State Teachers Retirement System now owns 166,502 shares of the industrial products company’s stock worth $6,044,000 after acquiring an additional 8,669 shares during the last quarter. Atlas Financial Advisors Inc. lifted its holdings in shares of Sealed Air by 12.0% in the 3rd quarter. Atlas Financial Advisors Inc. now owns 7,527 shares of the industrial products company’s stock worth $273,000 after acquiring an additional 807 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in Sealed Air by 129.1% in the 3rd quarter. Van ECK Associates Corp now owns 138,186 shares of the industrial products company’s stock worth $5,019,000 after buying an additional 77,881 shares during the period. Institutional investors own 94.40% of the company’s stock.

Sealed Air Company Profile

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.