Sealed Air (NYSE:SEE) Given New $42.00 Price Target at Mizuho

Sealed Air (NYSE:SEE) had its target price lowered by analysts at Mizuho from $45.00 to $42.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Mizuho’s price objective suggests a potential upside of 24.59% from the company’s current price.

A number of other research analysts have also issued reports on SEE. Citigroup lowered their target price on Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Monday. Royal Bank of Canada lowered their price objective on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 17th. 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. Truist Financial lifted their price target on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Raymond James upgraded Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Sealed Air presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.17.

Sealed Air Trading Down 1.5 %

Shares of NYSE:SEE opened at $33.71 on Tuesday. The company has a 50 day moving average of $35.40 and a 200-day moving average of $35.23. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The firm has a market cap of $4.91 billion, a P/E ratio of 12.39, a P/E/G ratio of 4.97 and a beta of 1.34. Sealed Air has a twelve month low of $30.87 and a twelve month high of $41.14.

Sealed Air (NYSE:SEE) last released its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm posted $0.77 earnings per share. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, analysts anticipate that Sealed Air will post 3.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sealed Air

A number of institutional investors have recently bought and sold shares of the business. Quarry LP increased its holdings in shares of Sealed Air by 9.2% in the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 311 shares during the period. Everence Capital Management Inc. increased its stake in Sealed Air by 2.8% in the 3rd quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company’s stock valued at $506,000 after buying an additional 380 shares during the period. United Services Automobile Association lifted its position in Sealed Air by 3.5% in the 2nd quarter. United Services Automobile Association now owns 11,533 shares of the industrial products company’s stock worth $401,000 after buying an additional 393 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Sealed Air by 3.4% during the 3rd quarter. Raymond James Trust N.A. now owns 14,016 shares of the industrial products company’s stock valued at $509,000 after buying an additional 466 shares during the period. Finally, Mount Yale Investment Advisors LLC grew its holdings in shares of Sealed Air by 1.3% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 36,643 shares of the industrial products company’s stock valued at $1,275,000 after acquiring an additional 467 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

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.