Mizuho Trims Sealed Air (NYSE:SEE) Target Price to $36.00

Sealed Air (NYSE:SEE - Free Report) had its target price reduced by Mizuho from $39.00 to $36.00 in a report published on Friday morning, Benzinga reports. Mizuho currently has a neutral rating on the industrial products company's stock.

A number of other research firms also recently weighed in on SEE. Truist Financial upgraded Sealed Air from a hold rating to a buy rating and boosted their target price for the stock from $39.00 to $44.00 in a research report on Monday, April 8th. Wells Fargo & Company raised Sealed Air from an equal weight rating to an overweight rating and lifted their price target for the stock from $35.00 to $43.00 in a research note on Thursday, January 11th. Finally, Wolfe Research initiated coverage on Sealed Air in a research note on Friday, March 1st. They issued a peer perform rating on the stock. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus target price of $43.91.

Sealed Air Price Performance

NYSE:SEE traded up $0.24 during mid-day trading on Friday, reaching $35.17. The stock had a trading volume of 2,460,783 shares, compared to its average volume of 1,630,793. The firm has a 50 day moving average price of $34.37 and a two-hundred day moving average price of $34.34. The stock has a market capitalization of $5.12 billion, a P/E ratio of 14.90, a P/E/G ratio of 3.52 and a beta of 1.31. Sealed Air has a one year low of $28.50 and a one year high of $47.12. The company has a debt-to-equity ratio of 8.21, a quick ratio of 0.79 and a current ratio of 1.30.

Sealed Air (NYSE:SEE - Get Free Report) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.25. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.28 billion. Sealed Air had a return on equity of 107.48% and a net margin of 6.22%. Sealed Air's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS. As a group, analysts expect that Sealed Air will post 2.8 earnings per share for the current year.

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.27%. Sealed Air's payout ratio is 33.90%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SEE. CVA Family Office LLC purchased a new position in shares of Sealed Air during the fourth quarter valued at approximately $27,000. Bruce G. Allen Investments LLC purchased a new stake in Sealed Air during the fourth quarter valued at approximately $29,000. Fidelis Capital Partners LLC purchased a new stake in Sealed Air during the first quarter valued at approximately $31,000. Column Capital Advisors LLC boosted its position in shares of Sealed Air by 57.9% in the third quarter. Column Capital Advisors LLC now owns 1,050 shares of the industrial products company's stock worth $35,000 after purchasing an additional 385 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Sealed Air by 80.3% in the third quarter. Signaturefd LLC now owns 1,069 shares of the industrial products company's stock worth $35,000 after purchasing an additional 476 shares during the period. 94.40% of the stock is owned by hedge funds and other 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.