Mizuho Cuts Sealed Air (NYSE:SEE) Price Target to $32.00

Sealed Air (NYSE:SEE - Get Free Report) had its price target dropped by stock analysts at Mizuho from $39.00 to $32.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the industrial products company's stock. Mizuho's target price points to a potential upside of 21.22% from the stock's current price.

A number of other equities research analysts have also recently issued reports on SEE. Bank of America reduced their price objective on Sealed Air from $42.00 to $39.00 and set a "buy" rating for the company in a report on Monday, January 6th. Citigroup lowered their price objective on Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Jefferies Financial Group set a $36.00 price target on Sealed Air in a research report on Tuesday, March 4th. UBS Group raised shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 target price on the stock in a report on Monday, April 7th. Finally, Morgan Stanley reduced their price target on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $39.42.

Sealed Air Stock Up 2.0 %

Shares of SEE traded up $0.53 during mid-day trading on Tuesday, hitting $26.40. 1,324,158 shares of the company's stock were exchanged, compared to its average volume of 1,537,577. The company has a 50-day simple moving average of $29.74 and a 200 day simple moving average of $33.34. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The company has a market cap of $3.85 billion, a PE ratio of 9.71 and a beta of 1.35. Sealed Air has a 52 week low of $22.78 and a 52 week high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.36 billion. During the same period in the previous year, the firm posted $0.88 EPS. The company's revenue for the quarter was down .4% on a year-over-year basis. On average, research analysts forecast that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sealed Air news, Director Henry R. Keizer acquired 1,120 shares of Sealed Air stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $30.00 per share, with a total value of $33,600.00. Following the completion of the purchase, the director now directly owns 35,000 shares in the company, valued at $1,050,000. This trade represents a 3.31 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Sealed Air by 17.7% during the fourth quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company's stock worth $620,117,000 after acquiring an additional 2,754,395 shares during the last quarter. Invesco Ltd. boosted its stake in shares of 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 purchasing an additional 1,549,184 shares during the last quarter. Norges Bank acquired a new stake in shares of Sealed Air during the fourth quarter worth $50,562,000. T. Rowe Price Investment Management Inc. lifted its holdings in Sealed Air by 9.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company's stock valued at $416,657,000 after buying an additional 1,081,848 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Sealed Air by 84.0% during the 4th quarter. Victory Capital Management Inc. now owns 2,015,442 shares of the industrial products company's stock worth $68,182,000 after acquiring an additional 920,000 shares during the period. 94.40% of the stock is owned by institutional investors and hedge funds.

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.