Sealed Air (NYSE:SEE) Given New $36.00 Price Target at Raymond James

Sealed Air (NYSE:SEE - Get Free Report) had its price target lowered by stock analysts at Raymond James from $42.00 to $36.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "strong-buy" rating on the industrial products company's stock. Raymond James' target price would suggest a potential upside of 30.34% from the stock's current price.

Other equities research analysts have also recently issued research reports about the stock. Truist Financial reduced their target price on shares of Sealed Air from $44.00 to $33.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. StockNews.com upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Wells Fargo & Company raised their price objective on Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Jefferies Financial Group set a $36.00 target price on Sealed Air in a report on Tuesday, March 4th. Finally, Morgan Stanley cut their price objective 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. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sealed Air presently has an average rating of "Moderate Buy" and a consensus target price of $38.00.

Sealed Air Stock Performance

Shares of SEE traded down $0.16 during mid-day trading on Tuesday, reaching $27.62. The company's stock had a trading volume of 1,928,272 shares, compared to its average volume of 1,543,338. 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 stock has a market cap of $4.06 billion, a P/E ratio of 10.15 and a beta of 1.35. Sealed Air has a 1-year low of $22.78 and a 1-year high of $41.14. The business has a 50-day simple moving average of $29.05 and a two-hundred day simple moving average of $33.07.

Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, beating 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 company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. The company's revenue was down .4% on a year-over-year basis. As a group, equities research analysts anticipate that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On Sealed Air

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Sealed Air during the 4th quarter valued at approximately $27,000. Manchester Capital Management LLC lifted its holdings in Sealed Air by 139.4% in the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company's stock valued at $41,000 after buying an additional 700 shares during the period. GAMMA Investing LLC grew its holdings in Sealed Air by 218.0% during the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock worth $45,000 after acquiring an additional 907 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sealed Air in the 4th quarter valued at about $45,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Sealed Air by 148.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 913 shares in the last quarter. Institutional investors and hedge funds 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.