Raymond James Financial Issues Positive Forecast for Sealed Air (NYSE:SEE) Stock Price

Sealed Air (NYSE:SEE - Get Free Report) had its price target increased by Raymond James Financial from $36.00 to $39.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "strong-buy" rating on the industrial products company's stock. Raymond James Financial's target price suggests a potential upside of 25.00% from the stock's current price.

SEE has been the subject of a number of other research reports. Citigroup increased their target price on shares of Sealed Air from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Truist Financial raised their price objective on shares of Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Wall Street Zen upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Mizuho boosted their target price on Sealed Air from $34.00 to $37.00 and gave the stock an "outperformer" rating in a report on Tuesday. Finally, UBS Group raised their price target on Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $38.27.

Sealed Air Price Performance

NYSE:SEE traded down $0.19 during mid-day trading on Tuesday, hitting $31.20. The company's stock had a trading volume of 1,478,498 shares, compared to its average volume of 1,545,704. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 5.26. The stock has a fifty day moving average of $31.82 and a 200-day moving average of $31.28. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 2.83 and a beta of 1.35. Sealed Air has a fifty-two week low of $22.78 and a fifty-two week high of $38.85.

Sealed Air (NYSE:SEE - Get Free Report) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.67 by $0.14. Sealed Air had a return on equity of 65.49% and a net margin of 5.55%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company earned $0.78 EPS. Sealed Air's revenue was down 4.4% on a year-over-year basis. As a group, equities analysts forecast that Sealed Air will post 3.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Sealed Air

Hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Sealed Air in the fourth quarter valued at about $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Sealed Air during the 1st quarter worth approximately $26,000. North Capital Inc. bought a new stake in shares of Sealed Air during the first quarter worth approximately $30,000. Brown Brothers Harriman & Co. lifted its holdings in Sealed Air by 89.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company's stock valued at $51,000 after buying an additional 712 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in Sealed Air by 98.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 778 shares during the last quarter. 94.40% of the stock is 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.