Raymond James Financial Boosts Sealed Air (NYSE:SEE) Price Target to $39.00

Sealed Air (NYSE:SEE - Get Free Report) had its price target boosted by equities researchers at Raymond James Financial from $36.00 to $39.00 in a report issued 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 would indicate a potential upside of 25.79% from the company's previous close.

A number of other research analysts have also commented on SEE. UBS Group upped their price objective on shares of Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Wall Street Zen raised shares of Sealed Air from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Truist Financial increased their price target on shares of Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday. Citigroup increased their price target on shares of Sealed Air from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Mizuho increased their price target on shares of Sealed Air from $34.00 to $37.00 and gave the stock an "outperformer" rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.27.

Sealed Air Stock Down 2.3%

NYSE:SEE traded down $0.73 during trading hours on Tuesday, reaching $31.01. The company's stock had a trading volume of 1,117,865 shares, compared to its average volume of 1,543,180. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 2.90 and a beta of 1.35. Sealed Air has a one year low of $22.78 and a one year high of $38.85. The business's 50-day moving average is $31.79 and its 200-day moving average is $31.30. The company has a debt-to-equity ratio of 5.26, a current ratio of 1.26 and a quick ratio of 0.76.

Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.14. Sealed Air had a net margin of 5.55% and a return on equity of 65.49%. The firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the prior year, the company posted $0.78 earnings per share. Sealed Air's revenue for the quarter was down 4.4% on a year-over-year basis. Equities research analysts predict that Sealed Air will post 3.05 EPS for the current year.

Institutional Trading of Sealed Air

A number of institutional investors have recently bought and sold shares of the business. Brighton Jones LLC acquired a new position in shares of Sealed Air in the 4th quarter valued at $737,000. Jones Financial Companies Lllp grew its holdings in shares of Sealed Air by 98.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company's stock valued at $53,000 after buying an additional 778 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Sealed Air by 30.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,897 shares of the industrial products company's stock valued at $64,000 after buying an additional 444 shares during the period. Proficio Capital Partners LLC acquired a new position in Sealed Air in the 4th quarter worth $717,000. Finally, Raymond James Financial Inc. acquired a new position in Sealed Air in the 4th quarter worth $16,841,000. Institutional investors and hedge funds own 94.40% of the company's stock.

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.