Sealed Air (NYSE:SEE) Given New $43.00 Price Target at Wells Fargo & Company

Sealed Air (NYSE:SEE - Get Free Report) had its price target increased by research analysts at Wells Fargo & Company from $39.00 to $43.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the industrial products company's stock. Wells Fargo & Company's price objective suggests a potential upside of 37.89% from the stock's current price.

Several other research analysts have also commented on the stock. Wall Street Zen raised shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Citigroup lifted their price objective on shares of Sealed Air from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. UBS Group lifted their price objective on shares of Sealed Air from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Sealed Air in a research note on Tuesday. Finally, Mizuho lifted their price objective on shares of Sealed Air from $34.00 to $37.00 and gave the stock an "outperformer" rating in a research note on Tuesday. Four investment 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $38.27.

Sealed Air Price Performance

SEE traded down $0.21 during trading hours on Friday, hitting $31.19. The company's stock had a trading volume of 991,781 shares, compared to its average volume of 1,545,656. The business's 50-day moving average price is $31.82 and its 200-day moving average price is $31.28. Sealed Air has a 12 month low of $22.78 and a 12 month high of $38.85. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 15.44, a P/E/G ratio of 2.83 and a beta of 1.35. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 5.26.

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

Institutional Trading of Sealed Air

A number of hedge funds have recently added to or reduced their stakes in SEE. Strategic Investment Solutions Inc. IL purchased a new stake in Sealed Air in the first quarter worth about $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Sealed Air in the fourth quarter worth about $27,000. North Capital Inc. purchased a new stake in Sealed Air in the first quarter worth about $30,000. Brown Brothers Harriman & Co. lifted its stake 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 worth $51,000 after acquiring an additional 712 shares during the period. Finally, CX Institutional purchased a new stake in Sealed Air in the first quarter worth about $52,000. 94.40% of the stock is owned by hedge funds and other institutional investors.

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.

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