Sealed Air (NYSE:SEE) Price Target Raised to $37.00

Sealed Air (NYSE:SEE - Get Free Report) had its price target boosted by equities research analysts at Mizuho from $34.00 to $37.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "outperformer" rating on the industrial products company's stock. Mizuho's price objective suggests a potential upside of 18.64% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. Raymond James Financial decreased their target price on shares of Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, April 22nd. UBS Group raised their target price 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. Truist Financial increased their price objective on shares of Sealed Air from $33.00 to $40.00 and gave the company a "buy" rating in a report on Friday, July 11th. Wall Street Zen raised shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, Citigroup increased their price objective on shares of Sealed Air from $33.00 to $37.00 and gave the company a "buy" rating in a report on Friday, July 11th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.27.

Sealed Air Stock Performance

SEE traded up $0.17 during midday trading on Tuesday, hitting $31.19. 328,330 shares of the company traded hands, compared to its average volume of 1,539,631. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 5.26. The firm has a market capitalization of $4.59 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 2.83 and a beta of 1.35. The company's 50-day moving average is $31.81 and its 200 day moving average is $31.30. Sealed Air has a 52 week low of $22.78 and a 52 week high of $38.85.

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 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 firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter in the prior year, the business earned $0.78 EPS. The business's quarterly revenue was down 4.4% on a year-over-year basis. On average, research analysts expect that Sealed Air will post 3.05 EPS for the current year.

Institutional Investors Weigh In On Sealed Air

Large investors have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of Sealed Air during the 1st quarter worth approximately $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Sealed Air during the 4th quarter worth $27,000. North Capital Inc. acquired a new position in Sealed Air during the 1st quarter worth about $30,000. Brown Brothers Harriman & Co. lifted its stake in Sealed Air by 89.0% during the 4th 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 in the last quarter. Finally, CX Institutional acquired a new stake in Sealed Air in the 1st quarter valued at about $52,000. Hedge funds and other institutional investors 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.