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

Sealed Air (NYSE:SEE - Get Free Report) had its target price raised by research analysts at Mizuho from $34.00 to $37.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "outperformer" rating on the industrial products company's stock. Mizuho's target price suggests a potential upside of 18.59% from the stock's previous close.

Several other equities analysts also recently weighed in on SEE. Citigroup raised their price target on Sealed Air from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Raymond James Financial lowered their price objective on Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating for the company in a research report on Tuesday, April 22nd. UBS Group lifted their price objective on Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Truist Financial lifted their price objective on Sealed Air from $33.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Wall Street Zen raised Sealed Air from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Sealed Air presently has an average rating of "Moderate Buy" and an average target price of $38.27.

Sealed Air Stock Down 0.6%

Shares of NYSE SEE traded down $0.19 during midday trading on Tuesday, hitting $31.20. 1,478,498 shares of the company's stock were exchanged, compared to its average volume of 1,545,704. 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 has a twelve month low of $22.78 and a twelve month high of $38.85. The firm's fifty day simple moving average is $31.82 and its 200-day simple moving average is $31.28. The company has a market cap of $4.59 billion, a PE ratio of 15.45, a P/E/G ratio of 2.83 and a beta of 1.35.

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

Institutional Investors Weigh In On Sealed Air

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Sealed Air by 17.7% in the fourth quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company's stock worth $620,117,000 after acquiring an additional 2,754,395 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Sealed Air by 1.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 12,545,129 shares of the industrial products company's stock valued at $362,555,000 after buying an additional 228,937 shares in the last quarter. Invesco Ltd. raised its stake in Sealed Air by 2.5% during the first quarter. Invesco Ltd. now owns 3,884,200 shares of the industrial products company's stock valued at $112,253,000 after buying an additional 95,361 shares in the last quarter. Victory Capital Management Inc. raised its stake in Sealed Air by 42.1% during the first quarter. Victory Capital Management Inc. now owns 2,864,927 shares of the industrial products company's stock valued at $82,796,000 after buying an additional 849,485 shares in the last quarter. Finally, Swedbank AB raised its stake in Sealed Air by 9.8% during the second quarter. Swedbank AB now owns 2,552,629 shares of the industrial products company's stock valued at $79,208,000 after buying an additional 226,933 shares in the last quarter. Hedge funds and other institutional investors 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.