Sealed Air (NYSE:SEE) Stock Price Expected to Rise, UBS Group Analyst Says

Sealed Air (NYSE:SEE - Free Report) had its price objective hoisted by UBS Group from $39.00 to $40.00 in a research note published on Wednesday,Benzinga reports. The firm currently has a buy rating on the industrial products company's stock.

SEE has been the subject of a number of other reports. Raymond James Financial decreased their price objective on Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating for the company in a report on Tuesday, April 22nd. Mizuho reduced their price target on Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Truist Financial reduced their price target on Sealed Air from $44.00 to $33.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Wall Street Zen raised Sealed Air from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $37.36.

Sealed Air Trading Up 0.8%

NYSE SEE traded up $0.26 on Wednesday, reaching $32.69. The company had a trading volume of 804,203 shares, compared to its average volume of 1,545,248. Sealed Air has a 52 week low of $22.78 and a 52 week high of $38.85. The stock's 50 day moving average is $31.47 and its 200-day moving average is $31.38. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.93 and a beta of 1.35. The company has a quick ratio of 0.76, a current ratio of 1.26 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 (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 company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. Equities analysts predict that Sealed Air will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.45%. Sealed Air's dividend payout ratio (DPR) is currently 39.60%.

Hedge Funds Weigh In On Sealed Air

Several hedge funds and other institutional investors have recently modified their holdings of the business. Western Pacific Wealth Management LP increased its stake in shares of Sealed Air by 36.8% in the 2nd quarter. Western Pacific Wealth Management LP now owns 12,610 shares of the industrial products company's stock valued at $391,000 after purchasing an additional 3,390 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Sealed Air during the 2nd quarter worth about $404,000. Swedbank AB lifted its holdings in Sealed Air by 9.8% during the 2nd quarter. Swedbank AB now owns 2,552,629 shares of the industrial products company's stock worth $79,208,000 after buying an additional 226,933 shares during the period. Investors Research Corp lifted its holdings in Sealed Air by 4.1% during the 2nd quarter. Investors Research Corp now owns 39,500 shares of the industrial products company's stock worth $1,226,000 after buying an additional 1,550 shares during the period. Finally, Focus Partners Wealth lifted its holdings in Sealed Air by 66.9% during the 1st quarter. Focus Partners Wealth now owns 41,184 shares of the industrial products company's stock worth $1,190,000 after buying an additional 16,515 shares during the period. 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.