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

Sealed Air (NYSE:SEE - Free Report) had its price target raised by UBS Group from $39.00 to $40.00 in a research report sent to investors on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the industrial products company's stock.

Several other brokerages have also recently weighed in on SEE. Wall Street Zen upgraded Sealed Air from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. 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 decreased their price objective on Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Finally, Truist Financial lowered their target price on shares of Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sealed Air has an average rating of "Moderate Buy" and an average target price of $37.55.

Sealed Air Stock Down 2.1%

Shares of SEE traded down $0.69 during trading hours on Wednesday, reaching $32.01. The stock had a trading volume of 639,730 shares, compared to its average volume of 1,541,947. Sealed Air has a 12 month low of $22.78 and a 12 month high of $38.85. The firm has a 50-day simple moving average of $31.66 and a 200 day simple moving average of $31.36. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 5.26. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 2.98 and a beta of 1.35.

Sealed Air (NYSE:SEE - Get Free Report) last issued its earnings results 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 return on equity of 65.49% and a net margin of 5.55%. The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same period last year, the business earned $0.78 EPS. Sealed Air's quarterly revenue was down 4.4% compared to the same quarter last year. Equities research analysts predict that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a $0.20 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.50%. Sealed Air's payout ratio is 39.60%.

Institutional Trading of Sealed Air

Hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new stake in Sealed Air in the second quarter valued at approximately $746,000. Western Pacific Wealth Management LP grew its stake in Sealed Air by 36.8% in the second quarter. Western Pacific Wealth Management LP now owns 12,610 shares of the industrial products company's stock worth $391,000 after purchasing an additional 3,390 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Sealed Air in the second quarter worth $404,000. Swedbank AB grew its stake in Sealed Air by 9.8% in the second quarter. Swedbank AB now owns 2,552,629 shares of the industrial products company's stock worth $79,208,000 after purchasing an additional 226,933 shares during the period. Finally, Investors Research Corp grew its stake in Sealed Air by 4.1% in the second quarter. Investors Research Corp now owns 39,500 shares of the industrial products company's stock worth $1,226,000 after purchasing an additional 1,550 shares during the period. 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.