Sealed Air (NYSE:SEE) Stock Price Expected to Rise, Truist Financial Analyst Says

Sealed Air (NYSE:SEE - Get Free Report) had its target price hoisted by investment analysts at Truist Financial from $33.00 to $40.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the industrial products company's stock. Truist Financial's price objective indicates a potential upside of 24.96% from the stock's current price.

A number of other equities research analysts also recently weighed in on SEE. Mizuho cut their price target on shares of Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Raymond James Financial dropped their price objective on shares of Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating for the company in a research note on Tuesday, April 22nd. UBS Group increased their price objective on shares of Sealed Air from $39.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Wall Street Zen raised shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $37.55.

Sealed Air Price Performance

Shares of NYSE SEE traded down $0.69 during midday trading on Friday, hitting $32.01. The company had a trading volume of 639,730 shares, compared to its average volume of 1,541,947. 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 has a twelve month low of $22.78 and a twelve month high of $38.85. The business has a 50-day simple moving average of $31.66 and a two-hundred day simple moving average of $31.36. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 2.98 and a beta of 1.35.

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

Hedge Funds Weigh In On Sealed Air

A number of hedge funds and other institutional investors have recently made changes to their positions in SEE. Strategic Investment Solutions Inc. IL bought a new stake in Sealed Air in the 1st quarter valued at about $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Sealed Air during the fourth quarter valued at approximately $27,000. North Capital Inc. bought a new position in shares of Sealed Air during the first quarter valued at approximately $30,000. Brown Brothers Harriman & Co. raised its holdings 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 purchasing an additional 712 shares in the last quarter. Finally, CX Institutional bought a new position in shares of Sealed Air during the first quarter valued at $52,000. 94.40% of the stock is owned by hedge funds and other institutional investors.

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.