Sealed Air (NYSE:SEE) Given New $40.00 Price Target at Truist Financial

Sealed Air (NYSE:SEE - Get Free Report) had its price target upped by Truist Financial from $33.00 to $40.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the industrial products company's stock. Truist Financial's price target would indicate a potential upside of 25.96% from the stock's previous close.

Several other equities analysts have also issued reports on SEE. Raymond James Financial decreased their price target on shares of 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 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. Wall Street Zen raised shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, UBS Group boosted their price target on shares of Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $37.55.

Sealed Air Price Performance

Shares of Sealed Air stock traded down $0.26 during midday trading on Friday, reaching $31.76. The company had a trading volume of 1,113,057 shares, compared to its average volume of 1,542,201. 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 $4.67 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 2.92 and a beta of 1.35. The stock has a fifty day simple moving average of $31.66 and a 200 day simple moving average of $31.32. Sealed Air has a 1-year low of $22.78 and a 1-year high of $38.85.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same period last year, the firm earned $0.78 earnings per share. The business's revenue for the quarter was down 4.4% on a year-over-year basis. As a group, equities research analysts forecast that Sealed Air will post 3.05 earnings per share for the current year.

Institutional Investors Weigh In On Sealed Air

Several institutional investors have recently added to or reduced their stakes in SEE. Vanguard Group Inc. lifted its position in Sealed Air by 17.7% during the 4th quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company's stock worth $620,117,000 after buying an additional 2,754,395 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Sealed Air by 1.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 12,545,129 shares of the industrial products company's stock worth $362,555,000 after buying an additional 228,937 shares in the last quarter. Invesco Ltd. lifted its position in Sealed Air by 2.5% during the 1st quarter. Invesco Ltd. now owns 3,884,200 shares of the industrial products company's stock worth $112,253,000 after buying an additional 95,361 shares in the last quarter. Victory Capital Management Inc. lifted its position in Sealed Air by 42.1% during the 1st quarter. Victory Capital Management Inc. now owns 2,864,927 shares of the industrial products company's stock worth $82,796,000 after buying an additional 849,485 shares in the last quarter. Finally, Swedbank AB lifted its position 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 in the last quarter. 94.40% of the stock is owned by institutional investors.

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.