Sealed Air (NYSE:SEE) Upgraded at Wall Street Zen

Sealed Air (NYSE:SEE - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Friday.

A number of other research firms have also issued reports on SEE. Jefferies Financial Group set a $36.00 price target on Sealed Air in a research report on Tuesday, March 4th. Mizuho dropped 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. UBS Group upgraded Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price target for the company in a research report on Monday, April 7th. Wells Fargo & Company upped their price target on Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Finally, Raymond James dropped their price target 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. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $38.00.

Sealed Air Price Performance

NYSE SEE traded up $0.51 during trading hours on Friday, reaching $32.32. The company's stock had a trading volume of 683,450 shares, compared to its average volume of 1,545,143. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 11.88 and a beta of 1.37. Sealed Air has a 1-year low of $22.78 and a 1-year high of $39.54. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The company's 50-day moving average is $29.07 and its two-hundred day moving average is $32.07.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.67 by $0.14. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business earned $0.78 EPS. Sealed Air's quarterly revenue was down 4.4% on a year-over-year basis. On average, equities analysts predict that Sealed Air will post 3.05 EPS for the current year.

Insider Activity

In other Sealed Air news, Director Henry R. Keizer bought 1,120 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $30.00 per share, with a total value of $33,600.00. Following the completion of the acquisition, the director now directly owns 35,000 shares of the company's stock, valued at $1,050,000. This represents a 3.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.41% of the company's stock.

Hedge Funds Weigh In On Sealed Air

Several large investors have recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL purchased a new position in shares of Sealed Air during the first quarter worth about $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Sealed Air during the fourth quarter worth about $27,000. North Capital Inc. purchased a new position in shares of Sealed Air during the first quarter worth about $30,000. Manchester Capital Management LLC grew its holdings in shares of Sealed Air by 139.4% during the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company's stock worth $41,000 after buying an additional 700 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sealed Air during the fourth quarter worth about $45,000. Hedge funds and other 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.

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