Sealed Air (NYSE:SEE) Rating Increased to Buy at Wall Street Zen

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

A number of other equities analysts also recently issued reports on SEE. Mizuho dropped their price objective on shares of Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Raymond James lowered their target price on Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company lifted their target price on Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Truist Financial lowered their target price on Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, UBS Group upgraded Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 target price on the stock in a research report on Monday, April 7th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Sealed Air presently has an average rating of "Moderate Buy" and an average price target of $38.00.

Sealed Air Stock Performance

SEE traded up $0.60 during midday trading on Friday, hitting $32.88. 863,078 shares of the company traded hands, compared to its average volume of 1,543,002. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The firm has a market capitalization of $4.83 billion, a PE ratio of 12.09 and a beta of 1.37. The company's 50-day moving average is $29.14 and its 200 day moving average is $32.00. Sealed Air has a 52 week low of $22.78 and a 52 week high of $39.54.

Sealed Air (NYSE:SEE - Get Free Report) last released its quarterly 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. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company's revenue for the quarter was down 4.4% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. On average, research analysts expect that Sealed Air will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $0.20 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.43%. Sealed Air's payout ratio is 39.60%.

Insider Activity

In other Sealed Air news, Director Henry R. Keizer acquired 1,120 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the transaction, the director now directly owns 35,000 shares of the company's stock, valued at approximately $1,050,000. The trade was a 3.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.41% of the company's stock.

Hedge Funds Weigh In On Sealed Air

Hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Sealed Air in the fourth quarter worth $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Sealed Air in the first quarter worth about $26,000. North Capital Inc. purchased a new stake in shares of Sealed Air in the first quarter worth about $30,000. Manchester Capital Management LLC lifted its position in shares of Sealed Air by 139.4% in 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 in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sealed Air in 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.