Sealed Air Co. (NYSE:SEE) Given Average Recommendation of “Moderate Buy” by Analysts

Sealed Air Co. (NYSE:SEE) has earned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $40.00.

A number of equities research analysts have commented on the company. Mizuho reduced their target price on Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Citigroup reduced their price objective on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, January 6th. StockNews.com lowered shares of Sealed Air from a “buy” rating to a “hold” rating in a research report on Monday. Royal Bank of Canada reduced their price target on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. Finally, Bank of America lowered their price target on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, January 6th.

Sealed Air Stock Up 0.6 %

Shares of NYSE:SEE opened at $34.68 on Friday. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 7.98 and a beta of 1.34. Sealed Air has a fifty-two week low of $30.87 and a fifty-two week high of $41.14. The firm’s 50-day simple moving average is $35.13 and its 200-day simple moving average is $35.17. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62.

Sealed Air (NYSE:SEE) last released its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.12. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 EPS. As a group, equities research analysts predict that Sealed Air will post 3.05 earnings per share for the current year.

Institutional Trading of Sealed Air

A number of large investors have recently made changes to their positions in SEE. Empowered Funds LLC purchased a new position in Sealed Air in the 3rd quarter valued at about $1,497,000. Maple Rock Capital Partners Inc. boosted its position in Sealed Air by 56.6% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock worth $55,085,000 after acquiring an additional 548,493 shares during the last quarter. Deprince Race & Zollo Inc. grew its stake in Sealed Air by 1.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company’s stock worth $64,571,000 after acquiring an additional 24,940 shares during the period. Commerce Bank raised its holdings in Sealed Air by 67.6% in the 3rd quarter. Commerce Bank now owns 36,601 shares of the industrial products company’s stock valued at $1,329,000 after acquiring an additional 14,766 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Sealed Air by 501.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company’s stock worth $28,853,000 after purchasing an additional 662,606 shares during the period. Institutional investors and hedge funds 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.