Sealed Air Co. (NYSE:SEE) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Sealed Air Co. (NYSE:SEE) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are 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 issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $40.00.

Several research analysts have weighed in on SEE shares. Mizuho dropped their target price on Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Truist Financial raised their price objective on shares of Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Royal Bank of Canada decreased their target price 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. UBS Group cut their price target on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Finally, Bank of America decreased their price objective on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a report on Monday, January 6th.

Sealed Air Trading Down 0.6 %

Sealed Air stock opened at $33.83 on Thursday. 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 has a 12 month low of $30.87 and a 12 month high of $41.14. The company’s fifty day simple moving average is $34.67 and its 200-day simple moving average is $35.08. The stock has a market cap of $4.93 billion, a P/E ratio of 12.44 and a beta of 1.34.

Institutional Trading of Sealed Air

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Manchester Capital Management LLC boosted 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 valued at $41,000 after acquiring an additional 700 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sealed Air during the 4th quarter valued at $45,000. GAMMA Investing LLC boosted its holdings in Sealed Air by 218.0% in the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 907 shares during the period. Brown Brothers Harriman & Co. grew its position in Sealed Air by 89.0% in the 4th 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 during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Sealed Air by 148.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 913 shares during the period. Institutional investors and hedge funds 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.