Sealed Air (NYSE:SEE) Lifted to “Strong-Buy” at Raymond James

Sealed Air (NYSE:SEE) was upgraded by equities research analysts at Raymond James from a “market perform” rating to a “strong-buy” rating in a note issued to investors on Thursday, Briefing.com reports. The brokerage presently has a $42.00 price target on the industrial products company’s stock. Raymond James’ price objective would indicate a potential upside of 19.01% from the company’s current price.

Several other analysts have also recently commented on SEE. Citigroup decreased their price target on shares of Sealed Air from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Jefferies Financial Group cut shares of Sealed Air from a “buy” rating to a “hold” rating and decreased their price target for the stock from $47.00 to $35.00 in a research note on Friday, August 9th. Stifel Nicolaus began coverage on shares of Sealed Air in a research note on Tuesday, July 9th. They issued a “buy” rating and a $47.00 price target on the stock. Morgan Stanley began coverage on shares of Sealed Air in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $39.00 price target on the stock. Finally, StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Sealed Air has an average rating of “Moderate Buy” and a consensus price target of $41.09.

Sealed Air Trading Up 0.9 %

Shares of SEE stock opened at $35.29 on Thursday. The company has a current ratio of 1.30, a quick ratio of 0.79 and a debt-to-equity ratio of 6.81. Sealed Air has a 12-month low of $28.50 and a 12-month high of $41.14. The stock has a market capitalization of $5.14 billion, a P/E ratio of 14.17, a P/E/G ratio of 8.72 and a beta of 1.34. The firm’s 50 day moving average is $34.53 and its 200 day moving average is $35.30.

Sealed Air (NYSE:SEE) last released its earnings results on Thursday, August 8th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.19. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Sealed Air had a return on equity of 85.65% and a net margin of 6.64%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.80 earnings per share. Research analysts expect that Sealed Air will post 2.93 earnings per share for the current year.

Hedge Funds Weigh In On Sealed Air

A number of hedge funds and other institutional investors have recently modified their holdings of SEE. Family Firm Inc. purchased a new stake in Sealed Air during the second quarter valued at approximately $26,000. Fidelis Capital Partners LLC purchased a new stake in Sealed Air during the first quarter valued at approximately $31,000. Strategic Investment Solutions Inc. IL purchased a new stake in Sealed Air during the second quarter valued at approximately $34,000. Allspring Global Investments Holdings LLC purchased a new stake in Sealed Air during the first quarter valued at approximately $52,000. Finally, Covestor Ltd lifted its position in Sealed Air by 651.2% during the first quarter. Covestor Ltd now owns 1,615 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 1,400 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors.

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.