Sealed Air (NYSE:SEE) Price Target Raised to $43.00 at Wells Fargo & Company

Sealed Air (NYSE:SEE) had its target price lifted by stock analysts at Wells Fargo & Company from $42.00 to $43.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 23.02% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. Morgan Stanley decreased their target price on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. StockNews.com raised shares of Sealed Air from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Mizuho reduced their price target on Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Truist Financial boosted their price target on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, UBS Group decreased their price target on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sealed Air currently has a consensus rating of “Moderate Buy” and an average target price of $40.08.

Sealed Air Trading Up 2.8 %

Shares of NYSE:SEE opened at $34.96 on Wednesday. The business’s 50-day moving average is $34.14 and its 200 day moving average is $34.90. The firm has a market capitalization of $5.09 billion, a P/E ratio of 12.75 and a beta of 1.34. Sealed Air has a 1 year low of $30.87 and a 1 year high of $41.14. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79.

Sealed Air (NYSE:SEE) last released its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm earned $0.88 EPS. The firm’s revenue was down .4% on a year-over-year basis. On average, research analysts predict that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sealed Air

Several large investors have recently added to or reduced their stakes in SEE. Mackenzie Financial Corp acquired a new position in shares of Sealed Air in the fourth quarter worth $231,000. Castlekeep Investment Advisors LLC purchased a new stake in Sealed Air during the 4th quarter worth about $372,000. PharVision Advisers LLC acquired a new stake in Sealed Air in the 4th quarter valued at about $301,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Sealed Air by 14.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 377,470 shares of the industrial products company’s stock valued at $12,770,000 after buying an additional 48,483 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of Sealed Air during the fourth quarter worth about $350,000. 94.40% of the stock is owned by hedge funds and other institutional investors.

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.