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

Shares of Sealed Air Co. (NYSE:SEE - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fourteen brokerages that are covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $40.00.

Several analysts recently weighed in on the company. Citigroup dropped their price objective on Sealed Air from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, January 6th. StockNews.com cut shares of Sealed Air from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Morgan Stanley decreased their price target on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Wells Fargo & Company dropped their price objective on shares of Sealed Air from $44.00 to $42.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Finally, Raymond James raised shares of Sealed Air from a "market perform" rating to a "strong-buy" rating and set a $42.00 target price on the stock in a research note on Thursday, October 17th.

Hedge Funds Weigh In On Sealed Air

Hedge funds have recently made changes to their positions in the stock. Manchester Capital Management LLC boosted its stake in Sealed Air by 139.4% during the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company's stock valued at $41,000 after buying an additional 700 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sealed Air during the fourth quarter valued at approximately $45,000. GAMMA Investing LLC raised its stake in Sealed Air by 218.0% in the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock worth $45,000 after buying an additional 907 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Sealed Air by 148.0% in the fourth 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 in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Sealed Air by 98.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company's stock worth $53,000 after acquiring an additional 778 shares in the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Sealed Air Price Performance

SEE stock traded down $0.53 during mid-day trading on Thursday, hitting $34.05. The stock had a trading volume of 1,004,448 shares, compared to its average volume of 1,075,657. The firm has a fifty day simple moving average of $34.84 and a 200 day simple moving average of $35.13. Sealed Air has a 52 week low of $30.87 and a 52 week high of $41.14. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The firm has a market capitalization of $4.96 billion, a P/E ratio of 12.52 and a beta of 1.34.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company's revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 earnings per share. As a group, research analysts forecast that Sealed Air will post 3.05 EPS for the current year.

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.