Sealed Air (NYSE:SEE) Cut to Hold at StockNews.com

Sealed Air (NYSE:SEE - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Monday.

A number of other equities analysts have also recently weighed in on the company. Mizuho lowered 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. Citigroup lowered 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. Morgan Stanley cut their price target on Sealed Air from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday. Royal Bank of Canada lowered 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 report on Thursday, October 17th. Finally, Truist Financial lifted their price target on Sealed Air from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.00.

Sealed Air Stock Performance

SEE stock traded up $0.57 during midday trading on Monday, reaching $33.62. The stock had a trading volume of 884,551 shares, compared to its average volume of 1,092,122. The firm has a fifty day simple moving average of $35.23 and a two-hundred day simple moving average of $35.18. The stock has a market cap of $4.90 billion, a PE ratio of 12.36, a P/E/G ratio of 4.97 and a beta of 1.34. Sealed Air has a 52-week low of $30.87 and a 52-week high of $41.14. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm's revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 earnings per share. As a group, equities research analysts anticipate that Sealed Air will post 3.06 EPS for the current year.

Institutional Investors Weigh In On Sealed Air

Institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new stake in shares of Sealed Air during the third quarter valued at $139,800,000. Swedbank AB purchased a new position in Sealed Air in the third quarter valued at about $53,681,000. Millennium Management LLC increased its holdings in Sealed Air by 38.2% in the second quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company's stock worth $143,136,000 after buying an additional 1,136,985 shares during the last quarter. JPMorgan Chase & Co. increased 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 last quarter. Finally, Maple Rock Capital Partners Inc. raised its holdings 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 valued at $55,085,000 after buying an additional 548,493 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

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.

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