Mizuho Issues Pessimistic Forecast for Sealed Air (NYSE:SEE) Stock Price

Sealed Air (NYSE:SEE - Get Free Report) had its price objective dropped by stock analysts at Mizuho from $39.00 to $32.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the industrial products company's stock. Mizuho's target price indicates a potential upside of 21.22% from the company's previous close.

SEE has been the topic of a number of other research reports. Wells Fargo & Company upped their price target on shares of Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. StockNews.com upgraded Sealed Air from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. UBS Group upgraded Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 target price on the stock in a research report on Monday, April 7th. Truist Financial lifted their price objective on shares of Sealed Air from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Finally, Bank of America decreased their target price on shares of Sealed Air from $42.00 to $39.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $39.42.

Sealed Air Stock Up 2.0 %

Shares of SEE stock traded up $0.53 during mid-day trading on Tuesday, hitting $26.40. 1,324,158 shares of the stock traded hands, compared to its average volume of 1,536,474. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The stock has a market cap of $3.85 billion, a P/E ratio of 9.71 and a beta of 1.35. The stock's fifty day moving average is $29.74 and its two-hundred day moving average is $33.36. Sealed Air has a 52-week low of $22.78 and a 52-week high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.08. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business 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 posted $0.88 earnings per share. The business's quarterly revenue was down .4% on a year-over-year basis. Equities analysts predict that Sealed Air will post 3.05 EPS for the current year.

Insider Buying and Selling

In other news, Director Henry R. Keizer purchased 1,120 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the acquisition, the director now directly owns 35,000 shares of the company's stock, valued at approximately $1,050,000. This represents a 3.31 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sealed Air

Several large investors have recently modified their holdings of the business. Wolf Group Capital Advisors acquired a new position in Sealed Air during the 1st quarter worth about $657,000. Cardinal Capital Management increased its stake in Sealed Air by 7.7% during the first quarter. Cardinal Capital Management now owns 45,360 shares of the industrial products company's stock worth $1,311,000 after purchasing an additional 3,237 shares during the period. Brighton Jones LLC lifted its position in shares of Sealed Air by 28.1% during the first quarter. Brighton Jones LLC now owns 27,925 shares of the industrial products company's stock worth $807,000 after purchasing an additional 6,125 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Sealed Air by 1,263.8% in the first quarter. Exchange Traded Concepts LLC now owns 3,464 shares of the industrial products company's stock valued at $100,000 after purchasing an additional 3,210 shares during the period. Finally, Sound Income Strategies LLC grew its holdings in shares of Sealed Air by 8.3% in the first quarter. Sound Income Strategies LLC now owns 85,997 shares of the industrial products company's stock valued at $2,485,000 after purchasing an additional 6,568 shares in the last quarter. 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.