Sealed Air (NYSE:SEE) Given New $36.00 Price Target at Raymond James

Sealed Air (NYSE:SEE - Get Free Report) had its price target decreased by Raymond James from $42.00 to $36.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "strong-buy" rating on the industrial products company's stock. Raymond James' price target would suggest a potential upside of 35.52% from the company's previous close.

Several other equities analysts have also issued reports on the company. Morgan Stanley decreased 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, January 13th. Truist Financial reduced their price objective on shares of Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday. UBS Group raised Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price objective on the stock in a research note on Monday, April 7th. Bank of America dropped their price objective on Sealed Air from $42.00 to $39.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, Wells Fargo & Company lifted their price target on shares of Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.00.

Sealed Air Stock Performance

Sealed Air stock traded up $0.54 during midday trading on Tuesday, reaching $26.56. 443,598 shares of the company's stock were exchanged, compared to its average volume of 1,531,999. 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 has a 52 week low of $22.78 and a 52 week high of $41.14. The stock's 50-day simple moving average is $29.59 and its 200 day simple moving average is $33.27. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 9.76 and a beta of 1.35.

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

Insider Buying and Selling

In related news, Director Henry R. Keizer acquired 1,120 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $30.00 per share, with a total value of $33,600.00. Following the acquisition, the director now owns 35,000 shares of the company's stock, valued at approximately $1,050,000. This trade represents a 3.31 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.30% of the stock is owned by insiders.

Institutional Trading of Sealed Air

A number of hedge funds and other institutional investors have recently bought and sold shares of SEE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Sealed Air in the fourth quarter worth $27,000. Manchester Capital Management LLC grew its holdings in shares of 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 worth $41,000 after purchasing an additional 700 shares in the last quarter. 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 valued at $45,000 after purchasing an additional 907 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Sealed Air in the 4th quarter worth approximately $45,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Sealed Air by 148.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock worth $51,000 after buying an additional 913 shares during the last quarter. Institutional investors own 94.40% of the company's stock.

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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