Sealed Air (NYSE:SEE) Price Target Cut to $37.00 by Analysts at UBS Group

Sealed Air (NYSE:SEE - Get Free Report) had its price target cut by stock analysts at UBS Group from $39.00 to $37.00 in a report issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the industrial products company's stock. UBS Group's price objective would suggest a potential upside of 11.88% from the company's previous close.

Other analysts have also recently issued reports about the company. Bank of America dropped their price objective on Sealed Air from $42.00 to $39.00 and set a "buy" rating for the company in a report on Monday. Citigroup lowered their price target on Sealed Air from $44.00 to $42.00 and set a "buy" rating for the company 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 research note on Thursday, October 17th. Raymond James raised shares of Sealed Air from a "market perform" rating to a "strong-buy" rating and set a $42.00 price target for the company in a report on Thursday, October 17th. Finally, Mizuho lowered their target price on Sealed Air from $45.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.08.

Sealed Air Price Performance

SEE stock traded down $0.61 during midday trading on Friday, reaching $33.07. 1,138,310 shares of the company's stock traded hands, compared to its average volume of 1,126,718. The company has a 50-day simple moving average of $35.35 and a two-hundred day simple moving average of $35.22. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. Sealed Air has a 1-year low of $30.87 and a 1-year high of $41.14. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 4.97 and a beta of 1.34.

Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.12. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The company's revenue was down 2.7% on a year-over-year basis. On average, analysts anticipate that Sealed Air will post 3.06 earnings per share for the current year.

Institutional Trading of Sealed Air

Hedge funds have recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL acquired a new stake in Sealed Air during the second quarter worth approximately $34,000. GAMMA Investing LLC lifted its holdings in shares of Sealed Air by 218.0% during the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock worth $45,000 after acquiring an additional 907 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Sealed Air by 523.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company's stock worth $101,000 after acquiring an additional 2,445 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Sealed Air during the second quarter valued at approximately $105,000. Finally, Quarry LP lifted its stake in Sealed Air by 230.1% during the second quarter. Quarry LP now owns 3,390 shares of the industrial products company's stock worth $118,000 after purchasing an additional 2,363 shares during the last quarter. Institutional investors and hedge funds 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.