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

Sealed Air (NYSE:SEE - Free Report) had its target price reduced by Mizuho from $45.00 to $42.00 in a report released on Tuesday morning,Benzinga reports. Mizuho currently has an outperform rating on the industrial products company's stock.

A number of other research analysts have also weighed in on SEE. Bank of America dropped their price target on shares of Sealed Air from $42.00 to $39.00 and set a "buy" rating on the stock in a research report on Monday. Citigroup cut their target price on Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday. Raymond James raised Sealed Air from a "market perform" rating to a "strong-buy" rating and set a $42.00 price target for the company in a research report on Thursday, October 17th. Wells Fargo & Company cut their price objective on Sealed Air from $44.00 to $42.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Truist Financial raised their target price on Sealed Air from $41.00 to $44.00 and gave the company a "buy" rating in a research report on Monday. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.17.

Sealed Air Stock Up 0.6 %

NYSE SEE traded up $0.22 during trading hours on Tuesday, hitting $34.20. The company's stock had a trading volume of 1,000,010 shares, compared to its average volume of 1,120,552. 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 company's 50-day simple moving average is $35.46 and its two-hundred day simple moving average is $35.24. The company has a market capitalization of $4.98 billion, a PE ratio of 12.57, a price-to-earnings-growth 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.

Sealed Air (NYSE:SEE - Get Free Report) last announced its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (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 analysts' expectations of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. Sealed Air's quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 earnings per share. Research analysts anticipate that Sealed Air will post 3.06 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.20 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.34%. Sealed Air's dividend payout ratio is 29.41%.

Institutional Investors Weigh In On Sealed Air

Several institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC bought a new stake in shares of Sealed Air during the 3rd quarter valued at about $1,497,000. Maple Rock Capital Partners Inc. grew its stake in Sealed Air by 56.6% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company's stock worth $55,085,000 after buying an additional 548,493 shares in the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of Sealed Air by 1.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company's stock worth $64,571,000 after buying an additional 24,940 shares during the last quarter. Commerce Bank raised its position in shares of Sealed Air by 67.6% during the 3rd quarter. Commerce Bank now owns 36,601 shares of the industrial products company's stock valued at $1,329,000 after buying an additional 14,766 shares in the last quarter. Finally, MQS Management LLC bought a new stake in shares of Sealed Air during the 2nd quarter worth $514,000. Hedge funds and other institutional investors 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.