Sealed Air (NYSE:SEE) Price Target Cut to $38.00 by Analysts at Morgan Stanley

Sealed Air (NYSE:SEE - Free Report) had its price target lowered by Morgan Stanley from $39.00 to $38.00 in a research report released on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company's stock.

A number of other research firms also recently weighed in on SEE. Truist Financial raised their target price on shares of Sealed Air from $41.00 to $44.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Citigroup dropped their price objective on Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. 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 note on Monday, January 6th. Raymond James upgraded shares of Sealed Air from a "market perform" rating to a "strong-buy" rating and set a $42.00 target price on the stock in a report on Thursday, October 17th. Finally, StockNews.com upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $40.00.

Sealed Air Stock Up 1.7 %

NYSE SEE traded up $0.57 on Monday, reaching $33.62. The company had a trading volume of 884,551 shares, compared to its average volume of 1,092,122. The company's fifty day moving average is $35.23 and its 200-day moving average is $35.18. Sealed Air has a 1-year low of $30.87 and a 1-year high of $41.14. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 4.97 and a beta of 1.34. 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 data on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.12. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company earned $0.77 earnings per share. Sealed Air's quarterly revenue was down 2.7% on a year-over-year basis. On average, research analysts forecast that Sealed Air will post 3.06 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.80 annualized dividend and a dividend yield of 2.38%. Sealed Air's dividend payout ratio is presently 29.41%.

Institutional Investors Weigh In On Sealed Air

A number of large investors have recently added to or reduced their stakes in SEE. Strategic Investment Solutions Inc. IL bought a new stake in shares of Sealed Air during the 2nd quarter valued at $34,000. GAMMA Investing LLC lifted its position in Sealed Air by 218.0% during the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock worth $45,000 after purchasing an additional 907 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Sealed Air by 523.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company's stock worth $101,000 after buying an additional 2,445 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Sealed Air in the 2nd quarter valued at about $105,000. Finally, Quarry LP increased its holdings in Sealed Air by 230.1% in the 2nd quarter. Quarry LP now owns 3,390 shares of the industrial products company's stock valued at $118,000 after buying an additional 2,363 shares during the period. 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.