Sealed Air (NYSE:SEE) Price Target Lowered to $42.00 at Wells Fargo & Company

Sealed Air (NYSE:SEE - Free Report) had its price objective decreased by Wells Fargo & Company from $44.00 to $42.00 in a research note published on Monday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the industrial products company's stock.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada decreased their price target 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 Sealed Air from a "market perform" rating to a "strong-buy" rating and set a $42.00 target price for the company in a research report on Thursday, October 17th. Truist Financial increased their price target on Sealed Air from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Monday. Finally, StockNews.com upgraded Sealed Air from a "hold" rating to a "buy" rating in a report on Tuesday, December 10th. Seven 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.83.

Sealed Air Trading Up 0.7 %

Shares of NYSE SEE traded up $0.25 during midday trading on Monday, hitting $33.97. The company's stock had a trading volume of 1,336,213 shares, compared to its average volume of 1,160,738. Sealed Air has a 12-month low of $30.87 and a 12-month high of $41.14. 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 firm has a market cap of $4.95 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 4.97 and a beta of 1.34. The business's 50 day moving average is $35.54 and its two-hundred day moving average is $35.27.

Sealed Air (NYSE:SEE - Get Free Report) last released its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.12. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business's revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 earnings per share. As a group, equities research analysts expect that Sealed Air will post 3.06 EPS for the current year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.36%. The ex-dividend date was Friday, December 6th. Sealed Air's dividend payout ratio is currently 29.41%.

Institutional Investors Weigh In On Sealed Air

Institutional investors have recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL acquired a new stake in Sealed Air in the 2nd quarter worth approximately $34,000. GAMMA Investing LLC grew its holdings in shares of Sealed Air by 218.0% during the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock valued at $45,000 after buying an additional 907 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Sealed Air by 100.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,833 shares of the industrial products company's stock valued at $99,000 after acquiring an additional 1,422 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Sealed Air by 523.6% in 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 during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Sealed Air during the 2nd quarter worth about $105,000. 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.