Sealed Air (NYSE:SEE) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Sealed Air (NYSE:SEE - Free Report) had its price objective increased by Wells Fargo & Company from $42.00 to $43.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the industrial products company's stock.

SEE has been the topic of a number of other research reports. Morgan Stanley dropped their target price on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Truist Financial upped 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. UBS Group reduced their price objective on shares of Sealed Air from $39.00 to $37.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. StockNews.com upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Bank of America lowered their target price on shares of Sealed Air from $42.00 to $39.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $40.17.

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Sealed Air Trading Up 3.7 %

Shares of SEE stock traded up $1.21 during mid-day trading on Wednesday, reaching $34.21. The company's stock had a trading volume of 2,884,249 shares, compared to its average volume of 1,302,717. The company's 50 day simple moving average is $34.12 and its 200-day simple moving average is $34.90. The firm has a market capitalization of $4.98 billion, a PE ratio of 12.58 and a beta of 1.34. Sealed Air has a 12-month low of $30.87 and a 12-month high of $41.14. 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 (NYSE:SEE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. The firm 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 quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the firm posted $0.88 EPS. On average, research analysts predict that Sealed Air will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Friday, March 14th. Sealed Air's payout ratio is presently 44.20%.

Hedge Funds Weigh In On Sealed Air

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Sealed Air by 17.7% in the 4th quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company's stock valued at $620,117,000 after purchasing an additional 2,754,395 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Sealed Air by 9.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company's stock valued at $416,657,000 after purchasing an additional 1,081,848 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Sealed Air in the 3rd quarter valued at approximately $139,800,000. Invesco Ltd. raised its holdings in shares of Sealed Air by 69.2% in the fourth quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company's stock worth $128,176,000 after buying an additional 1,549,184 shares during the period. Finally, Swedbank AB raised its holdings in shares of Sealed Air by 57.3% in the fourth quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company's stock worth $78,678,000 after buying an additional 846,882 shares during the period. 94.40% of the stock is owned by institutional investors.

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.