Truist Financial Forecasts Strong Price Appreciation for Sealed Air (NYSE:SEE) Stock

Sealed Air (NYSE:SEE - Get Free Report) had its target price boosted by analysts at Truist Financial from $41.00 to $44.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Truist Financial's price objective would suggest a potential upside of 29.53% from the stock's previous close.

Other analysts have also issued research reports about the company. StockNews.com raised Sealed Air from a "hold" rating to a "buy" rating in a report on Tuesday, December 10th. Royal Bank of Canada decreased their target price on Sealed Air from $40.00 to $39.00 and set a "sector perform" rating on the stock in a report on Thursday, October 17th. Finally, Raymond James upgraded shares of Sealed Air from a "market perform" rating to a "strong-buy" rating and set a $42.00 price objective on the stock in a research report on Thursday, October 17th. 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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. 1,336,213 shares of the company traded hands, compared to its average volume of 1,160,738. 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 has a 12-month low of $30.87 and a 12-month high of $41.14. The stock has a 50-day moving average price of $35.49 and a 200 day moving average price of $35.26. The firm has a market cap of $4.95 billion, a P/E ratio of 12.49, a P/E/G ratio of 4.97 and a beta of 1.34.

Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period last year, the company posted $0.77 EPS. Sealed Air's revenue was down 2.7% on a year-over-year basis. As a group, analysts expect that Sealed Air will post 3.06 earnings per share for the current year.

Institutional Trading of Sealed Air

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP boosted its position in shares of Sealed Air by 9.2% during the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company's stock worth $134,000 after purchasing an additional 311 shares during the period. Everence Capital Management Inc. increased its stake in Sealed Air by 2.8% during the third quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company's stock worth $506,000 after purchasing an additional 380 shares during the period. United Services Automobile Association grew its holdings in shares of Sealed Air by 3.5% in the second quarter. United Services Automobile Association now owns 11,533 shares of the industrial products company's stock valued at $401,000 after purchasing an additional 393 shares in the last quarter. Raymond James Trust N.A. increased its stake in Sealed Air by 3.4% during the 3rd quarter. Raymond James Trust N.A. now owns 14,016 shares of the industrial products company's stock worth $509,000 after buying an additional 466 shares during the period. Finally, Mount Yale Investment Advisors LLC lifted its holdings in Sealed Air by 1.3% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 36,643 shares of the industrial products company's stock worth $1,275,000 after buying an additional 467 shares in the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

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.