Sealed Air (NYSE:SEE) Upgraded by StockNews.com to Buy Rating

Sealed Air (NYSE:SEE - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Tuesday.

SEE has been the subject of a number of other reports. 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 report on Thursday, October 17th. Morgan Stanley initiated coverage on shares of Sealed Air in a research note on Wednesday, September 4th. They issued an "equal weight" rating and a $39.00 target price for the company. Truist Financial decreased their price target on shares of Sealed Air from $44.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, October 15th. JPMorgan Chase & Co. lowered their price target on shares of Sealed Air from $35.00 to $33.00 and set a "neutral" rating for the company in a report on Thursday, August 15th. Finally, Royal Bank of Canada reduced their price objective on shares of Sealed Air from $40.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $41.00.

Sealed Air Price Performance

Shares of Sealed Air stock traded down $0.39 on Tuesday, hitting $36.84. The company's stock had a trading volume of 1,236,787 shares, compared to its average volume of 1,503,759. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The firm has a fifty day moving average price of $35.94 and a 200-day moving average price of $35.73. Sealed Air has a 52-week low of $30.87 and a 52-week high of $41.14. The company has a market capitalization of $5.37 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 5.05 and a beta of 1.34.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly 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. 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 for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm earned $0.77 earnings per share. The company's revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities research analysts expect that Sealed Air will post 3.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. SG Americas Securities LLC raised its holdings in shares of Sealed Air by 336.5% in the 2nd quarter. SG Americas Securities LLC now owns 108,664 shares of the industrial products company's stock worth $3,780,000 after purchasing an additional 83,770 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Sealed Air by 19.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 16,494 shares of the industrial products company's stock valued at $574,000 after buying an additional 2,668 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Sealed Air during the second quarter valued at approximately $803,000. Louisiana State Employees Retirement System grew its stake in Sealed Air by 2.5% during the second quarter. Louisiana State Employees Retirement System now owns 73,300 shares of the industrial products company's stock worth $2,550,000 after buying an additional 1,800 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Sealed Air by 5.8% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,970 shares of the industrial products company's stock worth $660,000 after acquiring an additional 1,040 shares in the last quarter. 94.40% of the stock is owned by hedge funds and other 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.