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 note issued to investors on Wednesday.

A number of other equities research analysts also recently weighed in on SEE. Citigroup decreased their price target on shares of Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Mizuho decreased their price target on shares of Sealed Air from $45.00 to $42.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company decreased their price target on shares of Sealed Air from $44.00 to $42.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Morgan Stanley decreased their price target on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Finally, Truist Financial lifted their price target on shares of Sealed Air from $41.00 to $44.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $40.00.

Sealed Air Stock Performance

Sealed Air stock traded down $0.74 during trading hours on Wednesday, hitting $32.32. The stock had a trading volume of 1,645,627 shares, compared to its average volume of 1,145,855. The company has a 50-day moving average of $34.25 and a two-hundred day moving average of $34.92. 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 company has a market cap of $4.71 billion, a PE ratio of 11.88 and a beta of 1.34. Sealed Air has a fifty-two week low of $30.87 and a fifty-two week high of $41.14.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quarry LP raised its holdings in 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 last quarter. Arizona State Retirement System raised its holdings in Sealed Air by 0.8% during the 4th quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company's stock worth $1,430,000 after purchasing an additional 348 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its holdings in Sealed Air by 0.8% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 43,450 shares of the industrial products company's stock worth $1,470,000 after purchasing an additional 350 shares during the last quarter. Choreo LLC raised its holdings in Sealed Air by 3.7% during the 4th quarter. Choreo LLC now owns 9,829 shares of the industrial products company's stock worth $331,000 after purchasing an additional 351 shares during the last quarter. Finally, Metis Global Partners LLC grew its position in shares of Sealed Air by 4.3% during the 4th quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company's stock worth $306,000 after buying an additional 375 shares during the period. 94.40% of the stock is owned by institutional investors.

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.