Sealed Air (NYSE:SEE) Price Target Raised to $38.00

Sealed Air (NYSE:SEE - Free Report) had its target price hoisted by UBS Group from $37.00 to $38.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the industrial products company's stock.

SEE has been the subject of a number of other research reports. StockNews.com raised shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Morgan Stanley lowered their price objective on Sealed Air from $39.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Citigroup lowered their price objective on Sealed Air from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Truist Financial upped their price objective on Sealed Air from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Finally, Mizuho lowered their price objective on Sealed Air from $45.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Six 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. According to data from MarketBeat.com, Sealed Air currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.17.

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Sealed Air Price Performance

Shares of SEE stock traded up $1.21 on Wednesday, reaching $34.21. The company had a trading volume of 2,884,249 shares, compared to its average volume of 1,302,717. The stock has a market capitalization of $4.98 billion, a PE ratio of 12.58 and a beta of 1.34. 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 has a one year low of $30.87 and a one year high of $41.14. The business's 50-day moving average is $34.12 and its 200 day moving average is $34.93.

Sealed Air (NYSE:SEE - Get Free Report) last posted its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.36 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 earnings per share. Equities research analysts forecast that Sealed Air will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given 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 is Friday, March 14th. Sealed Air's dividend payout ratio is presently 44.20%.

Institutional Trading of Sealed Air

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kwmg LLC grew its position in shares of Sealed Air by 5.0% during the 4th quarter. Kwmg LLC now owns 136,537 shares of the industrial products company's stock worth $4,619,000 after buying an additional 6,527 shares during the period. Empowered Funds LLC acquired a new stake in shares of Sealed Air during the 3rd quarter worth approximately $1,497,000. Maple Rock Capital Partners Inc. grew its position in shares of Sealed Air by 56.6% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company's stock worth $55,085,000 after buying an additional 548,493 shares during the period. Sound Income Strategies LLC grew its position in shares of Sealed Air by 13.8% during the 4th quarter. Sound Income Strategies LLC now owns 79,429 shares of the industrial products company's stock worth $2,687,000 after buying an additional 9,634 shares during the period. Finally, Commerce Bank grew its position in shares of Sealed Air by 67.6% during the 3rd quarter. Commerce Bank now owns 36,601 shares of the industrial products company's stock worth $1,329,000 after buying an additional 14,766 shares during the period. 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.