Sealed Air (NYSE:SEE) Given New $32.00 Price Target at Mizuho

Sealed Air (NYSE:SEE) had its price target lowered by investment analysts at Mizuho from $39.00 to $32.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Mizuho’s price objective indicates a potential upside of 20.53% from the stock’s current price.

A number of other research analysts have also recently weighed in on SEE. StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Jefferies Financial Group set a $36.00 price objective on Sealed Air in a research note on Tuesday, March 4th. UBS Group raised Sealed Air from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Monday, April 7th. Truist Financial upped their price target on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Citigroup decreased their price objective on Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Sealed Air presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.42.

Sealed Air Stock Down 0.0 %

SEE stock traded down $0.01 during mid-day trading on Tuesday, reaching $26.55. 420,525 shares of the company traded hands, compared to its average volume of 1,721,046. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 9.74 and a beta of 1.35. Sealed Air has a fifty-two week low of $22.78 and a fifty-two week high of $41.14. The firm’s 50 day moving average price is $30.38 and its 200 day moving average price is $33.60. 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) 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 business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business’s revenue was down .4% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. As a group, equities research analysts predict that Sealed Air will post 3.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sealed Air news, Director Henry R. Keizer bought 1,120 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the transaction, the director now directly owns 35,000 shares in the company, valued at $1,050,000. This trade represents a 3.31 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

Institutional Trading of Sealed Air

A number of institutional investors have recently modified their holdings of SEE. Vanguard Group Inc. lifted its holdings in 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 worth $620,117,000 after buying an additional 2,754,395 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in Sealed Air by 9.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company’s stock worth $416,657,000 after acquiring an additional 1,081,848 shares during the period. Invesco Ltd. lifted its stake in 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 acquiring an additional 1,549,184 shares during the period. Swedbank AB increased its position in Sealed Air by 57.3% during the 4th quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company’s stock valued at $78,678,000 after purchasing an additional 846,882 shares during the period. Finally, Geode Capital Management LLC increased its position in Sealed Air by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock valued at $83,542,000 after purchasing an additional 12,559 shares during the period. 94.40% of the stock is currently owned by hedge funds and other 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.