Sealed Air (NYSE:SEE) Price Target Lowered to $37.00 at UBS Group

Sealed Air (NYSE:SEE) had its price objective trimmed by UBS Group from $39.00 to $37.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.

Several other brokerages have also commented on SEE. Bank of America reduced their price objective on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company reduced their price objective on Sealed Air from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reduced their price objective on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. Finally, Citigroup reduced their price objective on Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.08.

Sealed Air Price Performance

Shares of NYSE SEE opened at $33.07 on Friday. The firm has a market capitalization of $4.82 billion, a P/E ratio of 12.16, a P/E/G ratio of 4.97 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. The stock’s 50-day simple moving average is $35.35 and its two-hundred day simple moving average is $35.22. Sealed Air has a twelve month low of $30.87 and a twelve month high of $41.14.

Sealed Air (NYSE:SEE) last announced its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 EPS. As a group, equities analysts anticipate that Sealed Air will post 3.06 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.42%. The ex-dividend date was Friday, December 6th. Sealed Air’s dividend payout ratio (DPR) is currently 29.41%.

Institutional Investors Weigh In On Sealed Air

Institutional investors and hedge funds have recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL purchased a new stake in Sealed Air in the 2nd quarter worth approximately $34,000. GAMMA Investing LLC lifted its holdings in Sealed Air by 218.0% in the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock worth $45,000 after buying an additional 907 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Sealed Air by 523.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company’s stock worth $101,000 after buying an additional 2,445 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Sealed Air in the 2nd quarter valued at approximately $105,000. Finally, Quarry LP lifted its stake in shares of Sealed Air by 230.1% in the 2nd quarter. Quarry LP now owns 3,390 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 2,363 shares during the period. Hedge funds and other institutional investors own 94.40% of the company’s stock.

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.